Trainor Sports recently issued 25,000 shares of its $12 par value common stock for $450,000. Which amounts represent legal capital and total paid-in capital, respectively

Answers

Answer 1

The amount that represents legal capital is $300,000 and the amount that represents total paid-in capital is $450,000.

The legal capital is the amount that is based on the par value or stated value of the common stock per share. For example, in this case, the par value per share is $12.

The legal capital is obtained as the sum of 25,000 shares x $12, which is $300,000.  The difference of $150,000 ($450,000 - $300,000) is the additional paid-in capital.

Thus, the total amount of $450,000 is the recently issued total paid-in capital for Trainor Sports.

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Answer 2

The amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

a. Legal fees

Using this formula

Legal capital=Number of shares× Per value

Let plug in the formula

Legal capital=25,000×$12

Legal capital=$300,000

b. The total paid-in capital is $450,000 reason being that $12 par value common stock was issued at cost of $450,000.

Inconclusion the amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

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Related Questions

why does having a higher deductible lower your insurance premiums?

Answers

Answer: That's because you're agreeing to take on more of the cost of the damage.

Explanation: the lower you set your deductible, the more you'll pay for car insurance, because you'll be paying less out of pocket. I think <3

why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy

Answers

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

Bagel, Inc. issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares.

Answers

Based on the information given the number of shares outstanding equals 45,000 shares.

Using this formula

Shares outstanding=Issued shares-Shares repurchased

Where:

Issued shares=50,000 shares

Shares repurchased=5,000 shares

Let plug in the formula

Shares outstanding=50,000-5,000

Shares outstanding=45,000 shares

Inconclusion the number of shares outstanding equals 45,000 shares.

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which tech company is named after a very large number

Answers

And the Answer is:

G o o g l e

of 4

On January 1, 2021, Gundy Enterprises purchases an office building for $195,000,

paying $45,000 down and borrowing the remaining $150,000, signing a 8%, 10-

year mortgage. Installment payments of $1,819.91 are due at the end of each month,

with the first payment due on January 31, 2021.

pok

2. Complete the first three rows of an amortization schedule. (Do not round intermediate

calculations. Round your final answers to 2 decimal places.)

int

ences

Decrease in

Date

Cash Paid

Interest

Expense

Carrying Value Carrying Value

1/1/2021

$ 150,000.00

1/31/2021

1,819.91

nnnnnnn

4040

< Prev

G2

5 6

7

of 7

Next >

Answers

Answer:

%You can answer that read your books or module you can find the answer

Explanation:

thank u bbb

Click this link to view O*NET’s Skills section for Secondary School Special Education Teachers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Secondary School Special Education Teachers? Check all that apply. instructing installation learning strategies repairing active listening technology design

Answers

Answer:

instructing

learning strategies

active listening

Explanation:

Answer:

Explanation:

instructing

learning strategies

active listening

if you are married with young children and make $75,000 per year, how much term life insurance should you have?

Answers

Answer:

you'd buy $1,275,000 in life insurance. With this amount of coverage, your beneficiary should be able to replace your income with interest and dividends earned from investing the life insurance proceeds make sure it covers 10 or 12 x more then whats already covered

Explanation:

a web retailer has received several negative social media reviews over the past few weeks due to missed shipments of product. which reason for why control is needed does this best demonstrate?

Answers

This situation shows that control is needed to discover irregularities and errors.

We can arrive at this answer because:

A well-established control that evaluates the functioning of a business is essential for the success of an enterprise.That's because the control allows all defective elements of any sector of the company, which may be presenting errors and irregularities, to be quickly detected.This allows these defects to be resolved and eliminated quickly, ensuring a smooth running of the project and high quality of service.

In this case, we can say that a good control system could have identified the problems with the shipments and solved the problem before the customers were dissatisfied.

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what do growth in standard of living, low unemployment, low inflation, and a sustainable balance of trade all share in common?

Answers

The thing that growth in standard of living, low unemployment, low inflation and sustainable balance of trade have in common is the main universal goals of macroeconomic policy.

Macroeconomic policy are those adopted economic policies which aims to ensures a stable economic environment that is conducive to bring strong and sustainable economic growth

So, the thing that growth in standard of living, low unemployment, low inflation and sustainable balance of trade have in common is the main universal goals of macroeconomic policy

Therefore, the Option A is correct.

Missing options includes "A.main universal goals of macroeconomic policy B. lack of diversity in undeveloped countries in the World C. microeconomic policy goals of developed countries D. microeconomic policy goals of undeveloped countries"

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periodic 3 m system meetings with department heads and the 3m system coordinator are chaired by what individual

Answers

A lot of programs have been set up that has been of great benefits to the world today. Periodic 3-M system meetings with department heads and the 3m system coordinator are chaired by the Executive Officer in regards to the 3-M program.

The Executive Officer in regards to the 3-M program is responsible for:

Having to brief the Commanding Officer at regular intervals on the status of 3-M. Chair periodic 3-M System meetings with Department Heads and the 3M System Coordinator Monitoring the operation of the 3-M System program to make sure there is compliance with current directives.

The 3M Impact program is known to be a win-win-win for all individuals involved in it.  There were 3 million participants who experience a challenging and rewarding development opportunity. This program help them to grow as leaders.

It also help them to build relationships with other people from around the globe and share their skills to make a positive difference in the world.

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under the direct write-off method of accounting for uncollectible accounts, bad debts expense is debited

Answers

Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

Bad Debts Expense refers to the portion of  account receivables that a firm has assumes not be recoverable from the debtor.

In conclusion, the Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

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Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as receivers. encoders. decoders. the target market. sources.

Answers

In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.

In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise

The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.

In conclusion, the consumers are called the receivers in a marketing communication process.

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John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If john pays back exactly $120, then the interest was.

Answers

Since john pays back the amount of $120, then, the interest is known as Simple interest.

The Simple interest is the easiest method of calculating an interest rate on a loan.

However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of time

Hence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.

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Type the correct answer in the box. Spell all words correctly. Which method of sales forecasting is this company using? A company wants industry experts as well as its junior and senior employees to complete a questionnaire. Because the company wants respondents to feel comfortable enough to answer the questions freely, it makes the questionnaire anonymous. This company is using the( blank) method of sales forecasting.​

Answers

Sorry for answering late not many people go onto this category. but the right answer would be "A Media Strategy"

The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to:

Answers

Answer:

Select the course of action

Explanation:

Because it’s the next step after collecting relevant information and evaluating each alternatives

The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to select the course of action.

What is the decision-making?

The process of deciding what to do involves identifying a problem, acquiring data, and weighing potential answers. The value of decision-making comes in how it aids you in selecting among many possibilities.

Group decision-making is preferable when there is sufficient time and the potential consequences of a choice are considerable since it allows the opportunity for all members to contribute their best ideas.

Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process. The best options are selected, and a course of action is decided.

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#SPJ2

The new chairman of the Ionian Central Bank (ICB) is preparing for her first board meeting. She is expected to recommend a monetary policy for the board to pursue. She decides to use the Taylor rule, which was originally developed for the U.S. Federal Reserve.

Answers

Based on the information given, the output gap of Ionia will be -4% while the inflation gap will be -1%.

This is an incomplete question, the complete question is to calculate the output gap and the inflation gap. Ionia's output gap will be:

= (Current GDP - Potential GDP) / 100

= (96 - 100) / 100

= -4%

Since the inflation is running at 2% but the chairman considers an inflation that is 3% as being reasonable,

The inflation gap will be:

= 2% - 3% = -1%

Therefore, the output and inflation gap will be -4% and -1%.

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fractional reserve lending"" what does this mean.

Answers

Answer:

It means that they lend a loan with a reserve that is less than the amount they lend.

Which application’s primary business benefits include sales forecasts, sales strategies, and marketing campaigns?.

Answers

There are different reasons people set up business. ERP system application’s primary business benefits include sales forecasts, sales strategies, and marketing campaigns.

ERP system is known to have the primary benefits such as Forecasting, planning, purchasing, material management, warehousing, inventory, and distribution.

ERP is simply known as Enterprise Resource Planning. It is simply a type of software or system used by a business organizations to plan and manage daily activities.

They daily activities includes supply chain, manufacturing, services, financials and other processes.  ERPs links all aspect of an firm.

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beneficiaries are responsible for of prescription costs

Answers

Answer:

In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:  

Monthly premiums

Annual deductible

Copayments or coinsurance

A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount

Explanation:

Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services

Answers

The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.

Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.

In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize

The medium which are most perfect for direct marketing channel includes through internet, digital media etc

In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.

Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.

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Using ________, measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collecteD)

Answers

Considering the measurements described above, it is believed that using "innovation accounting" measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.

This is based on the idea made by AI Ries, a renowned marketer who claimed that innovation accounting is a form of evaluation theory that is used to evaluate the difference made to the product and see if this difference is bringing the expected outcomes.

Innovation accounting is used to see beyond the conventional measures such as sales, profits, and return on investment.

Instead, it helps the business owners to examine assumptions about the business, like, sign-ups, and retention rates, etc.

Hence, in this case, it is concluded that the correct answer is "innovation accounting."

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k purchased a life insurance policy in 1986 which paid 10% interest in the early years of the policy. 20 years after the purchased, she received a notice from the insurer stating that the policy will soon terminate unless a much higher premium is paid because because of falling interest rates. this type of policy is known as a life policy

Answers

The above type of policy is known as a universal life insurance life policy.

What is universal life insurance?

Universal life insurance is a form of permanent insurance, which indicate that coverage can last throughout lifetime so long as premiums are paid. It is the cost of insurance that refers to the amount of money charged by the insurer to cover you.

The Universal Life Policy can be considered as a kind of permanent life insurance. Also, an individual is covered along with his/her life.

The universal life insurance policyholder can see the following:

The expense charges. The interest earned.Cost of insurance.

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have anyone seen the new resident evil welcome to raccoon city trailer if anyone answer this will get brianlist

Answers

Answer:

Explanation:

yup !! its so cool fr

bank of america’s provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. this document also states the bank’s other revenues and expenses for the time period.

Answers

The information such as interest expense, the interest that the bank paid depositors, interest income, etc illustrates the income statement

Income statement simply means a financial statement that shows the income and the expenditure of a company.

An income statement is also vital as it shows a business how profitable it was for a particular period. The information provided by the bank such as its interest expense, or the interest the bank paid depositors shows the income statement.

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Customers are more likely to tell their friends about negative experiences with companies than positive ones because:

Answers

There is more drama involved in unmet expectations.

The reason why customers are more likely to tell their friends about negative experiences with companies than positive ones is that humans often remember the hateful things said than the nice things

Also, when customers are satisfied with one's service, they rarely tell others. whereas an unsatisfied customer would tell others about his or her bad experience due to unmet expectations.

Logically, customers would have bigger impressions in their mind when they have bad experiences reason companies work on strengthening and improving their customer experience team.

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cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as

Answers

The cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as operating activities.

Operating activities has to the with transaction that are involved in the day to day running of a business.

Operating activities involve revenue and expense and it help to analyze a company revenue and expense.

Operating activities is vital during decision making as it enables the company to plan based on the amount of cash receipts from customers and cash payment for direct costs.  

Inconclusion  the cash receipts and cash payments are classified on the statement of cash flows as operating activities.

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NYSE MARKET DIARY
Yesterday Prev. Day
Advanced 577 827
Declined 1963 1757
Unchanged 455 388
Total Issues 2995 2972
New Highs 10 13
New Lows 91 78
Based on the information presented for both days, a technical analyst would conclude that the market:
A. is in a consolidation phase
B. breadth indicates a strong bullish trend
C. breadth indicates a strong bearish trend
D. is peaking and will soon enter a downturn

Answers

The answer to this is going to be b

Which elements exist in the completed assignment?
Check all that apply.
O a Birthdate field
all grade 12 students with a check mark in the
Active field
a Grade field between the Student Number and Last
Name fields
O an E-mail field
a Clip Art image attached to a customer field

Answers

Answer:

a Birthdate field

a Grade field between the Student Number and Last Name fields

Explanation:

edg 2022

At his sales firm, Angus tends to have a negative attitude and deflates his group members by being hostile toward their ideas and accomplishments. Angus fills the individualistic role of

Answers

Based on the way he acts towards his colleagues and the effect it has on them, we can infer that Angus is playing the role of Aggressor.

An aggressor:

Behaves in such a way as to dominate others and subjugate them Behaves in a hostile manner and are usually negative Aims to stir up conflict

In being hostile to his colleagues, Angus is trying to subjugate them and stir up negative feelings in the workplace which is what an aggressor would do.

We can therefore conclude that Angus is an aggressor.

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Performance measurement can focus on managing the objective, measurable results of a job or work group. Which result would best meet this criterion

Answers

Performance measurement is the quantifiable expression of information regarding the products and services that's essential to an organization.

You didn't provide the options, therefore, an overview of performance measurement will be given. Performance measurement simply means the process of collecting, analyzing, and reporting information regarding the performance of an organization.

Performance measurement can focus on managing the objective, measurable results of a job or work group. Examples of performance measurement include profit margin, productivity, cost, etc.

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