Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of Flagler stock have been issued?a. 170,000.b. 150,000.c. 320,000.d. It cannot be determined

Answers

Answer 1

Answer: a. 170,000

Explanation:

To find the number of shares issued;

= Common stock / Par value

= 1,190,000/7

= 170,000 shares


Related Questions

the contractor is performing exceptionally, especially Sally, How do you as the COR recognize Sally's accomplishments?

Answers

You need to add more information for the contractor

As the Contracting Officer's Representative (COR), there are several ways you can recognize Sally's accomplishments and show appreciation for her exceptional performance. Here are a few suggestions:

Verbal recognition: Personally acknowledge Sally's achievements by expressing your appreciation directly.

Written commendation: Prepare a formal letter or email addressed to Sally, expressing your recognition and gratitude for her exceptional performance.

Public recognition: Take the opportunity to publicly recognize Sally's accomplishments during team meetings, project updates, or other appropriate forums.

Award or certificate: Consider presenting Sally with an award or certificate to commemorate her exceptional performance.

Additional responsibilities or growth opportunities: Acknowledge Sally's outstanding work by offering her new responsibilities or opportunities for professional growth.

Informing her superiors: Ensure Sally's supervisors or higher-level management are aware of her exceptional performance.

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An investment project has annual cash inflows of $4,600, $3,700, $4,900, and $4,100, for the next four years, respectively. The discount rate is 13 percent. What is the discounted payback period for these cash flows if the initial cost is $5,500

Answers

Answer:

the discount payback period is 1.49 year

Explanation:

The computation of the discount payback period is as follows;

= 1 year + ($5,500 - $4,078.80) ÷ ($2,897.64)

= 1 year + ($1,421.20) ÷ ($2,897.64)

= 1 year + 0.49 years

= 1.49 year

Hence, the discount payback period is 1.49 year

The working note regarding the cash flows are to be shown in the attachment

Security markets provide liquidity:________

a. by allowing corporations to raise funds by buying new issues.
b. by creating a market in which owners may easily turn an investment into cash through a purchase.
c. by allowing corporations to raise funds by selling new issues and by creating a market in which owners may easily turn an investment into cash through its sale.
d. none of these options are correct.

Answers

Answer:

C. by allowing corporations to raise funds by selling new issues and by creating a market in which owners may easily turn an investment into cash through its sale

Explanation:

Naturally, a security market is seen to permit you do more with your actual savings within your saving periods. It is seen to aid over the counter trading which is seen to occur directly between the trader and the broker. In certain cases that can be termed marketable securities, it is seen to occur due to the maturities are seen to tend to be less than one year; and at such, the buyer/broker rates at which they can be bought or sold have little effect on prices.

Security markets provide liquidity by allowing corporations to raise funds by selling new issues and by creating a market in which owners may easily turn an investment into cash through its sale. Thus, option C is appropriate.

Based on supply and demand, securities can be purchased and sold between participants in the economy on the security market, which is a subset of the larger financial market.

Liquidity for securities markets is a measure of how easily security can be traded. Brokers frequently strive for high liquidity because it enables consumers to buy or sell the securities underneath without worrying about whether such securities are available for sale.

A securities market serves as a tool within an economy to raise fresh money, convert real assets into financial assets, and set prices that will strike a balance between supply and demand.

Thus, option C is correct.

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Between 1890 and 1914, the gold stock of the world _______________ and world prices (in general) Question 9 options:

Answers

Answer:

Doubled; increased.

Explanation:

Gold is a chemical element and it is the element 79 on the periodic table. Thus, it has an atomic number of 79. The chemical symbol for Gold is Au, it is chemically classified as a transition metal and as a solid at room temperature.

Generally, the chemical element Gold is known to be malleable, ductile and a good conductor of electricity and heat. Also, it is a non-toxic chemical element with a beautiful lustrous sheen.

For a very long time, gold has been of great economical value to people across the world and as such was considered a commodity money. Also, it was used for making jewelries, ornaments, house accessories etc.

A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds,

Between 1890 and 1914, the gold stock of the world doubled and world prices (in general) increased.

Fortune Inc. has budgeted sales for June and July at $680,000 and $720,000, respectively. Sales are 80% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the accounts receivable balance on July 31?

Answers

Answer: $172,800

Explanation:

Accounts receivable balance records those who still owe the company.

July accounts receivable balance = 30% of credit sales in July.

Credit sales in July = 80% * 720,000

= $576,000

Accounts receivable at end of July = 576,000 * 30%

= $172,800

Barbara's employer offers health coverage to its employees. However, Barbara feels it is unaffordable and wants to apply for a health insurance premium tax credit. In order for the coverage to be deemed unaffordable in 2020, Barbara's self-only premium must exceed ___% of her household income.

Answers

Answer:

9.83%

Explanation:

If the health insurance premium represents 9.83% of Barbara's income or less, it is considered affordable coverage. Only if it exceeds the 9.83% threshold, will Barbara be able to request a health insurance premium tax credit. Theoretically, if Barbara's health insurance was purchased in the Health Insurance Marketplace, the tax credit should be automatic and her premium should be lowered so that it can become affordable.

A young college student was making a purchase at her local department store. The clerk suggested that she would get an additional 15% off the purchase price if she would sign up for a store credit card. Which of the following statements discusses how a personal finance expert might view this incentive?

a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.
b. An expert would advise you that the more credit cards you hold, the better your credit rating will be with the three major credit rating companies. Actuaries average the opinions of each credit card company to determine your score.
c. A personal finance expert would encourage her to take the incentive, particularly if interest rates on the card remain below 20%.
d. A personal finance expert would advise a college student to always take this incentive seriously because it is like trade credit for businesses

Answers

Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.

Explanation:

Even though financial advice is usually tailormade for the individual, a financial expert would most likely give this advice to a student because students are indeed vulnerable to such tactics.

They would be more prone to spend more in the store as a result of the credit card and this will lead to them being unable to pay off balances which will then lead to them paying much more than the original price they would have paid.

An investor pays $63.00 per share for stock in a given REIT. The REIT declares a dividend of $4.00 per share and has an EPS of $2.37. Considering the recovery of capital (ROC), what is the new cost basis of the stock acquired by the investor

Answers

Answer:

$61.37

Explanation:

Calculation for the new cost basis of the stock acquired by the investor

Using this formula

New cost basis=Stock-Dividend+EPS

Let plug in the formula

New cost basis=$63.00-$4.00+$2.37

New cost basis=$61.37

Therefore the new cost basis of the stock acquired by the investor will be $61.37

which of the following is true of the cash method of accounting?

A. It's only available to C corporations with sales over $5 million.

B. A sale is entered into the books when the invoice is generated.

C. You pay taxes on revenue before you actually receive it.

D. Recording of income can be put off until the next tax year when the income is actually received.​

Answers

Answer:

D. Recording of income can be put off until the next tax year when the income is actually received.​

Explanation:

The cash accounting system is one of the two accounting in use. The other one being the accrual method.

In cash accounting, revenues and expenses are recognized or recorded only when money changes hands. It means that transactions will be recognized in the period when the money is received or paid. Revenue will be recorded when money is received, and expenses will be recognized when payments are made. Practically, transactions from a previous period can be recognized in the following year when money is received.

Answer: Recording of income can be put off until the next tax year when the income is actually received.

Explanation: took the test

Read the following scenario:
The community of Springfield (population approximately 100,000) is made up of hardworking, mostly older, factory laborers who contributed to both the city and county growth from the late 1950s through early 2005. Since the plant closed, many of the former workers have little to look forward to. There are few jobs available and they are now aging; most are 60 years of age or older.
The Memorial Hospital has been in existence since the mid-1950s and has several primary care physicians and nurse practitioners, a couple of general surgeons, and one cardiologist, but no cardiac surgeons.
Many nurses are recruited from the nearby community college, and the hospital serves as the facility for clinical rounds in their education.
The community is pretty sedentary, with the exception of an occasional game of horseshoes. Cigarette smoking is prominent.
Serious concerns surround the continued existence of the hospital because many residents seek and obtain health care services elsewhere.
Compare the population of this city to other problem areas using the Healthy People sources. The town’s population is approximately 100,000, making the comparison fairly straightforward.

Answers

Answer:

just need points sorry

Explanation:

Koovuq131 is a division of a large corporation. Data concerning the most recent period appears below:

Sales $18,120,000
Net operating income $1,177,800
Average operating assets $4,450,000

What is Koovuq131's margin (closest to)?

Answers

Answer:

0.065

Explanation:

Koovuq131 has sales of $18,120,000

The net operating income is $1,177,800

The average operating assets is $4,450,000

Therefore the margin can be calculated as follows

= Net operating income/sales

= 1,177,800/18,120,000

= 0.065

Hence the margin is closest to 0.065

Imagine that in the frame of Azerbaijan National Football Championship Nefthci and Karabakh football teams will have a match in “Shafa Stadium” 31st December 2021. Assume that the stadium has 10,000 seats available and number of seats is fixed. To increase the tax revenue, government authorities impose tax on buyers (fans) at the amount of $2 per seat. Please, explain who will pay the tax by graphic illustration and logical justification. Keep in mind that the stadium is a private property.

Answers

Answer:

The fans as they purchase tickets

Explanation:

The government has imposed a $2 tax per seat. The stadium management will increase the price of tickets per seat by at least $2. It means the customers (fans) will pay an extra amount per seat to cater for the taxes.  

The stadium management will act as a tax intermediary. They will collect the $2 per seat tax from the ticket sales and remit it to the government.

g in the long run why will investors keep their money invested in the firm even when profit is zero

Answers

Answer: Economic profit covers implicit costs as well.

Explanation:

Economic profit and Accounting profits are two different things. Economic profit accounts for both explicit costs (operating costs) and implicit costs (opportunity costs) while Accounting profit accounts for only explicit costs.

When economic profit is zero therefore, it means that the firm is still covering the implicit costs so they will not be enticed to divest because their opportunity costs are being taken care.

It would therefore be wise to stay invested as this shows that this alternative is the best out of the other alternatives.

A context analysis helps to separate a system from its surroundings/environment; it helps to highlight relevant subsystems, elements, and parts that affect a system whole and its requirements. Two of the processes need to establish the system context are the system border process and the _____. diagramming process fight or flight process socialization process context border process.

Answers

Answer: context border process

Explanation: the context border process and the system border process are the two processes needed to establish the system context which helps to separate the system from its environment and to highlight particularly, those parts which are relevant and affect the requirements of the system.

Where the system border helps determine which aspects will be covered by the new system (the systems scope) and which aspects are part of the environment, the context border determines the border of the context to the irrelevant reality by analysing which parts of the environment have a relationship with the new system such as external systems, existing processes, events and actions or legal definitions, stakeholders etc.

When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is:

Answers

Answer: All three methods result in the same amount of total depreciation

Explanation:

Depreciation is when the value of an asset has been reduced because the asset has been used or due to wear and tear.

When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is the straight line method, the double declining balance method, and the activity method.

Therefore, option the answer will be that "all three methods result in the same amount of total depreciation". This is because the amount charged for depreciation can not exceed the cost involved and will be identical for the three methods

Saying that Risk and Return go hand in hand, tells us that you ________ as the length of the investment horizon ________." A. can afford to take on additional risk; increases B. can afford to take on additional risk; decreases C. should never take on additional risk; increases D. should always take on additional risk; decreases

Answers

Answer:

A. can afford to take on additional risk; increases

Explanation:

Saying that Risk and Return go hand in hand, tells us that you can afford to take additional risk as the length of the investment horizon increases. Increasing the length of the investment horizon increases the ability to take on additional risk because in the long run the investment pays off while it may be choppy in the short time horizon.

A stock paying $5 in annual dividends currently sells for $80 and has an expected return of 14%. What might investors expect to pay for the stock one year from now after the next dividend has been paid

Answers

Answer:

$86.20

Explanation:

Total return from stock = Current price * expected return

Total return from stock = 80*14%

Total return from stock = $11.20

Dividend already realized = $5

Capital gain = $11.20 - $5

Capital gain = $6.20

End of one year price = Beginning price + capital gain

End of one year price = $80 + $6.20

End of one year price = $86.20

Therefore, at the end of one year price is $86.20

You make an initial deposit of $46.82 in a checking account. In addition, you deposit your paycheck of $78.36 at the end of the week. You write checks for $16.93, $26.25, $9.27, and $12.58. Your bank service charge is $6.95 per month. How much will you have in your account at the end of the month?

Answers

Answer:

The amount you will have in your account at the end of the month is $53.20.

Explanation:

This can be calculated using the following simple formula:

Month end account balance = Initial deposit + Additional deposit - Sum of checks written - Bank service charge per month ................ (1)

Where;

Initial deposit = $46.82

Additional deposit = $78.36

Sum of checks written = $16.93 + $26.25 + $9.27 + $12.58 = $65.03

Bank service charge per month = $6.95

Month end account balance = $46.82 + $78.36 - $65.03 - $6.95

Month end account balance = $53.20

Therefore, the amount you will have in your account at the end of the month is $53.20.

The adjusted tabular summary of Warbocks Corporation at December 31, 2022 includes the following accounts: Retained Earnings $12,600; Dividends $5,000; Service Revenue $30,000; Salaries and Wages Expense $15,000; Insurance Expense $2,000; Rent Expense $4,500; Supplies Expense $500; and Depreciation Expense $1,000. Prepare a retained earnings statement for the year.

Answers

Answer:

First calculate Net Income;

= Service revenue - Salaries and Wages Expense - Insurance Expense - Rent Expense - Supplies Expense - Depreciation Expense

= 30,000 - 15,000 - 2,000 - 4,500 - 500 - 1,000

= $7,000

                           Statement of Retained Earnings

Beginning Balance                                        $12,600

Add: Net Income                                           $ 7,000

                                                                       $19,600

Less: Dividends                                              $5,000

Closing Balance                                             $14,600

As illustrated in the opening case for Dess textbook Chapter 10, Boeing lost a lot of control and therefore incurred high operating costs for its build out of the 787 Dreamliner, because it ________________________ design and manufacturing. Group of answer choices on-shored internalized outsourced internationalized

Answers

Answer:

c.

Explanation:

It is a very prestigious project for the company which involved suppliers and manufactures from many countries to work for the project. Though the project started with the aim of low budget, it went high by the end because of this outsourcing and large number of people working on the project.

Krepps Corporation produces a single product. Last year, Krepps manufactured 35,040 units and sold 29,600 units. Production costs for the year were as follows: Under absorption costing, the ending inventory for the year would be valued at:

Answers

Answer:

Ending Inventory will be valued at $171,604

Explanation:

Your question was incomplete, I have attached the full question as an image below.

Ending Inventory = Total manufacturing cost × Ending  Inventory / Units Manufactured

where,

Total Manufacturing Cost Calculation :

Direct materials                             $266,304

Direct labor                                        $157,680

Variable manufacturing overhead   $297,840

Fixed manufacturing overhead     $385,440

Total Manufacturing Cost                 $1,107,264

Ending Inventory = $1,107,264 × (35,040 units - 29,600 units) / 35,040 units

                             = $171,604

Therefore, ending Inventory will be valued at $171,604

Suppose that inflation is 2%. According to the data given in the article, what is the new real rate of interest on a 30-year mortgage

Answers

Answer:

1.56%

Explanation:

Note: The full question is attached as picture below

Real rate is the excess of nominal rate over inflation rate. (i.e Nominal rate - Inflation rate).  So, the new real rate of interest on the 30-year mortgage = Nominal rate - Inflation rate = 3.56% - 2% = 1.56%

happy new year’s eve and Merry christmas everyone I hope y’all got excellent presents

Answers

Thank you! Happy New Year’s Eve

Geoffrey is an employee of Adreez Inc. What percentage of his gross pay will the company deduct for the Medicare tax?
A.
1.45 percent
B.
2 percent
C.
2.45 percent
D.
3 percent
E.
3.5 percent

Answers

Answer:

A. 1.45 percent

Explanation:

Medicare is a federal health insurance program for the most vulnerable in society. It mostly caters to the elderly ( 65 years and above) and people living with disabilities. The federal government set the medicare tax rate. The current rate is 1.45 percent to the employee and 1.45 percent to the employer.

What notation, if any, is made in a formal business letter that contains additional documents in the envelope?

“More”
“Enc.” or “Att.”
“Add plus 1”
None of the above

Answers

Answer:

The notation that is made in a formal business letter that contains additional documents in the envelope is:

“Enc.” or “Att.”

Explanation:

"Enc." means "Enclosures," while "Att." means "Attention."  These notations draw the attention of the letter recipient to the fact that there are other documents that may be accompanying the business letter.  The plural form of the word "Enclosures" is regularly used with the number of enclosures indicated.  But if it is one document, then the word "Enclosure" is preferred, indicating that the document is not more than one.  When "Attention" or "Att." is used, the documents are listed.

Divine Apparel has 2,000 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

a. Record the declaration of cash dividends.
b. Record the entry on date of record.
c. Record the payment of cash dividends

Answers

Answer and Explanation:

The journal entries are as follows;

On October 1  

Dividend Declared Dr $500        (2,000 shares × $0.25)  

        To Dividend payable $500

(To record the cash dividend declaration)

Here the dividend declared is debited as it reduced the shareholder equity and credited the dividend payable as it increased the liability

On October 15

No journal entry is required

On October 31

Dividend payable Dr  $500

       To Cash   $500

(to record the cash dividend payment)

The dividend payable is debited as it decreased the liabilities and credited the cash as it also decreased the assets

help ASAP help ASAP help ASAP

Answers

Answer:marketing

Explanation:this is because restaurants spend millions of dollars on billboards and commercials

It could be any of them. If its a buffet probably food. But if its a sit-in order restaurant its probably marketing costs (ads) or labor.

Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 7,800 hours.


Variable costs:
Indirect factory wages $30,240
Power and light 20,160
Indirect materials 16,800
Total variable cost $67,200
Fixed costs:
Supervisory salaries $20,000
Depreciation of plant and equipment 36,200
Insurance and property taxes 15,200
Total fixed cost 71,400
Total factory overhead cost $138,600

During May, the department operated at 8,860 standard hours, and the factory overhead costs incurred were indirect factory wages, $32,400; power and light, $21,000; indirect materials, $18,250; supervisory salaries, $20,000; depreciation of plant and equipment, $36,200; and insurance and property taxes, $15,200.

Required:
Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 8,860 hours.

Answers

Answer:

Tiger Equipment Inc.

Welding Department

Factory Overhead Cost Variance Report for May:

                                                                  Budget

                                                         Normal      Flexible    Actual  Variance

Capacity (hours) =                             7,800         8,860      8,860       0

Variable costs:

Indirect factory wages                     $30,240   $34,350   $32,400   $1,950 F

Power and light                                  20,160      22,900     21,000      1,900 F

Indirect materials                               16,800        19,083     18,250        833 F

Total variable cost                          $67,200     $76,333   $71,650  $4,683 F

Fixed costs:

Supervisory salaries                       $20,000   $20,000   $20,000     $0

Depreciation of plant & equipment 36,200     36,200      36,200       0

Insurance and property taxes          15,200      15,200       15,200       0

Total fixed cost                                  71,400      71,400      $71,400     $0

Total factory overhead cost        $138,600  $147,733   $143,050   $4,683 F

Explanation:

a) Data and Calculations:

                                                         Normal    

Capacity =                                       7,800 hours

Variable costs:

Indirect factory wages                     $30,240

Power and light                                  20,160

Indirect materials                               16,800

Total variable cost                          $67,200

Fixed costs:

Supervisory salaries                       $20,000

Depreciation of plant & equipment 36,200

Insurance and property taxes          15,200

Total fixed cost                                  71,400

Total factory overhead cost        $138,600

Flexible costs:

Indirect factory wages       $30,240 /7,800 * 8,860 = $34,350

Power and light                     20,160 /7,800 * 8,860 = $ 22,900

Indirect materials                  16,800  /7,800 * 8,860 = $19,083

                                                                  Budget

                                                         Normal      Flexible    Actual  Variance

Capacity (hours) =                             7,800         8,860      8,860       0

Variable costs:

Indirect factory wages                     $30,240   $34,350   $32,400   $1,950 F

Power and light                                  20,160      22,900     21,000      1,900 F

Indirect materials                               16,800        19,083     18,250        833 F

Total variable cost                          $67,200     $76,333   $71,650  $4,683 F

Fixed costs:

Supervisory salaries                       $20,000   $20,000   $20,000     $0

Depreciation of plant & equipment 36,200     36,200      36,200       0

Insurance and property taxes          15,200      15,200       15,200       0

Total fixed cost                                  71,400      71,400      $71,400     $0

Total factory overhead cost        $138,600  $147,733   $143,050   $4,683 F

A person who takes aspirin most likely has a(n) ________demand for that drug. Therefore an increase in the price of aspirin will result in ________ total revenue for the drug company.

Answers

Answer: e. inelastic; increased

Explanation:

Aspirin is a pain medication which means that those who take it likely need it or are addicted to it. Either of these would lead to the person having an inelastic demand for it.

This means that if the company producing aspirin were to increase the price, the person would still buy aspirin and this would increase the revenue of the company because they would be making more per drug.

A cartel is an example of: a price leadership. b price extortion. c tacit collusion. d overt collusion. e price discrimination.

Answers

Answer:

d overt collusion.

Explanation:

Overt collusion occurs when a group of companies collude to increase price of a commodity in a given market.

Competing firms secretly come together to gain control in a market in a similar way to a monopoly.

Overt collusion is a formal agreement between the companies involved.

This practice is considered illegal in the United Kingdom and European Union

Other Questions
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