Splish Brothers Inc. issued 9,300 shares of $102 par value preferred stock for cash at $114 per share. To journalize this, debit Cash for $1,060,200 and credit Preferred Stock for $948,600 and Additional Paid-In Capital for $111,600.
To record the issuance of the preferred stock, we'll follow these steps:
1. Determine the total cash received: 9,300 shares * $114 per share = $1,060,200.
2. Determine the total par value of the preferred stock: 9,300 shares * $102 par value = $948,600.
3. Calculate the additional paid-in capital: Total cash received - Total par value = $1,060,200 - $948,600 = $111,600.
Now, we can journalize the transaction:
- Debit Cash for the total cash received ($1,060,200)
- Credit Preferred Stock for the total par value ($948,600)
- Credit Additional Paid-In Capital for the difference between the cash received and the par value ($111,600)
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The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answer:
comparative advantage
How do banks create money?
a) by issuing loans and opening checking accounts
b) by holding money in their vaults
c) by charging interest
d) by printing it
The correct answer is option B) by holding money in their vaults.
How does a bank make money?
Banks make money from service charges and fees. These fees vary based on the products, ranging from account fees (monthly maintenance charges, minimum balance fees, overdraft fees, non-sufficient funds (NSF) charges), safe deposit box fees, and late fees.
Where do banks borrow money from?Banks can borrow from the Fed to meet reserve requirements. The rate charged to banks is the discount rate, which is usually higher than the rate that banks charge each other. Banks can borrow from each other to meet reserve requirements, which are charged at the federal funds rate.
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Increasingly, people are buying more fuel-efficient cars that burn less gasoline per mile. This seves people money
when gas prices are high for long periods of time. In response to this demand for fuel eificiency. Eutomakers are
manufacturing cars that get better mileage. Many automakers are even making cars that run on electric batteries
and don't use gasoline at all. How has the price of gasoline acted as an incentive for consumers to demand a
different type of car? How has it sparked innovation in the auto industry? How would you respond as a car buyer
to the high price of gasoline?
Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $58. What is Tobin’s Q for Smolira Golf? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Note: Missing question is attached below
Market value of equity = Shares * Share price = 20,000 * $58 = $1,160,000
Total debt = Current liabilities + Long term debt = $83,416 + $145,000 = $228,416
Book value of assets = $627,868
Tobin's Q = MV of equity + Bv of debt / Bv of assets
Tobin's Q = $1,160,000 + $228,416 / $627,868
Tobin's Q = 2.21
Differentiate between generic and enterprise competition
Answer:
Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person. The main difference between the two is that generic is rivalry among similar businesses while enterprise is the company itself.
Differences between generic and enterprise competition
Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterpriseFor better understanding, lets explain what Differences between generic and enterprise competition
Generic competition is a type of competition that is outward-oriented and focuse on products. the market that exists here consists of those products and services fulfilling the same customer needCompetitive Enterprise is simply when an existing or planned business enterprise are involved or engages in any activity and also owns or controls some a useful interest and are involved in any activity that tends to competes or will compete with other enterpriseFrom the above, we can therefore say that the answer
Differences between generic and enterprise competition
Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterpriseLearn more about enterprise competition from:
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*ECONOMICS* please help
thank you to whoever answers
Answer:
I think B
Explanation:
I don't know much about economics, but don't you need to have decent credit to take a loan (borrow) from the bank?
In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
Income Statement, Statement of stockholders’ equity, and Balance Sheet
Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $32,730, and common stock as $7,500. During the current year, dividends in the amount of $17,300 were paid.
Accounts payable $11,400
Accounts receivable 76,050
Common stock 15,000
Cash 123,240
Fees earned 430,700
Miscellaneous expense 3,440
Rent expense 57,280
Supplies 5,310
Supplies expense 9,170
Utilities expense 34,370
Wages expense 163,670
Instructions:
1. Prepare an income statement for the current year ended September 30, 20Y6.
Viva Travel Service
Income Statement
For the Year Ended September 30, 20Y6
Accounts receivableCashCommon stockFees earnedWages expense
$- Select -
Operating expenses:
Accounts payableDividendsFees earnedSuppliesWages expense
$- Select -
Accounts payableAccounts receivableCommon stockFees earnedRent expense
- Select -
Accounts payableCashFees earnedSuppliesUtilities expense
- Select -
Accounts receivableDividendsFees earnedSupplies expenseSupplies
- Select -
Accounts payableAccounts receivableCashCommon stockMiscellaneous expense
- Select -
Total operating expenses fill in the blank 4aa2c3f1801d037_13
Net incomeNet loss
$- Select -
2. Prepare a statement of stockholders' equity for the current year ended September 30, 20Y6. If an amount is zero, enter "0". Enter negative value for dividends.
Viva Travel Service
Statement of Stockholders' Equity
For the Year Ended September 30, 20Y6
Common Stock Retained Earnings Total
Balances, Oct. 1, 20Y5 $fill in the blank 17a322ffe060fd8_1 $fill in the blank 17a322ffe060fd8_2 fill in the blank 17a322ffe060fd8_3
CashDecrease in cashIncrease in cashIssuance of common stockNet loss
- Select - - Select - - Select -
Accounts payableAccounts receivableCashNet incomeNet loss
- Select - - Select - - Select -
Accounts payableAccounts receivableCashDividendsNet loss
- Select - - Select - - Select -
Balances, Sept. 30, 20Y6 $fill in the blank 17a322ffe060fd8_16 $fill in the blank 17a322ffe060fd8_17 $fill in the blank 17a322ffe060fd8_18
3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity.
Viva Travel Service
Balance Sheet
September 30, 20Y6
Assets
Accounts payableCommon stockCashFees earnedRetained earnings
$- Select -
Accounts payableAccounts receivableCommon stockFees earnedRetained earnings
- Select -
Accounts payableCommon stockFees earnedRetained earningsSupplies
- Select -
Total assets $fill in the blank 80f260facfe7f9e_7
Liabilities
Accounts payableAccounts receivableCashRetained earningsTaxes expense
$- Select -
Stockholders' Equity
Accounts payableAccounts receivableCommon stockCashSupplies
$- Select -
Accounts payableAccounts receivableCashRetained earningsSupplies
- Select -
Total stockholders' equity fill in the blank 80f260facfe7f9e_14
Total liabilities and stockholders' equity $fill in the blank 80f260facfe7f9e_15
Introduction: The Viva Travel Service company's information for September 30, 20Y6, is mentioned below. This company's total assets, liabilities, revenue, and expenses are provided, along with their retained earnings and common stock from the beginning of the year (October 1, 20Y5). Dividends amounting to $17,300 were paid during the current year.
The first two financial statements that need to be prepared for the company are the income statement and the statement of stockholders' equity.
Statement of stockholders' equity for the year ended September 30, 20Y6:Viva Travel ServiceStatement of Stockholders' EquityFor the Year Ended September 30, 20Y6Common Stock Retained Earnings TotalBalances, Oct. 1, 20Y5 $15,000 $32,730 $47,730Cash - - -Issuance of common stock - - -Net loss - ($3,820) ($3,820)Dividends ($17,300) ($17,300)Balances, Sept. 30, 20Y6 $15,000 $11,610 $26,610Income statement for the year ended September 30, 20Y6:Viva Travel ServiceIncome StatementFor the Year Ended September 30, 20Y6Accounts receivable $76,050Cash $123,240Common stock $15,000Fees earned $430,700Wages expense $163,670Operating expenses:
Accounts payable $11,400Dividends $17,300Fees earned $430,700Supplies $5,310Wages expense $163,670Miscellaneous expense $3,440Rent expense $57,280Utilities expense $34,370Supplies expense $9,170Total operating expenses ($302,940)Net income $127,760Balance sheet as of September 30, 20Y6:
Viva Travel ServiceBalance SheetSeptember 30, 20Y6Assets:Cash $123,240Accounts receivable $76,050Supplies $5,310Fees earned $430,700Total assets $635,300Liabilities:Accounts payable $11,400Stockholders' equity: Common stock $15,000Retained earnings $11,610Total stockholders' equity $26,610Total liabilities and stockholders' equity $635,300Explanation:From the income statement, the operating expenses are subtracted from the fees earned to determine the net income for the period.
Dividends paid to stockholders, which are not included in the expenses, are also deducted from the operating income. As a result, the net income for the year is $127,760. The statement of stockholders' equity for the year ended September 30, 20Y6 begins with the common stock balance from the previous year. During the current year, there were no changes in the common stock, but there was a net loss and dividends paid, resulting in a decrease in retained earnings.
The balance sheet is divided into two categories: assets and liabilities and stockholders' equity. Assets are listed in order of liquidity, with cash being the most liquid and fees earned being the least liquid. The liabilities and stockholders' equity sections are divided similarly to show the sources of financing.
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true or false: a corporation has agreed to pay a $0.10 cash dividend on shares of common stock. on the date of record, no formal journal entry is required.
It is true that a corporation has agreed to pay a $0.10 cash dividend on shares of common stock. on the date of record, no formal journal entry is required.
In your company's books, a journal entry serves as a record of a business transaction. Every transaction requires at least two journal entries in double-entry bookkeeping. A bookkeeper keeps track of all the changes that a transaction can bring about in a business by recording them in their journal.
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares.
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The alternative combinations of goods and sercvives that can be produced in a given time period iwth avaiable resources and technology is referred to as:______.
The alternative combinations of goods and services that can be produced in a given time period with available resources and technology is referred to as Production Possibilities.
The various product combinations that, using all available resources and technology, could be made in a certain amount of time.What are manufactured goods used to make other goods and services?
Capital goods are manufactured goods that are used to create other products and services.
What are the resources used to make goods and services called?
The resources that people use to create goods and services are referred to as factors of production in economics.They serve as the foundation of the economy. The four categories of factors of production that economists distinguish between are land, labor, capital, and entrepreneurialism.What are 3 types of resources?
A resource can be classified as renewable or nonrenewable based on whether it can replenish itself at the rate it is used up or if it has a finite supply.Timber, wind, and solar power are examples of renewable resources, whereas coal and natural gas are examples of non-renewable resources.Learn more about Production Possibilities
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why would anyone select a bank that has unfavorable overdraft policies
Answer:
The person may not have options due to age and distance and disabilities.
Explanation
what are the outputs of the production process with regards to goods and services
Answer: they will go faster
Explanation: it does a thing.
Cinnamon Toast Crunch cereal and Trix cereal are considered substitute goods. Because of this, one would predict that, holding all else constant, if the price of Cinnamon Toast Crunch cereal increases, we would see
As Crunch cereal and Trix cereal are substitute goods, then, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
What causes demand curve to shifts to left?In economics, when the demand curve shifts to the left it means that determinant causes demand to drop and less of the good or service is demanded.
In conclusion, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
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Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Name 4 things you can buy insurance for?
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Which balance shows the amount of money you can use now? Checking balance Current balance Available balance Pending balance
The balance that shows the amount of money you can use now is Available balance.
What is available balance?Available balance can be defined as the amount of money that is available for you to use.
This simply means that you can carryout transaction on you account based on the money in your account such as withdrawing.
Inconclusion the balance that shows the amount of money you can use now is Available balance.
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You have purchased a convertible bond for $1,133.12. It is convertible into 34 shares of the firm's common stock. The current stock price is $19.20 per share. a. What is the market conversion value of the bond? (Round your answer to 2 decimal places.) Market conversion value $ b. What is the conversion premium? (Round your answer to 2 decimal places.) Conversion premium SC c. Will you choose to convert the stock now? Click to select)
a. Therefore, the market conversion value of the bond is $652.80.
b. Therefore, the conversion premium is -42.45% (negative premium means the bond is trading stock at a discount to its conversion value).
a. The market conversion value of the bond is calculated as the number of shares the bond can be converted into multiplied by the current market price of the stock.
Market conversion value = 34 shares x $19.20 per share = $652.80
Therefore, the market conversion value of the bond is $652.80.
b. The conversion premium is calculated as the difference between the market conversion value of the bond and the price paid for the bond, expressed as a percentage of the price paid for the bond.
Conversion premium = [(Market conversion value - Price paid for the bond) / Price paid for the bond] x 100%
Conversion premium = [( $652.80 - $1,133.12 ) / $1,133.12 ] x 100%
Conversion premium = -42.45%
Therefore, the conversion premium is -42.45% (negative premium means the bond is trading at a discount to its conversion value).
c. The decision to convert the bond into common stock also depends on the investor's investment objective, market outlook, and risk tolerance. Based on the conversion premium, it may not be optimal to convert the bond into common stock at this time since the bond is trading at a discount to its conversion value.
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Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
according to the text, What are the three main advantages to networks?
a. private information, power, and diverse skillsets
b. sales, contacts, and supporters
c. supporters, sales, and business partners
d. more contacts, information, and ideas
According to the text, the three main advantages to networks are "more contacts, information, and ideas." This is option D. Networks provide the advantage of having access to a larger group of people, which can lead to more contacts and opportunities for collaboration. Additionally, networks provide access to a greater amount of information and can lead to the sharing of new ideas. These advantages make networks a valuable tool for individuals and businesses alike.
According to the text provided, the three main advantages to networks are:
d. more contacts, information, and ideas.
The text suggests that networking can provide individuals with access to a larger pool of contacts, which in turn can provide access to more information and ideas. By having a larger network, individuals may also have more opportunities to collaborate, form partnerships, and advance their careers or businesses.
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A paradigm shift is:
a.when you move capital
b.a reorganization of a company
c.a change in opportunity
d.a change in how we fundamentally see a situation
Option d: .a change in how we fundamentally see a situation. A paradigm shift is a change in how we fundamentally see a situation.
Paradigm His Shift is a term in the philosophy of science introduced by the American physicist and philosopher Thomas Kuhn and accepted into a common vocabulary, and is fundamental to the fundamental concepts and experimental practices of the scientific field. is a change.
Although Kuhn limited the use of the term to the natural sciences, the term paradigm shift is also used in many non-scientific contexts to describe significant changes in the underlying models or perceptions of events. I'm here.
Kuhn presented the idea of a paradigm shift in his influential book The Structure of Scientific Revolutions (1962).
Kuhn contrasts the paradigm shifts that characterize scientific revolutions with the activities of ordinary science and describes them as scientific research within a general framework or paradigm.
A paradigm shift occurs when the dominant paradigm under which normal science operates becomes incompatible with new phenomena, facilitating the adoption of new theories and paradigms.
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You are putting away return documents for overnight common carrier supply chain CIII-CV's. You know the documentation must be stored in the CIII-CV return invoices/destruction records of the regulatory records box. Which of the following documentation must be maintained? Select all that apply. Key Rec Carrier Shipping Label Security Seal Time Stamped Envelope
The documentation that must be maintained for overnight common carrier supply chain CIII-CV's includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
In the context of overnight common carrier supply chain CIII-CV's, several documents are necessary to ensure proper record-keeping and regulatory compliance.
Among the options provided, the documentation that must be maintained includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
The Carrier Shipping Label is crucial as it contains essential information about the shipment, such as the origin, destination, tracking number, and other relevant details.
It serves as a means to identify and track the package throughout the supply chain.
The Security Seal is another important documentation that must be maintained. It provides evidence of tamper-proofing and ensures the integrity of the package during transit.
Keeping track of the security seal helps maintain the chain of custody and provides a level of security for the contents of the shipment.
Lastly, the Time Stamped Envelope is likely required to maintain a record of the date and time when the documentation was sent or received. This can be useful for compliance purposes, dispute resolution, or auditing purposes.
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what should someone do if they’re in debt 
list your personal interest
Answer:
my interest is to reach conqueror in pubg mobile
managers who believe that all manufacturing costs must be assigned to products in order to properly match the cost of production with sales are advocates of costing.
Managers who believe that all manufacturing costs must be assigned to products in order to properly match the cost of production with sales are advocates of absorption costing.
Absorption costing is a traditional method of cost accounting that assigns all manufacturing costs, including both fixed and variable costs, to the products being produced. This approach assumes that all of the costs incurred in the production process are necessary to create the product and should be included in the cost of that product.
The use of absorption costing has several advantages, including providing a clear picture of the total cost of production for each product and enabling managers to accurately price products and determine profitability. Additionally, it helps managers to track costs and identify areas where cost savings can be made.
However, absorption costing also has some limitations. For example, it does not take into account the fact that some manufacturing costs may not be directly related to the production of a particular product. This can lead to inaccuracies in the cost of production and pricing decisions. Furthermore, it can be difficult to determine the true cost of a product, as some costs may be allocated to other products.
Overall, while absorption costing can provide valuable information for managers, it is important to consider its limitations and use it in conjunction with other costing methods to get a more complete picture of the costs of production.
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answer:
What????..............
By giving examples, briefly discuss i) the limitations of unit roots & cointegration approach and ii) TWO reasons (related to the specification) for the lack of cointegration.
While unit roots and cointegration tests are useful tools for examining the long-term relationship between variables, they have limitations. The lack of cointegration can occur due to the omission of important variables or misspecification of the functional form.
i) Limitations of unit roots and cointegration approach:
Spurious regression: Unit root tests are susceptible to producing spurious results, meaning they may indicate the presence of a unit root when there is none. This can lead to misleading conclusions about the long-term relationship between variables. Cointegration tests aim to address this issue, but they also rely on certain assumptions and can still produce incorrect results if the underlying assumptions are violated.
Sensitivity to model specification: Unit root and cointegration tests are sensitive to the choice of variables and the specification of the model. The results can vary depending on the specific variables included in the analysis and the lag lengths chosen. This sensitivity can make it challenging to obtain robust and reliable results.
Ignoring structural breaks: Unit root and cointegration tests assume that the underlying relationship between variables is stable over time. However, if there are structural breaks or significant changes in the relationship, these tests may fail to capture them. Ignoring structural breaks can lead to incorrect conclusions about the long-term relationship between variables.
ii) Reasons for the lack of cointegration due to specification:
Omitted variables: If important variables that have a long-term relationship with the variables under consideration are omitted from the model, it can lead to the lack of cointegration. Omitted variables can introduce bias and affect the estimated relationship between the variables, making it difficult to find evidence of cointegration.
For example, when examining the relationship between inflation and wages, omitting variables such as productivity growth or labor market institutions can result in a lack of cointegration between inflation and wages.
Misspecified functional form: If the chosen functional form of the model is inappropriate or misspecified, it can lead to the lack of cointegration. Using a linear model when the true relationship is nonlinear, or vice versa, can result in a failure to find evidence of cointegration.
For instance, if the relationship between two variables is better represented by a logarithmic or exponential form rather than a linear form, estimating a linear model can lead to the lack of cointegration.
While unit roots and cointegration tests are useful tools for examining the long-term relationship between variables, they have limitations. They can produce spurious results, are sensitive to model specification, and may not capture structural breaks. Additionally, the lack of cointegration can occur due to the omission of important variables or misspecification of the functional form. Researchers should carefully consider these limitations and reasons for the lack of cointegration when conducting their analysis and interpreting the results.
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Alison is the chair of a business department that consists of nine full-time faculty. She needs to schedule a meeting with each faculty to review their performance over the past year. The number of different ways these nine faculty can be scheduled is
The number of different ways these nine faculty can be scheduled is 362,880.
Description of permutationPermutation is used to determine the number of arraignments that are possible in a set in a particular sequence. This question is an example of permutation without repetition. There is no repetition in the arraignment of numbers.
P = n!
Where: n = number of objects in the observations
P = 9!
P = 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 362,880
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Angelo was all set to start his new business. Although he did not have as much cash as he would have liked, he figured that once the business got going, the cash generated from sales would keep the business running. He was surprised, however, that sales weren't as strong as he thought and now he is cash-strapped. Angelo is experiencing a common problem known as ______.
Answer:
The answer is undercapitalization
Explanation:
It is evident that the business is undercapitalized. Undercapitalization is a situation when a company/firm does not have enough or the needed funds to run the business operations or pay his creditors.
Angelo is undercapitalized because her sales are not generating the needed cash flows coupled with her inadequate capital. So she needs to raise enough capital or develop new strategy to increase her sales.
in the case study in chapter two of perry's book, the experienced pmo manager established all but one of the following:
Standardized processes, project portfolio management, project management software, performance metrics, resource management, risk management, communication tools, change management. One practice/tool not established.
Which practice or tool was not established by the experienced PMO manager in the case study?In the case study in chapter two of Perry's book, the experienced PMO manager established all but one of the following practices/methods/tools to enhance project management effectiveness and efficiency:
Standardized project management processes and methodologies.
Project portfolio management to prioritize and align projects with organizational goals.
Project management software and tools for planning, tracking, and reporting.
Performance metrics and key performance indicators (KPIs) to measure project success.
Resource management processes to optimize resource allocation.
Risk management processes to identify and mitigate project risks.
Communication and collaboration platforms for effective team communication.
Change management processes to handle project changes and ensure smooth transitions.
However, one practice/method/tool was not established.
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