According to the question, the Pierre's basis in the property was $ 24,000. Market value and evaluated value are not the same as fair market value.
What do you mean by the fair market value?Fair market value (FMV) is the amount that a product would sell for on the open market if both the buyer and the seller were acting in their own best interests, were not subjected to excessive pressure, and were given a reasonable amount of time to complete the transaction.
Given these circumstances, the fair market value of an asset ought to be a reliable estimation of its value. Fair market value is used by insurance companies to calculate some claim settlements.
The prerequisites are that both parties have sufficient time to make an informed decision, are operating in their own best interests, and are not under any pressure to buy or sell.
Here,
Fair market value = $ 30,000
Suspended losses = $ 6,000
Basis in property = $ 30,000 - $ 6,000 = $ 24,000.
Therefore, according to the question, the Pierre's basis in the property was $ 24,000. Market value and evaluated value are not the same as fair market value.
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what two trends in the past decade have significantly influenced global marketing?
The two trends that have influenced global marketing over the past decade have been formal economic integration and free trade between nations.
Global marketing can be defined as a management strategy for organizations that also market their products and services in foreign countries.
Globalization has enabled formal economic integration and free trade between nations, and has created the possibility for companies to increase their profitability and market share.
As an example, we can mention the fast-food chain Mc Donalds, which has a presence almost all over the world, but which adapts its burgers according to local habits.
Therefore, a global company must adopt global marketing, that is, adapt to local customs, culture and preferences for the business to be successful.
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The monetary policy of jaune is controlled by the country's central bank known as the bank of jaune. the local unit of currency is the jaunian dollar. aggregate banking statistics show that collectively the banks of jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of jaunian treasury bonds. jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
The value of the money supply after banks adjust to the change in the reserve requirement is $6,875 million (option b)
Required Reserves = 220million
Excess Reserves = 55 million
Deposits = 5,500 million
In hold = 440 millions
Tazians prefer to use only demand deposits
and the bank has all of the money on deposit. Thus, the amount of money in circulation is 0.
Reserve Requirement = Required Reserves/deposit
=220/5500
=4%
Currency deposit ratio = 0%
Excess reserves to deposit ratio
= Excess Reserves / Deposits
= 55 /5,500
= 1%
Monetary base = Currency in circulation + Required reserves + Excess reserves
= 0 +220 + 55 = 275 million
If the Bank of Tazi changes the reserve
need ratio to 3% while maintaining the same level of excess reserves
Therefore total reserves Required = 3% + 1%
= 4%
Money Multiplier = 1 divide by 0.04 = 25
Therefore Money Supply = Monetary Base * Money Multiplier = $275 * 25
= $6,875 million
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The complete question is given below
The Monetary Policy of Jaune is controlled by the country's central bank known as the Bank of Jaune. The local unit of currency is the Jaunian dollar. Aggregate banking statistics show that collectively the banks of Jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of Jaunian Treasury bonds. Jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Refer to Scenario 29-1. Suppose that the Bank of Jaune changes the reserve requirement to 3 percent. Assuming that the banks still want to hold the same percentage of excess reserves what is the value of the money supply after banks adjust to the change in the reserve requirement?
a.
$7,175 million
b.
$6,875 million
c.
$7,875 million
d.
$1,375 million
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answer:
The value of Bond = $951.963
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate
Value of Bond = PV of interest + PV of RV
Th e PV of interest payment
A ×(1- (1+r)^(-n))/r
Interest payment = 10%× 1000 = 100
PV = 100× (1- 1.12^(-3))/0.1 = 240.183126
PV of redemption value
PV = RV× (1+r)^(-n)
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The value of Bond = $951.963
Time 0 1 2 3 Investment B -$1 million $550,000 $400,000 $325,000 The timeline of an investment is shown above. If the cost of capital is 8%, what is the profitability index of this investment? A. 0.110 B. 0.121 C. 0.275 D. 0.441 Question 2. What is the payback period of the investment shown above? 1 years 2 years 3 years 4 years
The profitability index of the investment is B) 0.121, and the payback period is 2 years.
The explanation of the calculations involved in finding these answers is given below:Calculation of Profitability IndexThe profitability index (PI) of an investment is the ratio of the present value of future cash flows to the initial investment. The formula for calculating the profitability index of a project is as follows:Profitability Index = (PV of Future Cash Flows / Initial Investment)
The PV of future cash flows can be found using the formula for the present value of an annuity. The present value of an annuity formula is:PVA = C x [(1 - (1 / (1 + r)n)) / r]Where:C = the cash inflow per periodn = the number of periodsr = the discount rateIn this case, the cash inflow is $550,000 in year 1, $400,000 in year 2, and $325,000 in year 3.
Therefore, the present value of future cash flows is:PVA = $550,000 x [(1 - (1 / (1 + 0.08)1)) / 0.08] + $400,000 x [(1 - (1 / (1 + 0.08)2)) / 0.08] + $325,000 x [(1 - (1 / (1 + 0.08)3)) / 0.08]PVA = $1,185,583.88Using the given timeline, the initial investment is -$1,000,000. Therefore, the profitability index of the in
vestment is:PI = $1,185,583.88 / -$1,000,000PI = 0.121Approximately, the profitability index of this investment is 0.121. Therefore, option B is correct.Calculation of Payback PeriodThe payback period of an investment is the time required for the cash inflows from the investment to equal the initial investment. The payback period formula is:Payback Period = Initial Investment / Annual Cash Inflow
The annual cash inflow is the same as the cash inflow per period, which is $550,000 in year 1, $400,000 in year 2, and $325,000 in year 3. Therefore, the annual cash inflow is $550,000.The initial investment is -$1,000,000.
Therefore, the payback period of the investment is:Payback Period = -$1,000,000 / $550,000Payback Period = 1.82 yearsThe payback period of the investment is 1.82 years, which is closer to 2 years. Therefore, option B is correct.
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discuss any five types of visual aids and you would use to enhance the quality of your presentation
Answer:
Following are some commonly used visual aids:
PowerPoint. Microsoft PowerPoint is probably the most commonly used visual aid for presentations as one can easily create attractive and professional presentations with it. ...
Whiteboards. ...
Video clips. ...
Charts and graphs. ...
Handouts. ...
Flip chart. ...
Props. ...
Overheads.
The blank______ of the sales plan can be done either with quantitative methods like a sales quota, or behavioral methods like customer satisfaction measures.
The evaluation of a sales plan can be done through quantitative methods like sales quotas or behavioral methods like customer satisfaction measures
The blank in the sentence refers to the "evaluation" of the sales plan. The evaluation of the sales plan is the process of assessing its effectiveness and performance. This evaluation can be done using quantitative methods, such as setting a sales quota, or behavioral methods, such as measuring customer satisfaction.
Quantitative methods involve setting specific sales targets or quotas that the sales team needs to achieve. These targets can be based on factors like revenue, units sold, or market share. The sales team's performance is then evaluated based on their ability to meet or exceed these targets.
On the other hand, behavioral methods involve measuring customer satisfaction and feedback to assess the success of the sales plan. This can be done through surveys, customer reviews, or by analyzing customer retention rates. By collecting and analyzing this data, businesses can determine whether the sales plan is effectively meeting customer needs and expectations.
In summary, the evaluation of a sales plan can be done through quantitative methods like sales quotas or behavioral methods like customer satisfaction measures. These evaluation methods help businesses assess the effectiveness and success of their sales strategies.
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You estimate your annual revenue to be 50,000 + 20,000y, where y is the number of years in business. What is your estimated revenue in 5 years?
Answer:
D.) 150,000
Explanation:
Multiply 20,000 by 5 =100,00 then add 50,000
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. solve the problem using quarters, as opposed to forecasting separate months.
The forecast of IV quarter using a three- quarter WMA is:
1031.25
The actual sales of recent quarter i.e., 3rd of present year is as below:
350 + 275 + 350 = 975
The actual sales of 2nd recent quarter is as below:
425 + 400 + 350 = 1175
The actual sales of 1st recent quarter is as below:
275 + 375 + 350 = 1000
Now, calculate the forecast of IV quarter using a three- quarter WMA as below,
Forecast for the quarter IV using WMA :
=> 0.5 × 975 + 0.25 × 1175 + 0.25× 1000
=> 487.5 + 293.75 + 250
=> 1031.25
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The given question is incomplete, complete question is:
Here are the data for the past 21 months for actual sales of a particular product:
LAST YEAR THIS YEAR January 300 275 February 400 375 March 425 350 April 450 425 May 400 400 June 460 350 July 400 350 August 300 275 September 375 350 October 500 November 550 December 500
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter .5, the second most recent .25, and the third .25. Solve the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)
Forecast for the fourth quarter
Potential employers search the Internet for information about job applicants. TRUE or FALSE
Answer:
True
Explanation:
a company had average total assets of $990,000. its gross sales were $1,122,000 and its net sales were $905,000. the company's total asset turnover equals:
The company's total asset turnover, which is 1.13, shows that it is making effective use of its assets to produce sales.
What is asset?A resource that belongs to a person or business and has a monetary worth is known as an asset. Examples include cash, stocks, bonds, real estate, machinery, intellectual property, and accounts receivable. Intangible assets like goodwill, brand awareness, and copyrights can also be considered assets. Current assets, which may be swiftly converted into cash, and long-term assets, which have a longer lifespan, are the two basic categories into which assets are traditionally separated.
Total Asset Turnover = Gross Sales / Average Total Assets
Total Asset Turnover = $1,122,000 / $990,000
Total Asset Turnover = 1.13
Total asset turnover is a metric for gauging how effectively a business uses its assets to drive revenue. It is computed by dividing the entire annual revenues of the company by the average annual total assets. In this instance, the company's gross revenues were $112,000 and its average total assets were $990,000. Accordingly, the company's total asset turnover is 1.13, which shows that it is making effective use of its assets to produce revenue.
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klljhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Answer:
lalalaallalalaaaaaaa
Explanation:
Answer:
KLLJHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHOPE THIS HELPS ......
prepare a double entry ledger entries January 3 took out of the cash till$50 and put into the business by cheque Jan 4 the proprietor put a further$5000 in to business by cheque .please I need it quick
Explanation:
In the first entry, $50 is taken out of the cash till and put into the business as drawings. The effect is a decrease in the cash balance and an increase in the drawings account.
In the second entry, the proprietor puts a further $5000 into the business by cheque. The effect is an increase in the capital account and an increase in the bank balance.
It's important to note that "Drawings" and "Capital" are the accounts used to record the personal transactions of the business owner in this case, it is assumed that the business is a proprietorship. Other forms of business may have different accounts to record the personal transactions of the owne
True or false ethnic struggles between civil wars erupted after europeans left, mainly due to the borders drawn by the colonial powers
True. Ethnic struggles and civil wars erupted in many African countries after Europeans left, mainly due to the borders that colonial powers had drawn. These borders often ignored traditional ethnic and cultural boundaries, creating artificial nation-states that forced disparate groups together. The colonial powers had divided Africa into territories according to their own interests, with little regard for the cultural and ethnic complexities of the continent.
After independence, African nations inherited these arbitrary borders, which often resulted in ethnic tensions and conflicts. Many of these tensions had been suppressed during colonial rule but resurfaced after independence when ethnic groups started demanding their rights. This led to numerous civil wars and ethnic struggles across the continent.
Examples of such conflicts include the Nigerian Civil War, which was fought between the Igbo people and the Nigerian government, and the Rwandan Genocide, which was sparked by ethnic tensions between the Hutu and Tutsi people. In both cases, colonial-era borders played a significant role in fueling the conflicts.
In conclusion, the borders drawn by colonial powers did contribute to ethnic struggles and civil wars that erupted after Europeans left Africa. These conflicts are a painful reminder of the legacy of colonialism and the challenges faced by newly independent African nations in forging cohesive and inclusive societies.
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I have some questions, here they are:
1. Should I tell my parents I'm adopted?
2. Does it take 18 months for twins to be born? Or 9?
3. If I eat myself will I get twice as big or disappear completely?
4.How am I sure I’m the real mom of my kid?
5.How far of a drive is it from Miami to Florida?
6.Why doesn’t the Earth fall down?
7.Is an egg a fruit or a vegetable?
8.If batman parents are died, then how was he born?
please answer these I really need to know
Answer: 1. You wouldn’t know that your adopted unless someone told you
2.9
3. Die and disappear
4. DNA test
5. Your in Florida
6. Gravitational cling
7. Neither
8. They died after he was born
Explanation:
how much will the apple corporation have to set aside each year to have $60,000 ten years from now? assume interest is at 10% compounded semiannually. (round your answer to the nearest cent.)
Future price (FV) is the price of a modern-day asset at a future date based on an assumed fee of growth.
The future fee is essential to traders and economic planners, as they use it to estimate how much an funding made today will be worth in the future.
How do I calculate future value?You can calculate future cost with compound interest the usage of this formula: future fee = existing value x (1 + activity rate)n. To calculate future value with easy interest, use this formula: future value = existing price x [1 + (interest fee x time)].
For example, if you make investments $1,000 in a financial savings account these days at a 2% annual hobby rate, it will be well worth $1,020 at the end of one year. Therefore, its future fee is $1,020.
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https://brainly.com/question/2549802#SPJ4True or False: Internal recruitment methods tend to achieve affirmative action goals.
False, Internal recruitment methods do not tend to achieve affirmative action goals. Internal recruitment methods, which involve hiring employees from within the organization, do not typically achieve affirmative action goals.
Affirmative action refers to policies and practices that aim to increase the representation of historically underrepresented groups in the workforce, such as women and minorities.
Internal recruitment can sometimes hinder affirmative action goals, as it relies on the existing employee pool. If an organization's current workforce lacks diversity, promoting or transferring employees internally will not improve representation.
To achieve affirmative action goals, organizations should focus on external recruitment strategies that target diverse talent, including job fairs, targeted advertising, and partnering with organizations that support underrepresented groups.
In summary, while internal recruitment has its benefits, such as familiarity with company culture and potential cost savings, it is not an effective method for achieving affirmative action goals.
Organizations seeking to increase diversity should consider implementing external recruitment strategies and addressing any systemic barriers that may hinder equal opportunities for all employees.
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Brink presents an alternative approach to estimate VaR for Fund Y. Fund Y has assets of USD 213 million. Brink's Historical VaR analysis indicates that Fund Y's average monthly return over the past 10 years is 1.16% with a monthly standard deviation of 2.51%. The 10 worst monthly returns during that period are shown in the Table 1 Table 1: Ten Worst Monthly Returns for Fund Y over the Past 10 Years Jul 2008 Aug Sep Sep Sep Dec Jun 2009 Oct Jun 2011 Aug 2008 2009 2011 2013 2008 2013 111.56% -10.87% -9.53% 8.47% 7.24% 6.92% 5.37% 4.71% -3.98% -2.72% 2008 13. Calculate the 5% monthly VaR (in %) for Fund Y using the analytical method. (2 Marks) a. -3.21% b. -2.98% c. -2.54% d. -4.68% 14. Calculate the 5% monthly VaR (in USD) for Fund Y using the analytical method. (2 Marks) a. -6.35 million b. -9.99 million c. -14.74 million d. -15.42 million 15. Calculate the 5% monthly VaR (in %) for Fund Y using the historical method. (2 Marks) a. -8.47% b. -7.24% c. -6.92% d. -5.37% 16. Calculate the 5% monthly VaR (in USD) for Fund Y using the historical method. Marks) a. -18.04 million b.-15.42 million c.-14.74 million d. -11.44 million
The borrower's payment for February 2007 was 30 credit limit days overdue. In February 2007, the borrower is 30 days late with the credit payments; otherwise, they are made on time. Paying for whatever you've bought with your credit card.
We also accept credit cards for mail-in or online orders. It's possible that your supplier will find themselves "in credit" with you if you pay your energy bill via direct debit, which means that they owe you money.
When using a Visa card to make a transaction, the user consents to repay the bank later; hence, the card is considered a form of credit. Credit can be given in cash or in other ways.
A unique The weight of chocolate chips in an 18-ounce package falls in the 27th percentile. Ahoy! chip cookies contain 190 chocolate chips.The middle 97% of X are found between the 1.5th percentile and the 98.5th percentile.
The "NORM.S.INV" function in Excel allows us to
The associated z-score for the 1.5th percentile is -2.17.
The z-score that represents the 98.5th percentile is 2.17. The X value for the 1.5th percentile is therefore X=p+zoX = 1262 + (-2.17 x 118)X 1006
And X=u+ zoX = 1262 + (2.17 x 118)X 1518 is the result that corresponds to the 98.5th percentile. The 1006 to 1518 chocolate chips that make up the middle 97% of a bag of chips Ahoy! constitute the bag's total chocolate chip content.
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Match the scenarios to the kind of brand extension that they represent.
Answer: the top two in brand and the fourth one in brand to, the rest in line
Explanation:
Answer: 100% Correct
Explanation:
Brand Extension:
A home appliance manufacturing company decides to manufacture furniture.
A sandwich making company decides to manufacture desserts.
An apparel manufacturing company decides to manufacture traveling suitcases.
Line Extension:
An electric gadget manufacturing company decides to manufacture home appliances
An apparel manufacturing company designs clothes for adults and decides to make kids clothes
A corn flakes manufacturing company decides to make rice flakes
Students will research using the internet what a typical day looks like for various types of workers (CEO, general and middle managers, custodians, etc.) in a business of their choice.
Students will develop a short presentation on their findings of how these different working groups are treated and respected and their responsibilities.
Be sure to relate it to the field of business and include requirements, if any, for the job.
The conclusion should include big takeaways from the student’s perspective of what they would change if they were in charge and how their perception has changed regarding the organization that they chose to research.
Answer:
For this presentation, I researched the typical day for various types of workers in a business and found interesting differences in how they are treated and respected in their respective positions.
First, let's look at CEOs. A typical day for a CEO can include attending board meetings, meeting with investors, setting company strategy, and representing the company in public events. CEOs are responsible for the overall success of the company and making important decisions that impact the entire organization. They are typically well-respected and compensated for their role.
Next, let's look at general and middle managers. These individuals are responsible for overseeing specific departments or teams within the organization. A typical day for a general or middle manager can include attending meetings with their team, reviewing performance metrics, and working with other managers to ensure the success of the organization. They are generally respected within their departments and have a good understanding of the day-to-day operations of the business.
Finally, let's look at custodians. A typical day for a custodian can include cleaning the office, restocking supplies, and ensuring the building is in good condition. While custodians may not have the same level of responsibility as CEOs or managers, they are still an important part of the organization and play a crucial role in maintaining a safe and clean work environment. Unfortunately, custodians are sometimes undervalued and may not receive the same level of respect as other positions in the organization.
In terms of job requirements, CEOs typically have extensive business experience and a strong track record of success. General and middle managers typically have a degree in business or a related field and experience in their specific industry. Custodians may not have any formal education requirements, but they should have good communication skills and be able to work independently.
In terms of big takeaways, it's clear that different positions within an organization require different levels of responsibility and expertise. However, it's important to remember that all positions are important and contribute to the overall success of the business. As a manager, I would strive to create a culture of respect and appreciation for all employees, regardless of their position. My perception of the importance of custodians has also changed, and I would ensure that they receive the respect and recognition they deserve for their important work.
Explanation:
It is the idea being transmitted by the sender to the receiver. It includes three aspects — content , structure and style
Answer:
decodes and feedback.
Explanation:
It is a message since it is written or recorded words or information sharing or ideas conveyed by the sender to the receiver. It includes information and communication, how important and useful information is, and can be read in order to understand it. The structure of a message is tone.
The Style includes how the sender composes and writes a message.
Message is the idea being transmitted.
A Message is a form of communication sent to a recipient who is not present physically and its can be in verbal, written or recorded form.
Message is one of the essential elements of communication process. The other process includes Sender, Encoding, Interference, Communication channel, Receiver, Decoding and Feedback
Roughly, there are 3 purposes for passing message
To inform people of certain subject.To persuade others to do one biddingTo builds one's goodwill.Learn more about Communication process here
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Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible
Answer:
Forward channel ally
Explanation:
The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.
It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.
Forward channel ally are the next steps in the distribution channel.
In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.
Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage
when there few close substitutes available for a good, demand tends to be
When there are few close substitutes available for a good, demand tends to be inelastic.
Inelastic demand means that the quantity demanded of the good does not change significantly in response to changes in price. When there are few substitutes, consumers have fewer options and are therefore less likely to switch to a different good if the price of the original good increases.
As a result, the demand for the original good remains relatively stable, even when the price changes. This type of demand is advantageous mainly because it offers stability in the market, since it is not very sensitive.
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camelot co. expects that bonuses for the year will be $100,000. the 12/31 entry will require a debit to the account in the amount of .
Camelot co. expects that bonuses for the year will be $100,000. the 12/31 entry will require a debit to the employee bonus expense account in the amount of 100,000.
An employee is a person who receives paid to work for someone or agency. people don't want to paintings complete time to be considered personnel—they clearly want to be paid to work through an organization (the character or business that pays them).
An example of a worker is a sales accomplice at a retail save. for the reason that worker ought to entire duties in an exact way, consisting of wearing a call badge and greeting the consumer with precise phrasing, the worker is taken into consideration an employee.
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changes made to a system to fix or enhance its functionality
Changes made to a system to fix or enhance its functionality are referred to as system modifications or system upgrades.
System modifications involve making adjustments, improvements, or corrections to a system in order to address issues, improve performance, add new features, or adapt to changing requirements. These changes can be made to software systems, hardware systems, or a combination of both.
System upgrades, on the other hand, typically involve replacing or updating components of a system to newer versions or technologies. This may involve upgrading software to a newer version, replacing hardware components with more advanced ones, or implementing additional modules or integrations to expand the system's capabilities.
Both system modifications and upgrades are important processes in maintaining and improving the functionality, efficiency, and effectiveness of a system, ensuring that it meets the evolving needs and expectations of users.
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Metlock, Inc. Had the following transactions during the current period.
Mar. 2 Issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,800 for services performed in helping the company to incorporate.
June 12 Issued 62,500 shares of $5 par value common stock for cash of $390,625.
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $112 per share.
Nov. 28 Purchased 2,500 shares of treasury stock for $100,000.
Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. )
Date Account Titles and Explanation Debit Credit
The transactions are Mar. 2: Legal Services Expense=$28,800, Common Stock=$ 24,000, Additional Paid-in Capital=$4,800 , June 12: Cash=$390,625, Common Stock=$312,500, Additional Paid-in Capital=$78,125 , July 11: Cash=$112,000, Preferred Stock=$100,000, Additional Paid-in Capital=$12,000, Nov. 28: Treasury Stock =$100,000, Cash= $100,000
On March 2, Metlock, Inc. issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,800 for services performed in helping the company to incorporate. The journal entry for this transaction is:
Debit: Legal Expense $28,800
Credit: Common Stock (4,800 shares x $5 par value) $24,000
Credit: Paid-in Capital in Excess of Par Value, Common Stock $4,800
On June 12, Metlock, Inc. issued 62,500 shares of $5 par value common stock for cash of $390,625. The journal entry for this transaction is:
Debit: Cash $390,625
Credit: Common Stock (62,500 shares x $5 par value) $312,500
Credit: Paid-in Capital in Excess of Par Value, Common Stock $78,125
On July 11, Metlock, Inc. issued 1,000 shares of $100 par value preferred stock for cash at $112 per share. The journal entry for this transaction is:
Debit: Cash $112,000
Credit: Preferred Stock (1,000 shares x $100 par value) $100,000
Credit: Paid-in Capital in Excess of Par Value, Preferred Stock $12,000
On November 28, Metlock, Inc. purchased 2,500 shares of treasury stock for $100,000. The journal entry for this transaction is:
Debit: Treasury Stock $100,000
Credit: Cash $100,000
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a company provided the following information on its financial statements for 2013: what is the company's accounts receivable turnover ratio for 2013? a. 2.06 b. 2.40 c. 2.88 d. 3.36
Answer:
To calculate the accounts receivable turnover ratio, we need to divide the net credit sales by the average accounts receivable balance.
The net credit sales for 2013 are given as $24,000, and we can calculate the average accounts receivable balance by adding the accounts receivable balance at the beginning of the year to the accounts receivable balance at the end of the year, and dividing by 2.
Beginning accounts receivable = $3,000
Ending accounts receivable = $4,500
Average accounts receivable = ($3,000 + $4,500) / 2 = $3,750
Now we can calculate the accounts receivable turnover ratio as:
Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
Accounts receivable turnover ratio = $24,000 / $3,750
Accounts receivable turnover ratio = 6.4
Therefore, the company's accounts receivable turnover ratio for 2013 is not one of the options provided. It is 6.4.
Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?
Answer:
HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality
Explanation:
a manager believes his firm will earn a return of 20.80 percent next year. his firm has a beta of 1.75, the expected return on the market is 12.40 percent, and the risk-free rate is 2.40 percent. compute the return the firm should earn given its level of risk. note: round your answer to 2 decimal places. determine whether the manager is saying the firm is undervalued or overvalued.
a manager believes his firm will earn a return of 20.80 percent next year. his firm has a beta of 1.75, the expected return on the market is 12.40 percent, and the risk-free rate is 2.40 percent.
Required return:19.9 % the firm should earn given its level of risk and the firm is overvalued.
The anticipated profit or loss on an investment with known historical return rates is known as the expected return (RoR). It is determined by dividing possible results by the likelihood that they will occur, adding the results, and then subtracting the results.
The expected return is typically based on historical data, thus it cannot be guaranteed for the future, but it frequently sets realistic expectations. As a result, the expected return amount can be viewed as a long-term weighted average of past returns.
A risk's or risk combination's magnitude is expressed in terms of the combination of outcomes and the likelihood of those consequences.
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If the market price moves from one point on a demand curve to another point on the curve what has happened to the market demand?
1.The total market demand has been adjusted by a change
2.The total market demand has increased.
3. The total market demand has decreased.
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4. The total market demand has not changed
the demand has been adjusted by a change in supply
Answer:
4. The total market demand has not changed
the demand has been adjusted by a change in supply
Explanation:
Movement along a demand curve results from changes in the price of the product. Supply influences price change. Movement along a demand curve means the quantity demanded has increased or decreased due to a price change.
A total change in demand is when the quantity demanded changes at all prices. Changes in customers' preferences or a change in the prices of compliment or supplement products make the entire demand change.
A shift in the demand curve demonstrates a total chan
consumers will often pay more for a product that has a premium image attached to it by advertising.
Yes, consumers are willing to pay more for products that have a premium image attached to them through advertising.
Advertising plays a crucial role in creating brand image and perception in the minds of consumers. Companies invest significant resources in creating a premium image for their products through advertising campaigns that promote quality, exclusivity, and superiority. Such advertisements often showcase high-end features, luxurious packaging, and celebrity endorsements, which give consumers the impression that the product is of higher quality than its competitors.
As a result, consumers are willing to pay more for products that have a premium image attached to them by advertising. They perceive such products to be of superior quality, and their purchasing decisions are often influenced by the perception of the brand rather than the actual product features. In other words, consumers are willing to pay a premium price for a product if they believe it is of higher quality, even if the actual product features do not differ significantly from those of its competitors.
To conclude, advertising plays a crucial role in creating a premium image for products, and consumers are willing to pay more for products that have such an image attached to them. This underscores the importance of creating a strong brand image through advertising campaigns and establishing a loyal customer base that values the brand image.
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