On June 30, Sharper Corporation’s stockholders’ equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock—$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 Paid-in capital in excess of par value, common stock 200,000 Retained earnings 660,000 Total stockholders’ equity $ 1,360,000 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split.

Answers

Answer 1

Answer:

(1) See below for the updated stockholders' equity section after the split.

(2) Number of shares outstanding after the split = 150,000

Explanation:

(1) Prepare the updated stockholders' equity section after the split.

A stock split occurs when a company's board of directors decides to raise the number of outstanding shares by issuing additional shares to present shareholders. With stock split, no fund will be generated but common stock par value will fall after the split to make the Common stock total value and Common stock paid-in capital in excess of par value to remain the same. Therefore, the updated stockholders' equity section after the split will be as follows:

Sharper Corporation

Stockholders’ Equity Section of the Balance Sheet

Jun 30

Details                                                                                     Amount ($)  

Common stock - $3.3333 par value, 120,000 shares

authorized, 150,000 shares issued and outstanding            500,000

Paid-in capital in excess of par value, common stock          200,000

Retained earnings                                                                   660,000

Total stockholders’ equity                                                    1,360,000

(2) Compute the number of shares outstanding after the split.

For a 3-for-1 stock split, we have:

Number of shares outstanding after the split = Number of shares outstanding before the split * 3 = 50,000 * 3 = 150,000

By implication, we have:

Common stock par value after the split = Common stock par value before the split / 3 = $10 / 3 = $3.3333 per share


Related Questions

Part II of the Lionbridge examination, Page Quality.

Answers

Answer:

part2 contains web page quality part.

Explanation:

the best way to pass the lionbridge exam is exceptional preparation with a sharp eye. you have to answer at least 80% of the questions correctly

Start Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock? Group of answer choices $60 per share $30,000 in total $50,000 in total $0.60 per share

Answers

Answer:

$30,000 in total

Explanation:

The annual dividend on preferred stock can be determined based on the dividend rate, in other words, the annual dividend is the dividend rate multiplied by the face value of the preferred stock as shown thus:

annual dividend on preferred stock=number of preferred shares outstanding*par value per share*dividend rate

number of preferred shares outstanding=5,000

par value per share=$100

dividend rate=6%

50,000 shares refer to the number of common stocks outstanding

annual dividend on preferred stock=5000*$100*6%

annual dividend on preferred stock=$30,000

dividend per share=$30000/5000=$6

Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year:
Direct materials used $ 5,300
Direct labor 7,300
Total factory overhead 5,400
Beginning work in process 3,300
Ending work in process 4,600
a. $18,000
b. $14,500
c. $16,700
d. $12,600
e. $19,300

Answers

Explanation:

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Widmer Company had gross wages of $187,000 during the week ended June 17. The amount of wages subject to social security tax was $168,300, while the amount of wages subject to federal and state unemployment taxes was $23,000. Tax rates are as follows:

Social security 6%
Medicare 1.5%
State unemployment 5.4%
Federal unemployment 0.8%

The total amount withheld from employee wages for federal taxes was $48,000.

Required:
a. Journalize the entry to record the payroll for the week of June 17.
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.

Answers

Answer:

a.

Date         Account Title                                                   Debit             Credit

June 17    Wages expense                                              $187,000

                Social Security tax payable                                                 $10,098

                Medicare tax payable                                                          $2,805

                 Employee Federal Income Tax payable                           $48,000

                 Wages payable                                                                  $126,097

Working

Social security = 6% * 168,300 = $10,098

Medicare = 1.5% * 187,000 = $2,805

b.

Date         Account Title                                                       Debit           Credit

June 17     Payroll Tax Expense                                       $14,329

                 Social Security tax payable                                                 $10,098

                Medicare tax payable                                                          $2,805

                State Unemployment tax payable                                       $1,242

                Federal Unemployment tax payable                                   $   184

Working

State Unemployment tax payable = 23,000 * 5.4% = $1,242

Federal Unemployment tax payable = 23,000 * 0.8% = $184

which is used as a tool for cost control in accounting​

Answers

Answer:

ratio analysis

Explanation:

If x follows a normal distribution with a mean of 10 and
standard deviation of 3; find out the following
A) Find the value of x = xº such that P(x 5 xº) = 5%
B) Find the value of x = xº such that P(x 2 x°) = 1%

Answers

Answer:

The answer is below

Explanation:

The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

[tex]z=\frac{x-\mu}{\sigma} \\\\where\ x=raw\ score, \mu=mean,\ \sigma=standard\ deviation[/tex]

a) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)

1 - P(z < z⁰) = 1%

P(z < z⁰) = 99%

z⁰ = 2.33

z° = (x° - μ)/σ

2.33 = (x° - 10)/3

x⁰ = 16.99

b) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)

1 - P(z < z⁰) = 10%

P(z < z⁰) = 90%

z⁰ = 1.28

z° = (x° - μ)/σ

1.28 = (x° - 10)/3

x⁰ = 13.84

c) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)

1 - P(z < z⁰) = 5%

P(z < z⁰) = 95%

z⁰ = 1.65

z° = (x° - μ)/σ

1.65 = (x° - 10)/3

x⁰ = 14.95

I need help with Accounting homework. I am not understanding it

Answers

Answer:

ok

Explanation:

send the home work we help you

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 7 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $7.20 per hour During July, the company produced 4,600 Maze toys. The toy's production data for the month are as follows: Direct materials: 80,000 microns were purchased at a cost of $0.30 per micron. 39,750 of these microns were still in inventory at the end of the month. Direct labor: 5,920 direct labor-hours were worked at a cost of $46,768.

Required:
1. Compute the following variances for July:
a. The materials price and quantity variances
Material price variance ______
Material quantity variance ______

b. The labor rate and efficiency variances.
Labor rate variance _____
Labor efficiency variance ______

Answers

Answer:

Results are below.

Explanation:

To calculate the direct material rate and quantity variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.32 - 0.3)*80,000

Direct material price variance= $1,600 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (7*4,600 - 40,250)*0.32

Direct material quantity variance= $2,576 unfavorable

To calculate the direct labor efficiency and rate variances, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1.2*4,600 - 5,920)*7.2

Direct labor time (efficiency) variance= $2,880 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (7.2 - 7.9)*5,920

Direct labor rate variance= $4,144 unfavorable

Actual rate= 46,768/5,920= $7.9

For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,816,000. Its useful life was estimated to be six years with a $224,000 residual value. At the beginning of 2021, Clinton decided to change to the straight-line method. The effect of this change on depreciation for each year is as follows:

Year Straight-Line Declining Balance Difference
2010 $400 $853 $453
2011 400 569 169
2012 400 379 (21)

$1,200 $1,801 $601

Required:
Prepare any 2018 journal entry related to the change.

Answers

Answer:

Debit Depreciation expense for $263,667

Credit Accumulated depreciation for $263,667

Explanation:

Note: There are some inconsistencies in the dates used in the question. These are therefore corrected before answering the question by presenting the complete question with the correct dates as follows:

For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,816,000. Its useful life was estimated to be six years with a $224,000 residual value. At the beginning of 2021, Clinton decided to change to the straight-line method. The effect of this change on depreciation for each year is as follows:

Year       Straight-Line         Declining Balance     Difference

2018             $400                         $853                     $453

2019               400                           569                        169

2020              400                           379                        (21)  

                  $1,200                        $1,801                     $601

Required:

Prepare any 2021 journal entry related to the change.

The explanation of the answer is now given as follows:

Before preparing the related journal entry, the annual straight-line depreciation for remaining 3 years is first calculated:

Details                                                                      Amount ($)

Asset’s cost at the beginning (given)                    2,816,000

Accumulated depreciation to date                       (1,801,000)    

Undepreciated cost                                                 1,015,000

Estimated residual value                                        (224,000)

To be depreciated over remaining 3 years             791,000  

Annual straight-line depreciation for remaining 3 years = $791,000/ 3 = $263,667

The 2021 journal entry related to the change will look as follows:

Account title                                          Debit ($)         Credit ($)    

Depreciation expense                           263,667

 To Accumulated depreciation                                    263,667

(To record 2021 depreciation expense.)                                        

Type the correct answer in the box. Spell all words correctly.
Which step of selling includes cold-calling?
Cold-calling is a part of the
step of selling
Rese

Answers

Answer:

Cold-calling is the prospecting step of selling.

Answer:

prospecting

Explanation:

plato gang

Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?A) BBB bonds usually have the lowest yields in the bond markets.B) US government bonds usually have the lowest yields in the bond markets.

Answers

Answer: US government bonds usually have the lowest yields in the bond markets.

Explanation:

Based on the understanding of bond ratings and bond-rating criteria, it should be noted that the US government bonds usually have the lowest yields in the bond markets.

The statement that "BBB bonds usually have the lowest yields in the bond markets" is incorrect.

Identify the events that relate to process gains. Event 1: A group of individuals who spend time together are seen as a group although their togetherness is not to achieve any goals. Event 2: A group of intelligent people work as a team to produce great results. Event 3: Two brilliant tennis players do not produce good results when they play as a team. Event 4: Workers produce more when they work in small groups.

Answers

Answer: Event 2: A group of intelligent people work as a team to produce great results.

Event 4: Workers produce more when they work in small groups.

Explanation:

Process gain occurs when groups work better than what is typically expected, based on the individuals who form the work.

The events relating to process gain include:

Event 2: A group of intelligent people work as a team to produce great results.

Event 4: Workers produce more when they work in small groups.

Other options such as event 1 and 4 are process loss.

Amazon Corporation owns machinery with a book value of $760,000. It is estimated that the machinery will generate future cash flows of $700,000. The machinery has a fair value of $560,000. Amazon should recognize a loss on impairment of:_______.

Answers

Answer: $200,000

Explanation:

The loss on impairment refers to the difference between the carrying or book value of an asset and the fair/ recoverable value of same.

Loss on impairment = Book value - Fair value

= 760,000 - 560,000

= $200,000

The value of the machinery would fall by $200,000 to tally it to its fair value.

outline two roles of Quality circles​

Answers

Answer:

A quality circle is a participatory management technique that lists employees in solving their own problems.

Explanation:

For reasons discussed below, quality circulation and the complete quality check, which were widely embraced in the 1980s, largely disappeared or underwent major transformations.

Originally Japanese managing and production techniques were linked with quality circles.

Circles of quality must be fully staffed by volunteers.

A representative of a different functional activity should be each participant.

Even if requests are trivial and expenses are difficult to deduct, the management must support the circle and finance it appropriately.

Members of the Circle must receive adequate problem-solving training.

In its own members, the circle must choose its own leader.

A firm has $1,500,000 in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in its relevant market. Instruction: Enter your responses rounded to two decimal places. a. What price does this firm charge its customers

Answers

Answer:

the price the firm charge its customers is $116.28

Explanation:

a. The computation of the price the firm charge its customers is given below:

Lerner index  = Price - marginal cost ÷ Price

0.57 = Price - $50 ÷ Price

0.57Price = Price - $50

0.43Price = $50

Price = $116.28

hence, the price the firm charge its customers is $116.28

The same should be considered and relevant

The personality and unique character of a group is best known as its ________ and includes the group's assumptions, values, beliefs, norms, ideologies, and the structure of its social, political, economic, and religious institutions.
A) group potency
B) group entitativity
C) group identity
D) culture

Answers

Answer:

d as its not any of the others and culture makes most sense

Explanation:

Company Baldwin invested $50,460,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $33,582,566 at 13.7% interest, and equity of $16,877,434. Depreciation is 15 years straight line. For this transaction alone which of the following statements are true?

a. Depreciation increased by $3,364,000.
b. Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $16,741,282, the difference between the investment $50,460,000 and the bond $33,718,718.
c. On the Balance sheet, Long Term Debt changed by $33,718,718.
d. Cash was pulled from retained earnings to cover the $16,741,282 difference between the plant purchase and bond issue.
e. Cash went down by $50,460,000 when the plant was purchased.
f. Buying the plant had no net effect on the Cash account, because the plant was paid for by the bond plus retained earnings.
g. Cash went up when the Bond was issued by $33,718,718.
h. On the Balance sheet, Plant & Equipment increased by $50,460,000.

Answers

Answer:

a. true

b. false

c. true

d. false

e. true

f. false

g. true

h. true

Explanation:

a. we solve for depreciation

$50,460,000/15

= $3364000

this is true

b. retained earnings have no roles to play in this option. false

c. The long term debt has been sen to chaange by

50460000-16741282

= $33718718

true

d. This is false retained earnings have no role to play here.

e. This is true because this is the amount that was used to purchase the plant

f. false since retained earning has nothing to do here.

g. this is true also. the face value of the bond is $33,718,718.

h. this is true. since palnt and equipment is $5046000

Paul consumes only books and DVDs. At his current consumption​ bundle, his marginal utility from DVDs is 21 and from books is 4 . Each DVD costs ​$11 ​, and each book costs ​$1 . Is he maximizing his​ utility? Explain. Let MU Subscript Upper B be the marginal utility of​ books, MU Subscript Upper D be the marginal utility from​ DVDs, Upper P Subscript Upper B be the price of​ books, Upper P Subscript Upper D be the price of​ DVDs, and MRS be the marginal rate of substitution. Paul is

Answers

Answer:

Paul is NOT maximizing his utility.

Explanation:

Given:

MU[tex]_{D}[/tex] = Marginal utility from DVDs = 21

MU[tex]_{B}[/tex] = Marginal utility from books = 4

P[tex]_{D}[/tex] = Price of DVDS = $11

P[tex]_{B}[/tex] = Price of books = $1

Under the utility maximization theory for two or more goods, utility is said to be maximized by a consumer when the ratios of the marginal utility to price per unit of each good are equal to each other. For this question, this implies that when we have:

MU[tex]_{D}[/tex] / P[tex]_{D}[/tex] = MU[tex]_{B}[/tex] / P[tex]_{B}[/tex] ………………………….. (1)

Therefore, we have:

MU[tex]_{D}[/tex] / P[tex]_{D}[/tex] = 21 / 11 = 1.91

MU[tex]_{B}[/tex] / P[tex]_{B}[/tex] = 4 / 1 = 4

Since 1.91 = MU[tex]_{D}[/tex] / P[tex]_{D}[/tex]  < MU[tex]_{B}[/tex] / P[tex]_{B}[/tex] = 4, this implies that these conditions are NOT consistent with equation (1). Therefore, Paul is NOT maximizing his utility.

In order to maximize his utility, Paul should consume more DVDs and consume less books until these conditions are consistent with equation (1).

Define Market failure

Answers

Answer:

MARKET FAILURE is defined as the economic situation in which there is inefficient distribution of goods and services.

hope it helps

have a nice day

Answer:

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.

Explanation:

•|۝ jess bregoli ۝|•

#keep learning!!

Which of the following non-GAAP disclosures is LEAST LIKELY to create variance between GAAP and non-GAAP operating income:
a. Goodwill impairment
b. Inventory write down
c. Currency loss from closing of a foreign subsidiary
d. Gain on sale of an asset

Answers

Answer: c. Currency loss from closing of a foreign subsidiary.

Explanation:

GAAP refers to the industry standard and it gives a clear view of the operations of a business from a financial point of view. On the other hand, the non-GAAP disclosure deviates from the industry standard and in such case, adjustments are made to show company's operations.

The non-GAAP disclosures which is least likely to create variance between GAAP and non-GAAP operating income is the currency loss from closing of a foreign subsidiary.

On March 15, 2017, Gilbert Construction contracted to build a shopping center at a contract price of $220 million. The schedule of expected (which equals actual) cash collections and contract costs follows:

Year Cash Collections Cost Incurred
2017 55 million $36 million
2018 88 million 81 million
2019 77 million 63 million
Total $220 million $180 million

Required:
a. Calculate the amount of revenue, expense, and net income for each of the three years 2017 through 2019, and for all three years combined, using the cost-to-cost revenue recognition method.
b. Discuss whether or not the cost-to-cost method provides a good measure of this construction com- pany's performance under the contract.

Answers

Answer:

a.                                                              2017          2018           2019

Expenses incurred for the year A     36 million   81 million    63 million

Estimated total cost B                       180 million  180 million  180 million

% Completion (A/B) C                               20%           45%           35%

Revenue recognized for the D          44 million   99 million   77 million

period (220 million * C)

Gross profit (D-A)                              $8 million  $18 million $14 million

b. Yes, the cost-to-cost method provides a good measure of this construction company's performance under the contract.

Big Ed's Electrical has a pure discount bond that comes due in one year and has a face value of $1,000. The risk-free rate of return is 4 percent. The assets of Big Ed's are expected to be worth either $800 or $1,300 in one year. Currently, these assets are worth $1,140. What is the current value of the debt of Big Ed's Electrical?
a) $222.46
b) $370.77
c) $514.28
d) $769.23
e) $917.54

Answers

Answer: $917.54

Explanation:

The current value of the debt of Big Ed's Electrical will be calculated thus:

First, we will calculate the present value which will be:

= $800 / (1 + 4%)

= $800 / ( 1 + 0.04)

= 800 / 1.04

= $769.23

The number of options that are needed

will be:

= (1300 - 800) / ( 300 - 0)

= 500 / 300

= 1.6667

Therefore,

1140 = ( number of option needed × Co) + Present value

1140 = (1.6667 × Co ) + 769.23

Co = (1140 - 769.23 ) / 1.6667

Co = 370.77 / 1.6667

Co = $222.46

Value of debt will now be:

= Current worth of assets - Co

= 1140 - 222.46

= 917.54

Therefore, the answer is $917.54

Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 11 percent, has a YTM of 9 percent, and has 11 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 9 percent, has a YTM of 11 percent, and also has 11 years to maturity. The bonds have a $1,000 par value. What is the price of each bond today

Answers

Answer:

Results are below.

Explanation:

To calculate the price of each bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond X:

Coupon= (0.11/2)*1,000= $55

YTM= 0.09/2= 0.045

Years to maturiy= 11 years

Bond Price​= 55*{[1 - (1.045^-11)] / 0.045} + [1,000/(1.045^11)]

Bond Price​= 469.1 + 616.2

Bond Price​= $1,085.3

Bond Y:

Coupon= (0.09/2)*1,000= $45

YTM= 0.11/2= 0.055

Years to maturiy= 11 years

Bond Price​= 45*{[1 - (1.055^-11)] / 0.055} + [1,000/(1.045^11)]5

Bond Price​= 364.16 + 554.91

Bond price= $919.07

A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?

I need help ASAP pleaseeee !!!

Answers

Explanation:

Explanation: The formula is ATC = AFC + AVC. Use this formula.

The following information is available for Trinkle Company for the month of June:

a. The unadjusted balance per the bank statement on June 30 was $56,193.
b. Deposits in transit on June 30 were $2,350.
c. A debit memo was included with the bank statement for a service charge of $8.
d. A $4,862 check written in June had not been paid by the bank.
e. The bank statement included a $600 credit memo for the collection of a note.
f. The principal of the note was $545, and the interest collected amounted to $55.

Required:
Determine the true cash balance as of June 30.

Answers

Answer:

Following are the solution the given question:

Explanation:

                                    [tex]\text{Trinkle Company}\\\\ \text{Bank Reconciliation Statement(Partly)}\\\\ \text{As on June 30}[/tex]

[tex]\text{Balance as per Bank statement} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$56,193\\\\\text{Add : deposit in transit} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$2,350\\\\[/tex]

                                                                          [tex]\$58,543[/tex]

[tex]\text{Less: Outstanding Checks} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$4,862\\\\\text{Adjusted Bank Balance} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$53,681\\\\[/tex]

[tex]\text{The true cash balance on June 30 is} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$53,681[/tex]

   

Agatha was a licensed loan originator when the housing market slowdown left her with little work. She accepted a job outside the mortgage field over three years ago, and her license expired. Now, Agatha wants to apply for a license again. One of the requirements Agatha must meet in order to be re-licensed is:

Answers

Answer: Providing proof that she completed all of the continuing education requirements for the year she last held a license.

Explanation:

Based on the information given, since the license of Agatha has expired, one of the requirements that she must meet in order to be re-licensed is to provide proof that she completed all of the continuing education requirements for the year she last held a license.

It should be noted that providing proof that she still meets the qualifications to be a mortgage loan originator or information that relates to her previous license isn't required.

The partnership of Butler, Osman, and Ward was formed several years ago as a local tax preparation firm. Two partners have reached retirement age, and the partners have decided to terminate operations and liquidate the business. Liquidation expenses of $43,000 are expected. The partnership balance sheet at the start of liquidation is as follows:

Cash $39,000 Liabilities $179,000
Accounts receivable 69,000 Butler, loan 39,000
Office equipment (net) 59,000 Butler, capital (25%) 95,000
Building (net) 155,000 Osman, capital (25%) 39,000
Land 145,000 Ward, capital (50%) 115,000
Total assets $467,000 Total liabilities and capital $467,000

Required:
Prepare a predistribution plan for this partnership

Answers

Answer:

Butler, Osman, and Ward Partnership

Predistribution Plan:

Total assets realized (assumed) $467,000

Less liquidation expenses               43,000

Liabilities                                         179,000

Butler, loan                                      39,000

Cash available for distribution  $206,000

Butler, capital (25%)                       84,250 ($95,000 - $10,750)

Osman, capital (25%)                    28,250 ($39,000 - $10,750)

Ward, capital (50%)                       93,500 ($115,000 - $21,500)

Explanation:

a) Data and Calculations:

Expected liquidation expenses = $43,000

Cash                             $39,000

Accounts receivable      69,000

Office equipment (net)  59,000

Building (net)                155,000

Land                             145,000

Total assets              $467,000

Liabilities                   $179,000

Butler, loan                  39,000

Butler, capital (25%)   95,000

Osman, capital (25%) 39,000

Ward, capital (50%)   115,000

Total liabilities and capital $467,000

Predistribution Plan:

Total assets realized (assumed) $467,000

Less liquidation expenses               43,000

Liabilities                                         179,000

Butler, loan                                      39,000

Cash available for distribution  $206,000

Butler, capital (25%)                       84,250 ($95,000 - $10,750)

Osman, capital (25%)                    28,250 ($39,000 - $10,750)

Ward, capital (50%)                       93,500 ($115,000 - $21,500)

b) Each partner will share in the liquidation expense according to their profits and losses sharing ratios.  This will reduce their capital account balances and show the net cash they will collect upon liquidation.  Note that this plan is based on the assumption that all the assets will be completely realized, that is, without any loss.

This trait of a successful entrepreneur is important for multi-tasking. energy
dedication
well-rounded leader
risk-taking

Answers

Answer:

energy

Explanation:

An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.

The following are five (5) characteristics of an entrepreneur;

1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.

2. Passionate: believing in a course and one's ability to achieve much more at a business.

3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.

4. Self-confident: he or she is bold and believes in his or her abilities to excel.

5. Well-rounded leader: it involves being compassionate, fun, organized and intelligent as a successful entrepreneur.

Energy can be defined as the ability (capacity) to do work.

Hence, energy is one of the traits of a successful entrepreneur and it is important for multi-tasking i.e performing multiple tasks at the same time.

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and to take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

Last Friday, you purchased a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, which will last three months for your family to use. To you, the big pack of toothpaste can be viewed as:________.A. Seasonal inventoryB. Cycle/Batch inventoryC. Pipeline inventoryD. Speculative inventory

Answers

Answer: Speculative inventory

Explanation:

Speculative inventory, is also called the anticipatory inventory, and this occurs when an inventory is purchased so that it can be held for future need. Therefore z buying it early then becomes a necessity.

Therefore, the situation whereby a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, was bought and will last three months for the family to use is referred to as speculative inventory.

Một doanh nghiệp sản suất hai loại hàng hóa là G1 và G2 , bán ra thị trường
với giá tương ứng là 70 USD và 50 USD. Tổng chi phí cho bởi

[tex]TC=Q1^{2} + Q1Q2 +Q2^{2}[/tex]

trong đó Q1 và Q2 lần lượt tương ứng là số lượng hàng hóa G1 và G2 . Tìm số lượng hàng hóa Q1 và Q2 để tối ưu lợi nhuận.

Answers

Answer:

Một doanh nghiệp sản suất hai loại hàng hóa là G1 và G2 , bán ra thị trường

với giá tương ứng là 70 USD và 50 USD. Tổng chi phí cho bởi

trong đó Q1 và Q2 lần lượt tương ứng là số lượng hàng hóa G1 và G2 . Tìm số lượng hàng hóa Q1 và Q2 để tối ưu lợi nhuận.

Explanation:

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