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Answer:
i ont know is coreect
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Knapp Industries began business on January 1, 2018 by issuing all of its 1,550,000 authorized shares of its $1 par value common stock for $30 per share. On June 30, Knapp declared a cash dividend of $1.25 per share to stockholders of record on July 31. Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 310,000 of its own shares of stock for $35 per share. On December 22, Knapp resold 155,000 of these shares for $41 per share.
Required:
a. Prepare all of the necessary journal entries to record the events described above.
b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 assuming that the net income for the year was $8,000,000
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Journal Entries- Knapp
Date Accoutn Tittle Debit Credit
1-Jan Cash (1550000*35) $54,250,000.00
Common Stock (1550000*1) $1,550,000.00
Additional Paid in Capital - CommonS tock $52,700,000.00
30-Jun Retained Earning $1,937,500.00
Dividend Payable ( 1.25*1550000) $1,937,500.00
30-Aug Dividend Payable $1,937,500.00
Cash $1,937,500.00
1-Nov Treasury Stock $10,850,000.00
Cash (310000*35) $10,850,000.00
22-Dec Cash (155000*41) $6,355,000.00
Treasury Stock (155000*35) $5,425,000.00
Additional Paid in Capital - Treasury Stock $930,000.00
Stockholder Equity Section
Common Stock $1,550,000.00
Additional Paid in Capital - CommonS tock $52,700,000.00
Additional Paid in Capital - Treasury Stock $930,000.00
Retained Earning (8000000-1937500) $6,062,500.00
Less: Treasury Stock (10850000-5425000) -$5,425,000.00
Total Stockholder Equity $55,817,500.00
As a manager, if you wanted to influence what employees do in situations lacking clear company rules or expectations, what should you do
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As a manager if you want to influence what employees do in situations that lack clear company rules or expectations, you should create a strong culture.
Creating a strong culture is very important in the workplace. It is important because it helps to influence the discretionary behaviors that employees have in the work place.
It helps them to know what they should do in given situations where the the rules and the expectations are not clear.
This is very important because an organization may not have policies or rules for every given situation in the work place. The culture of the organization would be very useful in this case.
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Give 3 sample of best practice, how airline can improve "Cost" efficiency?
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It is called "cost efficiency" to the way in which a company, through specific commercial organization actions, manages to reduce the costs necessary to obtain a certain profit.
Thus, they seek to minimize the costs and operational losses of the company, with the aim of maximizing profits.
In this way, 3 ways in which an airline could increase its cost efficiency are:
fly to places with high demand, reducing presence in not so popular destinations. reduce the time on the ground for each plane, so that it generates money almost constantly. perform optimal maintenance on each plane, to avoid breakages.Learn more about efficiency in https://brainly.com/question/6672666
Daisy is a director of Extraction Corporation. She opposes an offer to merge Extraction with Fill Inc. because she would lose her board position. Daisy is most likely liable for breach of
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Considering the case about above, Daisy is most likely liable for breach duty of loyalty.
Daisy is been regarded as director of Extraction Corporation, which means she should be loyal to that office by following the protocol in performing tasks.
Duty of loyalty simply implies that individual should be loyal to his or her office by following the ethics of the organization.
Therefore, Daisy breached duty of loyalty because, of her opposition to merge the Extraction.
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If a seller can create switching costs for its product, then: ________________
a. customers will find it more costly to stay with the company than to switch to another seller.
b. it increases its costs by producing several versions of the product so customers can switch between versions.
c. it is difficult or costly for the seller to switch to producing a different product.
d. it is difficult or costly for customers to switch to another seller of the product.
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It should be noted that if a seller can create switching costs for its product, in this case, B:it increases its costs by producing several versions of the product so customers can switch between versions.
Switching costs can be regarded as the costs that is been paid by a consumer due to switching of a brands or products.
Switching costs may comes in term of monetary as well as effort-based cost.
We can conclude that if a seller can successfully create switching costs as regards her product, then it results to more gains.
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Based on the following information answer question Furniture manufacture has 3 units of standard direct material allowed for one unit of output. One unit of direct material is expected to be purchased on average at $10. During the period the manufacture has produced 7000 units of output 4 units of direct materials have been used. The direct materials have been purchased at $9 per unit. The total quantities of materials purchased were 30,000 units. 1.What is a standard cost for material? 2.What will be the total inputs allowed as per the budget for actual outputs achieved? 3.What is total actual direct material used to produce actual output? 4.What is the material price variance? 5.What is the material efficiency variance? 6.What will be flexible budget variance? 7.Which one of the following items would never appear on a cash budget?
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1. The standard cost for material per output unit is $30 ($10 x 3).
2. The total inputs allowed for actual outputs achieved is 21,000 units (7,000 x 3).
3. The total actual direct material used for actual output is 28,000 units (7,000 x 4).
4. The material price variance is $28,000 Favorable {($10 - $9) x 28,000}.
5. The material efficiency variance is $70,000 Unfavorable (21,000 - 28,000) x $10.
6. The flexible budget variance is $28,000 Favorable ($280,000 - $252,000).
7. The item that would never appear on a cash budget is the Depreciation Expense.
Data and Calculations:
Standard units of input materials = 3 units
Average cost of a unit of materials = $10
Total cost of 3 units = $30 ($10 x 3 per unit output
Actual production = 7,000 units
Flexible units of materials = 21,000 units (7,000 x 3)
Actual units of materials used = 28,000 units (7,000 x 4)
Actual cost of materials purchased = $9 per unit
Thus, depreciation expense does not involve a cash flow.
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How old does a senator have to be?
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Answer:
Article 58.- To be a senator, the same requirements are required as to be a deputy, except age, which will be 25 years old on the day of the election.
Explanation:
and i'm mexican
Are the consequences of your decision something you can live with and feel proud of when other people find out? Why or why not?
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Alpha Co. is paying a $.72 per share dividend today. There are 138,000 shares outstanding with a par value of $1 per share. As a result of this dividend, the:
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The dividend paid reduces retained earnings by $99,360
Dividend is the money paid out of profit after tax by a company to its shareholders.
We can compute the dividend paid by :
= Per share dividend * Shares outstanding
= $.72 * 138,000
= $99,360
Hence, dividend paid is $99,500 which reduces retained earnings by same amount.
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Nathen’s home office
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Answer:
Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.
Explanation:
IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?
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no se inglés y tampoco se la respuesta si no si te la hubiera dicho
Impact of hiring based on experience rather than qualification
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Answer: Those with experience rather than qualification will be able to complete work quickly and efficiently while being able to responsibly handle problems.
Explanation:
Of course those with qualification could work well, however experience usually creates a great gap in between those with and without experience.
If this answer is incorrect, simply correct it or mention that it is incorrect.
Gene is looking for a loan so that he can buy a car. There are a few different banks where he can apply for a loan. What should he be looking for in a loan?
OA. a low interest rate
OB. a good credit score
OC. an open line of credit
OD. a differed payment plan
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Answer:
The Answer To This Question is B. a good credit score.
Explanation:
Find the tax on a home if the assessed value is $24,375 and the tax rate is $43.97 per $1,000
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Answer:
1071.76875
Explanation:
24,375/1000=24.375
24.375x43.97=1071.76875
I dont know a thing about buisness but I like math so I hope this is correct
Patti, a high school student, watches a financial show on television. The host has a college degree in business. The show is about how teenagers who start saving early have a big advantage. This information is _____.
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this information is true
DeAnna is the supervisor for the engineering team at her company. A task comes down from her leadership to allocate funding by noon that day. She doesn't have time to discuss this with the team, so she allocates the money where she sees fit. What management approach does this best exemplify
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Answer: the answer is authority rule
Which business policy would most likely help a single parent family?
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explain why maximizing Production does not always maximize profit
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g Molly is not married and has no children. She executes a will, disposing of her estate to her sister Nina. Later, Molly marries Owen. They have no children. Molly does not execute a new will before she dies. With respect to Molly's estate, Owen is entitled to
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Based on the terms of the will, based on molly's estate, Owen is entitled to no part of her estate because the estate was already willed to her sister Nina.
According to the given question, we can see that Molly who was unmarried at the time of making her will, willed her estate to her sister and later got married to Owen and she died without making changes to her will.
The outcome is very clear as Owen is not entitled to anything, unless he is given by Nina, although he can contest the will in court, but Nina has the upper hand because legally she has the estate.
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If I am under 18 years of age, I am prohibited from using my cell phone while driving unless
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Answer:
Cell phone usage while driving is prohibited at any age
Answer:
unless of emergancy
Explanation:
buying Fisher Industries, which has earnings per share of $1.50, 3.5 million shares outstanding, and a share price of $15. Brutus will pay for Fisher by issuing new shares. There are no expected synergies from the transaction. If Brutus pays no premium to acquire Fisher, what will the earnings per share be after the merger
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If Brutus buys Fisher with new shares and with no premium, the new earnings per share after the merger would be $2.94
Brutus currently has 5 million shares which are valued at $32 for a total worth of:
= 5 x 32
= $160,000,000
Fisher has 3.5 million shares valued at $1.50 for a total worth of:
= 1.5 x 3.5
= $5,250,000
The shares to be issued can be found as:
= Share price of Fisher / Share price of Brutus x Fisher shares
= 15 / 32 x 3.5 million shares
= 1,640,625 shares
The total number of shares are now:
= Brutus shares + Shares issued to acquire Fisher
= 5 million + 1,640,625
= 6,640,625 shares
The new EPS would be:
= (Earnings of Brutus + Earnings of Fisher) / Number of shares
= ( (3 x 5 million) + (1.50 x 3.5 million)) / 6,640,625
= $2.94 per share
In conclusion, the new EPS is $2.94
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Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has been variable. b. The need to rescue "sunset" industries. c. the need to promote "sunrise" industries. d. reduces market efficiency
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For what kind of discrimination does the EEOC handle complaints?
race and sex only
race, sex, color, religion, or nationality
religion and nationality only
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Answer:
2.)- race, sex, color, religion, or nationality.
Explanation:
:)
The best answer to both the flatness and horizon problems is Group of answer choices dark energy. the inflationary epoch. decoupling. the Steady State Theory. the GUT theory.
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It should be noted that best answer to both the flatness and horizon problems is inflationary epoch.
The inflationary epoch van be regarded as the period in the evolution of the early universe, at this period there was an expansion.
According to inflation theory, the earth were recorded to experience great horizon problems and exponential expansion.
Therefore, inflationary epoch brings about both flatness and horizon problems
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James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCA. The cost of the membership is $60/month, which is completely paid for by James' employer for all employees. How much, if any, must James include in his yearly gross income related to this fringe benefit
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James must include $720 in his yearly gross income related to the fringe benefit.
Where the value of the athletic facilities is to be excluded from an employee's gross income, the facilities must be situated on the employer's business location. Moreover, the athletic facilities must be used exclusively by the employees and their dependents.
Due to the above, James's membership is at a public YMCA, hence taxable.
Also, James start date with the corporation was not given, he would however receive 12 months of the benefit.
12 × $60 = $720
Therefore, James must include the full cost of $720 paid by his employer in his yearly gross income related to the fringe benefit.
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With all other economic forces held constant, an increase in labor productivity throughout the country implies
(1 point)
an increase in GDP due to an increase in labor hours
a decrease in GDP with labor hours held constant
an increase in GDP with labor hours held constant
a decrease in GDP due to an increase in labor hours
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When there is an increase in labor productivity, we observe that there is an increase in GDP with labor hours held constant.
Labor productivity:
Is goods produced by labor within a certain period of time Increases when more goods are produced in that periodLabor productivity therefore relates to goods being produced when the labor hours are kept constant. An increase in labor productivity is good for GDP because it means that more goods are being produced.
In conclusion, increased labor productivity means increased GDP at constant labor hours.
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Here y'all!
1. an increase in GDP with labor hours held constant
2. A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.
3. the discovery of a way to improve software speed that increases employee productivity
4. discovering an inexpensive way to make steel
5. false since technological improvements can lead to certain jobs becoming obsolete
Your welcome ;)

who here has a business plan

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I am still working on my business plan.
Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?
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There are different ways used by people to modify behavior. behavior modification may Thato need to implement is punishment.
Behavior modification is simply known to be act of changing the behavioral trend via the use different means such as learning techniques, positive or negative reinforcement, punishment etc.
Punishment is often done to weaken a specific behaviors. This is done through the linking of an unpleasant stimulus to a behavior. Example is Maya losing her job for not meeting her targetSee full question below
Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?
a- negative reinforcement
b- punishment
c- extinction
d- positive reinforcement
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Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:
McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 16,800,000 $ 15,000,000 Cost of goods sold (11,500,000) (10,000,000) Gross profit $ 5,300,000 $ 5,000,000 Selling expenses $ (1,770,000) $ (1,500,000) Administrative expenses (1,220,000) (1,000,000) Total operating expenses $ (2,990,000) $ (2,500,000) Operating income $ 2,310,000 $ 2,500,000 Other revenue 256,950 225,000 Income before income tax expense $ 2,566,950 $ 2,725,000 Income tax expense (1,413,000) (1,500,000) Net income $ 1,153,950 $ 1,225,000
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).
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1. The calculation of the horizontal analysis of McDade Company's Comparative Income Statement for the Years Ended December 31, 20Y2 and 20Y1 is as follows:
20Y2 % 20Y1 %
Sales $16,800,000 112% $ 15,000,000 100%
Cost of goods sold (11,500,000) 115% (10,000,000) 100%
Gross profit $ 5,300,000 106% $ 5,000,000 100%
Selling expenses $ (1,770,000) 118% $ (1,500,000) 100%
Administrative expenses (1,220,000) 122% (1,000,000) 100%
Total operating expenses $(2,990,000) 120% $(2,500,000) 100%
Operating income $2,310,000 92% $2,500,000 100%
Other revenue 256,950 114% 225,000 100%
Income before income tax expense $2,566,950 94% $2,725,000 100%
Income tax expense (1,413,000) 94% (1,500,000) 100%
Net income $ 1,153,950 94% $ 1,225,000 100%
The calculation of the Trend Analysis, with two examples is as follows:
Sales = 112% ($16,800,000/$15,000,000 x 100%)
Cost of goods sold = 115% ($11,500,000/$10,000,000 x 100%)
2. The significant relationships revealed by this horizontal analysis showed that sales revenue and gross profit increased by 12% and 6% respectively from 20Y1's figure, this increase did not translate into increased net income. Instead, the net income decreased by 6% in 20Y2 as a result of increased operating expenses, which witnessed a 20% increase.
Thus, The horizontal analysis of McDade Company's comparative income statement involves the calculation of percentage changes from 20Y1 to the 20Y2. The dollar amount changes can also be calculated.
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The ________ method of setting an advertising budget typically overlooks how promotion affects sales.
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Based on business management, the affordable method of setting an advertising budget typically overlooks how promotion affects sales.
What is the Affordable method in the Advertising budget?The affordable method in the advertising budget is the cheap means of making an advertisement.
However, when making cheap or affordable advertisements, most people tend to overlook the effects of promotion efforts on sales.
Hence, in this case, it is concluded that the correct answer is "Affordable method."
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