Which of these is a critical interaction in the hotel industry?

This company was incorporated as a new business on January 1, 2019. The company is authorized to issue 50,000 shares of $5 par c

weqwewe [10]

Answer:

Amount of the company's total capital stock at December 31, 2019:

Common stock = 8,000 x $15 = $120,000

Preferred stock = 2,000 x $30 = $60,000

Total issued share capital $180,000

Add: Net income at 31 December, 2019 $375,000

Total capital stock $ 555,000

Explanation:

Total capital stock is the aggregate of par value of common stock, par value of preferred stock and net income.

8 0

3 years ago

Downsizing describes the practice of companies shifting their production overseas.

quester [9]

Downsizing is the reduction of employees in a company's payroll. It involves the elimination of some positions and thus reducing the operational cost of the company. The given statement "Downsizing describes the practice of companies shifting their production overseas" is false. Downsizing does not describe the practice of companies shifting their production overseas

3 0

3 years ago

Question 14 of 20

charle [14.2K]

Answer:

C

Explanation:

8 0

3 years ago

Sweat equity, and other methods of reducing the initial cost of getting a company off the ground without resorting to amassing o

vovangra [49]

Answer:hes wrong i just failed a mf test cause of it the right answer is bootstrapping on oddy

Explanation:

3 0

3 years ago

Bridge City Consulting bought a building and the land on which it is located for $175,000 cash. The land is estimated to represe

Darya [45]

Answer:

Part 1

D.E = $5,300

Part 2

a. Book Value = $61,900

b. Book Value = $122,500

Explanation:

Step 1 : Determine the Cost of Buildings

Separate the Cost of Land and the Cost of Building from the Purchase Price

Calculation of the Cost of Building

Purchase Price ($175,000 x 30%) $52,500

Building Renovations $20,000

Total $72,500

Step 2 : Depreciation calculation

Depreciation expense = (Cost - Residual Value) ÷ Useful Life

= ($72,500 - $19,500) ÷ 10

= $5,300

After Year 2

Buildings :

Accumulated Depreciation = $10,600

Book Value = $72,500 - $10,600 = $61,900

Land

Book Value = $175,000 x 70% = $122,500

Note : Land is not depreciated

5 0

3 years ago