ICOT Industries issued 28 million of its $1 par common shares for $492 million on April 11. Legal, promotional, and accounting services necessary to effect the sale cost $3 million. Required: 1. Prepare the journal entry to record the issuance of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Answers

Answer 1

Answer:

Dr Cash $492

Cr Common stock $28

Cr PIC in excess of par 464

Dr PIC in excess of par $3

Cr Cash $3

Explanation:

Preparation of the Journal entry to record the issuance of the shares

Based on the information given we were told that the Industries issued 28 million of its $1 par common shares for the amount of $492 million on April 11 which means that the Journal entry will be:

Dr Cash $492

Cr Common stock $28

(28 million x $1)

Cr PIC in excess of par 464

($492-$28)

(To record the sale of the stock)

Based on the information given we were told that the Industries had Legal, promotional, and accounting services necessary to effect the sale cost of the amount of $3 million which means that the Journal entry will be:

Dr PIC in excess of par $3

Cr Cash $3

(To record the stock issue costs)


Related Questions

Vijay Inc. purchased a 3-acre tract of land for a building site for $420,000. On the land was a building with an appraised value of $120,000. The company demolished the old building at a cost of $12,000, but was able to sell scrap from the building for $1,500. The cost of title insurance was $900 and attorney fees for reviewing the contract was $500. Property taxes paid were $3,000, of which $500 covered the period subsequent to the purchase date. The capitalized cost of the land is:

Answers

Answer:

$433,900

Explanation:

The computation of the capitalized cost of the land is shown below:-

Capitalized cost of the land = Purchase price + Demolition of building + Title insurance + Attorney fee + Property taxes covered during the period - Scrap value from the building

= $420,000 + $12,000 + $900 + ($3,000 - $500) - $1,500

= $420,000 + $12,000 + $900 + $2,500 - $1,500

= $435,400 - $1,500

= $433,900

Suppose that Dunkin Donuts reduces the price of its regular coffee from $2 to $1 per cup, and as a result, the quantity sold per day increased from 10 to 40. Over this price range, the price elasticity of demand for Dunkin Donuts’ regular coffee is:

Answers

Answer:price elasticity of demand for Dunkin Donuts’ regular coffee is 1.8

Explanation: Using the midpoint formnulae

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

Percentage change in quantity = new quantity  - old quantity  / (new quantity + old quantity)/2  x 100

= 40-10/(40+10)/ 2 = 30 /25 = 1.2 x 100 =120%

Percentage change in price  = new price   - old price   / new price + old price)/2   x 100

= 1- 2 / (1+2)/2= -1/1.5x 100 = -66.67 %

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

= 120%/-66.67%= -1.79 = -1.8

For Price elasticity of demand, the sign is not included and the basis for elasticity is on the value itself . here we can conclude that the Price elasticity of demand for Dunkin donut is 1.8 and elastic because a fall in price led to an increase in amount being sold.

Orleans Corporation, a U.S. corporation, reported U.S. taxable income of $2,000,000. Included in the computation of taxable income was a $400,000 dividend from a 5%-owned Canadian subsidiary. A withholding tax of $8,000 was imposed on the dividend. What is Orleans’s net U.S. tax liability?

Answers

Answer:

$420,000

Explanation:

Calculation for Orleans’s net U.S. tax liability

Using this formula

Tax liability=Taxable income×U.S tax rate

Let plug in the formula

Tax liability=$2,000,000×21%

Tax liability=$420,000

Therefore Orleans’s net U.S. tax will be $420,000. The withholding tax amount of $8,000 was not included because it was already imposed on the dividend.

Margin on price as a percentage is the expression of how much you mark your product up by to arrive at your retail price. True False

Answers

Answer:

False

Explanation:

The margin on price refers to a percentage by taking a difference between the gross profit and the selling price

Here gross profit comes by

= Selling price - cost price

Now in the cost price we added some markup percentage i.e most probably equivalent to the retail price

Hence, the given statement is false

Martin works as a pizza delivery person.He parks his bike outside Regalia Inc.to deliver an order.Meanwhile,a damaged book rack in Regalia,which is situated on the first floor of the building,falls down through an open window and crashes on his bike.However,no one admits to having seen the rack fall.Can Martin recover against Regalia for negligence?
A) Martin can recover only if he finds a witness who saw the book rack crashing on the bike.
B) Martin can recover if he can prove that book racks do not fall out of windows in the absence of negligence and that Regalia Inc. had exclusive control of the rack prior to the fall.
C) Martin will be unable to recover because parking under an open floor window amounts to contributory negligence and he is therefore liable for the accident too.
D) Martin will be unable to recover because parking under an open window amounts to assumption of risk.

Answers

Answer:

B) Martin can recover if he can prove that book racks do not fall out of windows in the absence of negligence and that Regalia Inc. had exclusive control of the rack prior to the fall.

Explanation:

Negligence is defined as a situation where a person does not take due care and conduct oneself like a reasonable person in a given circumstance.

When a defendant is negligent he will be held responsible for damage that results from his negligence.

In this scenario Martin's parked his bike and makes a delivery, meanwhile a book rack falls on his bike.

Martin's can only recover against Regalia if he proves that he was not negligent in any way, and that Regalia had control of the rack before the fall.

For example if Martins did not park his bike in a designated parking spot, he can be seen to be negligent. In that case he will not be able to recover against Regalia.

Part-time workers likely result in A. inaccurately high estimates of the labor force. B. inaccurately low estimates of the labor force. C. a disincentive for the unemployed to seek employment. D. lower incomes and fewer jobs.

Answers

Answer:

Correct answer:

A. inaccurately high estimates of the labor force.

Explanation:

Part-time work is the type of work where an individual has a flexible work plan is a given company unlike the traditional full-time work. Doing such work create the impression that, there is high labour force among the various industries and sectors. For example, someone might be working in two different firms under part-time basis same day which create an impression of two different individuals.

Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for​ 2018: Net cash provided by operating​ activities: $108,000 Net cash used for investing​ activities: ($118,500) Net cash provided by financing​ activities: $16,000 If the cash balance at the beginning of the year was​ $13,200, what is the ending cash​ balance? A. ​$18,700 B. ​$13,200 C. ​$10,500 D. ​$5,500

Answers

Answer: $18,700

Explanation

Net cash provided by the operating activities = $108,000

Add: Net cash provided by the financing activities = $16,000

Less : The net cash used for the investing activities = $118,500

The net increase in Cash will now.be:

= ($108,00 + $16,000) - $118,500

= $5,500

Add: Cash at the beginning of the year. This will be:

= $5500 + $13,200

= $18,700

Ending cash balance will be $18700

The following information describes the production activities of Mercer Manufacturing for the year.
Actual direct materials used 28,000 lbs. at $4.90 per lb.
Actual direct labor used 8,650 hours for a total of $174,730
Actual units produced 51,600
The budgeted standards for each unit produced are 0.50 pounds of direct material at $6.85 per pound and 10 minutes of direct labor at $21.20 per hour.
1. Compute the direct materials price and quantity variances. Do not round intermediate calculations.
2. Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. Do not round intermediate calculations.

Answers

Answer:

Actual Quantity = 28,000

Actual Price  = 4.90

Standard Quantity = 25,800  

Standard Price  = 4.85

1)a. Direct Material Price variance = (Standard price – Actual Price)*Actual Quantity

= (4.85 - 4.90) * 28,000

= $1,400 U

b. Direct Material Quantity variance = (Standard Quantity – Actual Quantity)*Standard price

= (51,600*0.5 - 28,000)*4.85

= $10,670 U

2) a. Direct Labor Rate Variance = (Standard Rate – Actual Rate)*Actual Hours

= (21.20 - 20.2) * 8,650

= $8,650 F

b. Direct Labor Efficiency variance = (Standard Hours – Actual Hours)*Standard rate

= (51,600*1/6 - 8,650) * 21.20

= $1,060 U

A customer redeems 1,000 shares of ABC Fund on Wednesday, June 14th. Under the provisions of the Investment Company Act of 1940, the customer must be paid the money no later than:

Answers

Answer:

Wednesday, June 21st

Explanation:

In this scenario, since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.

(e) No registered investment company shall suspend the right

of redemption, or postpone the date of payment or satisfaction upon

redemption of any redeemable security in accordance with its terms

for more than seven days after the tender of such security to the

company or its agent designated for that purpose for redemption

Quality is primarily related to satisfaction viewpoint of:___________.
a. Customer Manufacturer
b. Service provider
c. General public
d. all of above

Answers

Answer: Consumer

Explanation:

Quality has to do with the standard by which a product is being compared with other similar products.

Quality is primarily related to satisfaction viewpoint of consumers. If consumers are not satisfied with a particular product, it will have a negative impact on the sale of the product hence the product quality must be taken into consideration in order to enable consumers to buy such product.

Based on your case knowledge, to what extent do you agree or disagree with the following statement - "Kay Whitmore - Kodak CEO, had an understanding of Kodak's potential in the PC market. This was illustrated by her strong engagement with Bill Gates and Microsoft."
1. Strongly Agree
2. Mildly Agree
3. Neither Agree nor Disagree
4. MIldly Disagree
5. Strongly Disagree
6. Not Applicable

Answers

Answer:

3. Neither Agree nor Disagree

Explanation:

The reason was that the Kay Whitmore's engagement with Bill Gates and Microsoft has not much impacts on the potential of Kodak's products to exploit additional opportunities in Microsoft hence statement in consideration is not a one side argument as it is doubtful position.

So I am neither agreeing nor disagreeing with the statement hence the option 3 is correct here.

Assume that your parents wanted to have a 170,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 6.5% per year on their investmenets.Required:a. How much would they have to save each year to reach their goal?b. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?

Answers

Answer:

a. They will have to save $5,245.28 each year to reach their goal of $170,000.

b. They will have to save $925.63 less to reach their new goal of $140,000.

Note: The answer to part b is based on the information in the question. Therefore, the correct answer is "they will have to save $925.63 less" not  "save more" as suggested in the question. Kindly confirm this from your teacher.

Explanation:

a. How much would they have to save each year to reach their goal?

Since the saving started on your first birthday to have $170,000 saved, it implies the saving will be on your every birthday for 18 years. Therefore, the relevant formula to use to determine this is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV = Future value of the amount after your 18th birthday = $170,000

M = Yearly saving to have $170,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M, we have:

$170,000 = M * {[(1 + 0.065)^18 - 1] / 0.065}

$170,000 = M * 32.4100673759666

M = $170,000 / 32.4100673759666

M = $5,245.28

Therefore, they will have to save $5,245.28 each year to reach their goal of $170,000.

b. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?

First, we have to calculate how much they will save each year, by also using the Future Value (FV) for calculating an Ordinary Annuity as follows:

FVn = Mn * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV1 = New future value of the amount after your 18th birthday = $140,000

M1 = New yearly saving to have $140,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M1, we have:

$140,000 = M1 * {[(1 + 0.065)^18 - 1] / 0.065}

$140,000 = M1 * 32.4100673759666

M1 = $140,000 / 32.4100673759666

M1 = $4,319.65

Therefore, they will have to save $4,319.65 each year to reach their goal of $140,000.

To obtain difference in yearly savings, we have:

Difference in yealy saving = M - M1 = $5,245.28 - $4,319.65 = $925.63

Since $5,245.28 each year to reach their goal of $170,000 is greater than $4,319.65 each year to reach their goal of $140,000, it therefore implies that they will have to save $925.63 less to reach their new goal of $140,000.

IOP Company purchased a machine on 1/1/22 costing $500. Estimated life was 5 years; estimated salvage value was $100. In 2025, IOP discovered that the bookkeeper correctly used straight-line depreciation, but erroneously used an estimated life of 8 years in computing depreciation for the first 3 years of life. The Prior Period Adjustment to be recorded in 2025 will be:

Answers

Answer:

The Prior Period Adjustment to be recorded in 2025 will include a $90 debit as adjustment to Retained Earnings

Explanation:

Correct depreciation would have been = ($500-$100)/5 = $80

Depreciation charged wrongly as ($500-$400)/8 = $50

Therefore depreciation has been charged short by $30 for three years, thereby reflecting income greater by $30 each year for 3 years.

Since due to wrong depreciation retained earnings is higher by $90, therefore we have to debit retained earnings by $90

​Roybus, Inc., a manufacturer of flash​ memory, just reported that its main production facility in Taiwan was destroyed in a fire. Although the plant was fully​ insured, the loss of production will decrease​ Roybus's free cash flow by $175 million at the end of this year and by $61 million at the end of next year. a. If Roybus has 37 million shares outstanding and a weighted average cost of capital of 12.6%​, what change in​ Roybus's stock price would you expect upon this​ announcement? (Assume that the value of​ Roybus's debt is not affected by the​ event.) b. Would you expect to be able to sell Roybus stock on hearing this announcement and make a​ profit? Explain.

Answers

Answer:

a) the fire and all the events that are related to it should decrease Roybus's stock by $5.50

b) The market is pretty quick to adjust to bad news, specially when they are single isolated events. There is a minimum chance that you might be able to make some money by selling your stocks to someone that hasn't heard about the fire and its negative consequences (not a regular trader or outside the market), but it would be extremely rare for it to happen. When such extraordinary events happen, it is common for stocks to be traded after market hours, so when the market opens the next day, the price will already be adjusted.

Explanation:

the total decrease in Roybus's market value = ($175,000,000 / 1.126) + ($61,000,000 / 1.126²) = $155,417,407 + $48,111,960 = $203,529,367

the decrease will negatively affect stock price by -$203,529,367 / 37,000,000 stocks = -$5.50 per stock

An investment adviser places large block trades for securities positions that are being purchased for its customers' accounts in order to lower its commission costs. The trades are often executed piecemeal, at different prices. The adviser, after being confirmed that the entire block has been filled, allocates the shares to its accounts. As a favor to its most valuable employees, the adviser allocates the shares purchased at the lowest prices to its employees' accounts; and then allocates the remaining shares to its customer accounts pro-rata. The adviser has disclosed its allocation method only to its employees. Which statement is TRUE

Answers

Answer: The investment adviser has breached its fiduciary duty because it has not disclosed its method of allocating shares to its customers

Explanation:

The options to the question are:

a. The investment adviser has breached its fiduciary duty to its customers because the block order must be executed at one price, not in pieces at differing prices

b. The investment adviser has breached its fiduciary duty because it has not disclosed its method of allocating shares to its customers

c. The investment adviser has not breached its fiduciary duty because it has disclosed its method of allocating shares to its employees

d. The investment adviser has not breached its fiduciary duty to customers because it has obtained trade executions for customers at lower commission costs.

Based on the scenario in the question, it should be noted that the investment adviser has breached its fiduciary duty because it has not disclosed its method of allocating shares to its customers.

Fiduciary duty is a legal obligation whereby a party has to work in the best interest of the other party and should also be trustworthy but in this situation, this isn't thw case.

The present value of $10,000 to be received in 10 years, discounted at an annual rate of 6.78%, is closest to:

Answers

Answer:

PV= $5,189.21

Explanation:

Giving the following information:

The present value of $10,000 to be received in 10 years, discounted at an annual rate of 6.78%.

To calculate the present value, we need to use the following formula:

PV= FV/(1+i)^n

PV= 10,000/(1.0678^10)

PV= $5,189.21

An appraiser estimated the replacement cost new of a building at $560,000. The building has an estimated economic life of 40 years and an estimated remaining life of 30 years. What is the current value of the building

Answers

Answer:

The answer is $420,000

Explanation:

To find the amount of depreciation being charged years, we use the following formula:

Cost of the asset ÷ number of useful life

Cost of the asset - $560,000

Number of useful life - 40 years

$560,000 ÷ 40 years

$14,000.

The asset has 30 years remaining, that means it has used 10 years. So the accumulated depreciation is $140,000

And the current value of the building now is $420,000($560,000 - $140,000)

The current value of the building is $420000

The estimated economic life is 40 years, hence after 40 years the value of the house would be 0.

Since the estimated remaining life is 30 years. Hence:

Percentage value of house = 30 remaining years / 40 economic year

Percentage value of house = 0.75 * 100 = 75%

The current value of the building = 75% * $560000 = $420000

The current value of the building is $420000

Find out more on current value at: https://brainly.com/question/24304697

A stock is bought for $24.00 and sold for $26.00 one year​ later, immediately after it has paid a dividend of​ $1.50. What is the capital gain rate for this​ transaction?

Answers

Answer:

8.33%

Explanation:

A stock is bought for $23.00

The stock is sold for $26 after one year

The dividend paid is $1.50

Therefore, the capital gain rate can be calculated as follows

Capital gain= P1-Po/Po

= 26-24/24

= 2/24

= 0.0833 ×100

= 8.33%

Hence the capital gain rate for this transaction is 8.33%

Moorcroft sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale; 4% are uncollectible. Moorcroft purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase.Prepare a schedule of expected collections from customers for June.

Answers

Answer:

The budgeted sales are missing, so I looked for them. I found the following question, hopefully it will be similar:

Month        Sales

April           $300,000

May            $320,000

June           $370,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $370,000 x 40% = $148,000

Collection from June's credit sales = $222,000 x 20% = $44,400

Collection from May's credit sales = $192,000 x 50% = $96,000

Collection from April's credit sales = $180,000 x 26% = $46,800

Total cash collections during June = $335,200

You have a $46,000 portfolio consisting of Intel, GE, and Con Edison. You put $20,800 in Intel, $10,400 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3, 1, and .8, respectively. What is your portfolio beta? Multiple Choice 1.071 0.976 0.824 1.393

Answers

Answer:  1.071

Explanation:

The portfolio beta is the weighted average of the constituent stock betas.

Intel Weight

= 20,800/46,000

= 0.45217

GE Weight

= 10,400/46,000

= 0.22609

Con Edison

= (46,000 - 20,800 - 10,400) / 46,000

= 0.32174

Portfolio Beta;

= (0.45217 * 1.3) + (0.22609 * 1) + (0.32174 * 0.8)

= 0.587821‬ + 0.22609 + 0.257392‬

= 1.071303‬

= 1.071

A company has established 7 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 7,200 pounds of Material J that cost $13,080. The direct materials quantity variance is:

Answers

Answer:

-$400 unfavorable

Explanation:

The computation of direct materials quantity variance is shown below:-

Direct material quantity variance = (Standard Quantity × Standard Price) - (Actual quantity × Standard price)

= (1,000 × 7 × $2) - (7,200 × $2)

= $14,000 - $14,400

= -$400 unfavorable

Therefore for computing the direct material quantity variance we simply applied the above formula.

True or False:
Transactions that result in significant investing and financing activities bu that do not involve cash are reported either directly after the statement of cash flows or in a note to the financial statements

Answers

Answer: True

Explanation:

Transactions that do not increase or decrease cash, but that result in significant investing and financing activities, are reported as noncash activities either directly after the cash flow statement or in a note to the financial statements.

It is true that In cash-flow statement, any transaction that do not involve cash are reported directly after the statement or in a note to the financial statements

Non-cash activities includes depreciation amortization, unrealized gain, unrealized loss etc

In accounting, non-cash investing or financing activities are required to be disclosed in the footnotes to the financial statements or within the cash flow statement.

Therefore, It is true that In cash-flow statement, any transaction that do not involve cash are reported directly after the statement or in a note to the financial statements.

Read more about Non-cash activities here

brainly.com/question/16200596

You can use the discounted cash flow method to estimate the cost of a company’s internal equity when the company ______________. g

Answers

Answer:

Pays any amounts of dividends

Explanation:

Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the probability of a cash flow being less than $9000? (Assume a normal distribution.)

Answers

Answer:

4%

Explanation:

For Builtrite, we can find the probability of cash flows by using the following formula:

Z = (X - C) / S

Average Cash Flow is $16000 which denoted by "C"

Standard Deviation is $4000 and is denoted by "S"

And

For cash flows that are less than $9000 which is denoted by X in the equation, "Z" can be calculated as under:

Z = (X - C) / S = ($9,000 - $16,000) / $4,000 = -1.75

As Z is less than -1.75, now we can see that the probability from the Z-table is 4% for -1.75.

Hence the probability of cash flow below $9,000 is 4%.

What are examples of career fields Skills USA prepares students for? Check all that apply.
health science
O education
agriculture
construction
manufacturing
transportation
information technology
public safety

Answers

Answer:

everything except education and agriculture

Explanation:

hope this helps •_•

Answer:

Everything except education and ariculture

Explanation:

edu 2021

Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8,200. Music World's journal entry to record the sales transaction is:

Answers

Answer:

World's journal entry to record the sales transaction is:

Note Receivable ; Jax Recording Studio $8,200 (debit)

Sales Revenue $8,200 (credit)

Explanation:

Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.

Costco and other big box price clubs charge a membership fee on top of the price of goods sold to members. This is an example of

Answers

Answer:  Service Charge

Explanation: a service charge goes toward the day to day running costs of a company, used to cover things like building costs, insurance, employee compensation. It is how companies like Costco are able to pass along reduced price products to members.

Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $620,000, and the sales mix is 40% bats and 60% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $90 $50 Gloves 105 65 a. Compute the break-even sales (units) for the overall enterprise product, E.

Answers

Answer:

$15,500 units

Explanation:

For the computation of break-even sales (units) for the overall enterprise product, E first we need to follow some steps which is shown below:-

Contribution margin = (Selling price - Variable costs)

For Bats $90 - $50

= $40

For Gloves = $105 - $65

= $40

Overall contribution margin = (40 × 40%) + (40 × 60%)

= $40

a.Break-even point = Fixed costs ÷ Contribution margin

= $620,000 ÷ 40

= $15,500 units

An investment adviser representative's friend provides him with a list of 10 prospective clients. The representative agrees to pay his friend a referral fee for each person on the list that opens an account with the adviser. Which statement is TRUE

Answers

Answer: C. The arrangement is permitted only if it is in writing between the investment adviser and the friend and the arrangement is disclosed in writing to any customer opening an account

Explanation:

The friend in this case will be ruled to be a Solicitor under SEC Rules as they are referring clients to the Investment Adviser for a fee.

As such this business relationship between the friend and the Investment Adviser representative will fall under SEC Rule 206(4)-3 Cash payments for client solicitations. This rule makes it clear amongst other things that the investment adviser will have to prepare a written disclosure document which will inform any customer opening an account  of the agreement between the adviser and his friend.

The following data were reported by a corporation: Authorized shares 38,000 Issued shares 33,000 Treasury shares 12,500 The number of outstanding shares is:

Answers

Answer:

20,500 shares

Explanation:

Authorized shares= 38,000

Issued shares= 33,000

Treasury shares= 12,500

Therefore, the number of outstanding shares can be calculated as follows

Outstanding shares= Issued shares-Treasury shares

= 33,000-12,500

=20,500

Hence the number of outstanding shares is 20,500

Other Questions
PromptNow that you have worked through a lot of material that includes these basic patterns, and you have comparedgrammatically correct and incorrect sentences, write down what you think is a rule that could explain what makes asentence grammatically correct or not. For example, you might write something like: "verbs always match nouns innumber, and they usually come before the noun." In other words, make your best guess for the grammar rule that makessense out of the pattern(s) you see in the phrases you have been working with. Review if you need to, and you mightbriefly check your hunches against the sentences you have been working with in this or previous modules. Keep in mindthat what you're after is your hunch, not a grammar rule from a text book. Now check your hunch with the explanation ofthis principle in the following pattern If a stock is correctly priced, then you know that ____________. A. the dividend payout ratio is optimal B. the stock's required return is equal to the growth rate in earnings and dividends C. the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return D. the present value of growth opportunities is equal to the value of assets in place You palpate a soft, slightly tender mass in the right scrotum of an adult male. You attempt to reduce the size of the mass, and there is no change in the mass size. Your next assessment maneuver is to:________a. use two fingers to attempt to reduce the mass.b. palpate the left scrotum simultaneously.c. lift the right testicle and then compare pain level.d. transilluminate the mass you just got home from a run on a hot Atlanta afternoon. you grab a 1.00-liter bottle of water and drink three-quarters of it in one swig. How many moles of water did you consume? What is the distance between points A and B on the grid? (the grid is shown in the image). A. 3 units B. 4.5 units C. 5 units D. 5.5 units Knowledge Check 01 On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a discount of $10,125. The bonds pay interest semiannually. Wintergreen uses the straight-line bond amortization method. The entry to record each interest payment includes a debit to Bond Interest Expense for $5,756, a credit to Discount on Bonds Payable for $506, and a credit to Cash for $5,250. At December 31, 2020, the carrying value of the bonds will equal _____. Two coherent sources of radio waves, A and B, are 5.00 meters apart. Each source emits waves with wavelength 6.00 meters. Consider points along the line connecting the two sources.Required:a. At what distance from source A is there constructive interference between points A and B?b. At what distances from source A is there destructive interference between points A and B? Mary spent $45 at the mall. She bought lunch for $9. She bought 3 shirts ateach. Which of the following equations could be used to find x ? Explain what happens to the sound waves when a singer hits the high pitched notes during the National Anthem. Be sure to use the terms amplitude and frequency in your answer. What are thetraditionalcirculatoryendpoints ofresuscitationin shock? Help plz and show work plz The world on the turtles back Answer the following questions properly (complete sentences and direct citations/quotations where necessary) at some point, the audience of this story probably decided the world on the turtles back is a metaphorical, or figurative, and not literal. When do you think this occurred? Do you think it changed the meaning of the story? Why or why not? The Clifford Corporation has announced a rights offer to raise $17 million for a new journal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $6,000 per page. The stock currently sells for $42 per share, and there are 2.9 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Leave no cells blank - be certain to enter "0" wherever required.) b. If the subscription price is set at $34 per share, how many shares must be sold? How many rights will it take to buy one share? (Do not round intermediate calculations. Round your rights needed answer to 2 decimal places, e.g., 32.16.) c. What is the ex-rights price? What is the value of a right? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. A shareholder with 2,000 shares before the offering has no desire (or money) to buy additional shares offered as rights. What is his portfolio value before and after the rights offer? (Do not round intermediate calculations and round your answers to nearest whole number, e.g., 32.) Whats the value of X in this triangle A body with an initial velocity of 10m/s has an acceleration of 8m/s^2. Determine graphically the velocity after 5 seconds, & the distance travelled in that time. Verify your answer using the equations of motion. you decided to get a summer job since you were 14 as a lifeguard. you have made 2000 each summer. you placed all your earning in your savings account each year. It's 5 years later and you want to determine how much interest you have made. use the calculator to determine this What are the skills areas covered on the nursing assistant competency evaluation test? Check all that apply.diagnostic care skillsphysical care skillspsychosocial care skillstherapeutic care skills 1. Describe your Microsoft word skills that need to be improved upon the most. 2. Explain the Microsoft word skills you are most confident in performing. 3. How can your Microsoft word processing skills affect your overall writing skills on the job? A bin contains seven red chips, nine green chips, three yellow chips, and six blue chips. Find each probability. drawing a yellow chip, replacing it, and choosing a blue chip. Sodas in a can are supposed to contain an average 12 oz. This particular brand has a standard deviation of 0.1 oz, with an average of 12.1 oz. If the cans contents follow a Normal distribution, what is the probability that the mean contents of a six-pack are less than 12 oz?