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2 years ago

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Roberto went to a grocery store to buy his favorite brand of soft drink; however, the store was temporarily out of that brand, s

o he looked over the other familiar brands and decided to try one that is well-advertised. This case illustrates:

1 answer:

Diano4ka-milaya [45]2 years ago

5 0

Answer:

<u>Limited problem solving</u>

Explanation:

Icollege video says its right

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On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 77,000 shares authori

Vikki [24]

Answer:

See the explanation below:

Explanation:

1. Prepare journal entries to record the following transactions for Sherman Systems

a. Purchased 5,500 shares of its own common stock at $30 per share on October 11.

<u>Details Dr ($) Cr ($) </u>

Treasury Stock (5,500 × 30) 165,000

Cash 165,000

<u><em>To record the repurchase of own common stock </em></u>

b. Sold 1,125 treasury shares on November 1 for $36 cash per share.

<u>Details Dr ($) Cr ($) </u>

Cash (1,125 × 36) 40,500

Treasury Stock (1,125 × 30) 33,750

Paid-in Capital from Sale of Treasury Stock 6,750

<em><u>To record the sale of treasury stock. </u></em>

c. Sold all remaining treasury shares on November 25 for $25 cash per share.

<u>Details Dr ($) Cr ($) </u>

Cash (4,375 × 25) 109,375

Paid-in Capital from Sale of Treasury Stock 6,750

Retained Earnings 15,125

Treasury Stock 99,000 (4,375 × 30) 131,250

<em><u> To record the sale of the remaining treasury shares </u></em>

Kindly note that there is a balance of $6,750 in the Treasury Stock Paid-in Capital account. Since it is utilized, the remaining deficit will show in Retained Earnings.

2. Prepare the stockholders' equity section after the October 11 treasury stock purchase.

<u>Details $ </u>

77,000 issued authorized common stock–$10 par value 770,000

Paid-in capital in excess of par value, common stock 241,000

Retained earnings 904,000

Treasury stock <u> (165,000)</u>

Total stockholders’ equity <u>1,750,000</u>

3 0

4 years ago

Electric, Inc. was incorporated on January 1, 2016. Electric issued 7 comma 000 shares of common stock and 1 comma 200 shares

marta [7]

Answer:

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

7 0

3 years ago

Country A can produce two goods: good X is labor-intensive and good Y is labor-intensive. As a result of international trade the

vekshin1

Answer:

Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

4 0

3 years ago

Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they

Tems11 [23]

Answer:

i don't thing i understand the question.

Explanation:

3 0

3 years ago

Intensive distribution is most likely to be used for Unsought goods. Convenience goods. Specialty goods. Shopping goods.

Volgvan

Answer:

The correct answer is letter "B": Convenience goods.

Explanation:

Intensive distribution is the act by which companies offer their products to as many stores as possible with the purpose of having the good available almost everywhere consumers go. This type of marketing strategy fits best with convenience goods such as grocery items, fuel or newspapers.

6 0

4 years ago