General Mills is authorized to issue 13 million, $1 par common shares. During 2021, its first year of operations, General Mills had the following transactions: January 1 sold 11 million shares at $18 per share. June 3 purchased 5 million shares of treasury stock at $21 per share December 28 sold the 5 million shares of treasury stock at $23 per share What amount should General Mills report as additional paid-in capital in its December 31, 2021, balance sheet? Multiple Choice O O O $203 million $187 million $197 million $155 million
Answers
The amount General Mills should report as additional paid-in capital in its December 31, 2021, balance sheet is $103 million. Hence, option C is the correct answer.
Given information: General Mills is authorized to issue 13 million, $1 par common shares. During 2021, its first year of operations, General Mills had the following transactions:
January 1 sold 11 million shares at $18 per share.
June 3 purchased 5 million shares of treasury stock at $21 per share.
December 28 sold the 5 million shares of treasury stock at $23 per share.
General Mills sold 11 million shares of common stock at $18 per share, so the total amount of the sale is:
$18 x 11,000,000 = $198,000,000
In June, General Mills purchased 5 million shares of treasury stock at $21 per share, so the total amount of the purchase is:
$21 x 5,000,000 = $105,000,000
On December 28, General Mills sold 5 million shares of treasury stock at $23 per share, so the total amount of the sale is:
$23 x 5,000,000 = $115,000,000
The additional paid-in capital is calculated as the difference between the total amount received from the sale of shares and the par value of the shares issued. We can calculate the total amount of paid-in capital as follows:
Total paid-in capital = (Number of shares sold × Selling price per share) + (Number of treasury shares sold × Selling price per share) - (Number of treasury shares purchased × Cost per share)
Total paid-in capital = (11,000,000 × 18) + (5,000,000 × 23) - (5,000,000 × 21)
Total paid-in capital = 198,000,000 + 115,000,000 - 105,000,000
Total paid-in capital = 208,000,000 - 105,000,000
Total paid-in capital = $103,000,000
Therefore, the amount General Mills should report as additional paid-in capital in its December 31, 2021, balance sheet is $103 million.
Hence, option C is the correct answer.
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Related Questions
Why would a business want to help their employees obtain higher education? a. so they will be promoted within the year b. so they will be more effective and useful in the company c. so they will go back to school instead of working a job
Answers
B. it will make the employees more effective and useful in the company.
What are the reasons?
Here are some potential reasons:
Increased Skills and Knowledge: When employees have higher education, they gain valuable skills and knowledge that can be applied to their jobs. This can lead to better performance, increased productivity, and better decision-making.
Improved Retention: When employees feel supported and valued by their employer, they are more likely to stay with the company long-term. Offering educational opportunities can be a powerful way to demonstrate this support.
Succession Planning: By investing in their employees' education, a company can prepare them for leadership roles within the organization. This can help ensure that the company has a strong pool of talent to draw from in the future.
Attracting Top Talent: Offering educational opportunities can also be a way to attract top talent to the company. When potential employees see that a company is committed to supporting their growth and development, it can be a compelling reason to choose that company over others.
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Three key takeaways from the history of credit in america
Answers
The Diners Club Card in 1950 was the first credit card. The Franklin National Bank situated in Long Island, New York, issued the first bank credit card in 1951.
The profitability of credit cards did not last long before others saw it and by 1953, and 60 credit card programs were in the United States.It recorded the ability to pay back debts and proved responsible for their repayment.Following are the key purchases from American credit history:
Credit history is a record of your debt repayment abilities and of your responsibility for repaying it.Includes the number and types of credit accounts you have credited, the duration of your account's opening, the amount owing, the quantity of available credit, whether you pay bills on time, and the number of recent credit requests.You will earn rewards for strong credit history, like cheaper rates on mortgage loans and automotive insurance.Learn more:
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Explanation:
I hope this image will help you
What are the pros and cons of a mixed market?
Answers
A mixed economic system has aspects of both socialism and capitalism. A mixed economy protects private property and allows for some economic freedom in the use of capital, but it also allows governments to participate in economic activity in order to achieve social goals.
The following are the pros of a mixed economy:
It offers better options for the survival of both the public and private sectors.It maintains consumer supremacy to buy goods and products of their own choice.It has incentives for inventions and product methodology. It is controlled by the government to provide the customers with maximum benefits.It reduces economic imbalance.The following are the cons of a mixed economy:
Most of the economy is in favor of the private sector, helping them to gain more profit.It applies the taxes.It reduces competition.It tends toward government control.It introduces a sizable gap between poor and rich people.People pay for their most basic necessities by themselves.It does not guarantee steady employment.You can learn more about mixed economy at
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The independently owned and operated cafeteria inside the local hospital uses inputs such as
money, groceries, and labor to transform food into hot meals. In this scenario, which of the following
is a transformation process?
Answers
Answer: The transformation process in this scenario involves using inputs such as money, food, and labor to turn the food into hot meals.
Explanation: In this scenario, an independent cafeteria operated out of a local hospital takes money, food, and labor and turns them into hot meals. This transformational process is an important part of cafeteria operations as it creates meals that can be served to hospital staff, patients, and visitors. By taking these inputs and turning them into an end product (hot meals), the cafeteria demonstrates the basic principles of the transformation process. Therefore, in this scenario, the transformation process refers to the process of converting the inputs (money, food, and labor) into a finished product (hot food).
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marta and her sister ingrid co-own an organic food stand at the local public market. what type of ownership does this represent?
Answers
The type of ownership this represent is partnership
What is business partnership?A business partnership is a way of organizing a company that is owned and sometimes run by two or more people or entities. The partners share in the profits or losses.
Types of business partnership includes:
General partnershipLimited PartnershipLimited Liability PartnershipFeatures of Business partnership include:
Membership is limited and is from two to twenty.Objective: The main aim of forming this type of business organization is to make profit.Ownership: Membership is limited and is from two to twenty.Source of capital: The partners contribute the capital required for starting and running the business.Unlimited Liability: Members of a partnership have unlimited liability for the debts of the firm.Life span: The duration of the business depends on the agreement signed by the partners involved.Learn more about Business Partnership at:https://brainly.com/question/14034519
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What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answers
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
Encountering inappropriate content.Getting a computer virus.Having your identity stolen.To know more about the safety risks, visit:
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5 star and Brainliest to whoever can get this ASAP no explanation pls
Understanding the likelihood of failure is part of understanding the
A. Rates
B. Risks
C. Returns
An investment will grow faster with a monthly _____ interest rate
A. Compound
B. Simple
Investments with more liquidity include
A. Real Estate
B. Retirement Plans
C. Savings Accounts
Investments with less liquid include
A. Checking accounts
B. Personal property
C. Mutual funds
Answers
Answer:
B. Risks
A. compound
c. Savings Account
c. mutual funds
Answer:
Understanding the likelihood of failure is part of understanding the
✔ risks
.
An investment will grow faster with a monthly
✔ compound
interest rate.
Investments with more liquidity include
✔ savings accounts
.
Investments with less liquidity include
✔ personal property
.
Explanation:
You are the hiring manager at a large company in the fashion industry. You are planning to hire a new sales manager and have posted the position in several outlets. You are reviewing applications and are excited when you see Jeff's resume. He has extensive experience in customer relationship management and has exceptional recommendations. You conduct your first interview over zoom and Jeff is very impressive. You next check hisreferences and they are all great. You next invite Jeff to meet with leadership at the company. You are surprised when Jeff arrives and he is only five feet tall. After the meetings senior leadership expresses concerns regarding Jeff's height. They agree that Jeff is great but they are concerned how the customers will react because of his height. They note that his prior customer service experience was in software and not in the fashion industry. What is your reaction to these concerns?
Answers
As the hiring manager, I would reassure senior leadership that Jeff's height should not be a factor in his ability to perform as a sales manager in the fashion industry.
I would remind them that Jeff's extensive experience in customer relationship management and exceptional recommendations demonstrate his ability to excel in a customer-facing role. I would also point out that there are laws in place that prohibit discrimination based on physical characteristics such as height.
Furthermore, I would address their concerns about Jeff's lack of experience in the fashion industry by highlighting his transferable skills and ability to adapt to new environments. I would also suggest providing Jeff with additional training and resources to help him learn the nuances of the fashion industry and how to effectively sell fashion products.
Ultimately, I would emphasize that hiring based on height or any other physical characteristic is not only discriminatory but also irrelevant to the job requirements and would not align with our company's values and sales manager mission. I would urge senior leadership to focus on Jeff's qualifications and potential to contribute to the success of the company.
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The strategy for using the elements of product, price, place, and promotion.
A.
marketing strategy
B.
marketing plan
C.
mass marketing
D.
marketing mix
Answers
A. Marketing Strategy
definition of the term small business
Answers
Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answers
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69
Which issues will likely continue to dominate public finance in texas over the next biennium?.
Answers
Issues will likely continue to dominate public finance in texas over the next biennium growing antigovernment feelings encouraging cuts in services increasing population and related needs for increased services
Texas maintains a balanced budget because the State Constitution requires it. When combined countries and original deals levies in Texas are further than 10 of the individual purchase price. Texas's General Revenue Dedicated Fund serves as the state's main operating fund.
The property duty and the deals duty are the main sources of duty profit for original governments. The council doesn't have the indigenous authority to levy a state property duty. 3 The only permissible property levies are property levies levied by original authorities.
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Your friend is thinking of hiring a financial planner to help him manage his portfolio. What should he be on the lookout for? Why?
Answers
Answer:
You should look for How much money should I invest and where? What is my current net worth? Can I afford to retire? How do I invest to achieve my short and long-term life goals? How much money do I need and when? You should ask these questions because they are important to consider when your going to hire someone in the financial business.
Explanation:
However, these may not be what most people ask when they are going to hire a financial planner. This is just what I would question them and myself about.
under dodd-frank, a whistleblower can collect: a. between 10%-30% of any amounts recovered as penalties from the whistleblower’s company. b. only if the company is criminally convicted. c. only if the whistleblower files suit. d. only if the whistleblower leaves the company.
Answers
Under Dodd-Frank, a whistleblower can collect a percentage of any amounts recovered as penalties from the whistleblower's company. The correct option is a) between 10%-30% of any amounts recovered as penalties from the whistleblower’s company.
1. The Dodd-Frank Wall Street Reform and Consumer Protection Act is a law passed in the United States in response to the 2008 financial crisis.
2. The Act includes provisions to protect whistleblowers who report violations of securities laws.
3. Whistleblowers who provide original information leading to successful enforcement actions resulting in monetary sanctions exceeding $1 million are eligible for an award.
4. The amount of the award can range from 10% to 30% of the total amount collected by the Securities and Exchange Commission (SEC) or other regulatory bodies.
5. The percentage is determined by the SEC based on factors such as the significance of the information provided and the whistleblower's cooperation.
6. It is important to note that the whistleblower does not need to file a lawsuit or leave the company to be eligible for the award.
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MNCs tend to expand more when they can more easily access funds by issuing stock. In some countries, shareholder rights are very limited and the MNCs have a limited ability to raise funds by issuing stock. Explain why access to funding is more severe for MNCs based in countries where shareholder rights are limited?
Answers
MNCs tend to expand more when they can more easily access funds by issuing stock. In some countries, shareholder rights are very limited and the MNCs have a limited ability to raise funds by issuing stock.
The access to funding is more severe for MNCs based in countries where shareholder rights are limited because the limited shareholder rights indicate an insufficient legal framework to protect the interests of foreign investors. Therefore, a multinational company (MNC) based in a country with limited shareholder rights faces difficulties raising funds by issuing stock. One of the most effective methods of raising funds for expansion and development is through issuing stock. The less investor confidence is present in the country's legal system, the more difficult it is for MNCs to raise the necessary funds through stock issues.
The MNCs in these countries are constrained in their ability to raise funds, limiting their ability to expand. They are then forced to search for alternative sources of funding such as borrowing from banks, which can increase their financial risk and may not be sufficient to finance the company's expansion goals.In conclusion, limited shareholder rights in a country can affect the ability of multinational corporations (MNCs) to raise funds by issuing stock, which restricts the expansion and growth of the companies in that country.
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the fact that people feel short of time limits the effort they put into making purchases. true or false?
Answers
True. The feeling of being short on time can indeed impact the effort individuals put into making purchases.
When people perceive themselves as time-constrained, they often engage in what is known as time scarcity or time pressure. In these situations, individuals may make faster and less deliberative decisions in order to save time or avoid feeling overwhelmed. As a result, they may exert less effort in gathering information, comparing options, and thoroughly evaluating their purchase decisions.
This phenomenon has been observed in various studies and has implications for consumer behavior. When people perceive time constraints, they may rely more on heuristics (mental shortcuts) or make decisions based on immediate cues rather than engaging in extensive information processing. Retailers and marketers take these factors into consideration when designing strategies to accommodate time-constrained consumers, such as providing clear and concise information, offering convenience, and simplifying decision-making processes.
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a company’s _ tells you how much money the company has left over after subtracting all expenses
Answers
Answer:
A company's net profit tells you how much money the company has left over after subtracting all expenses.
Explanation:
A net profit, is when all of the companies money is spent on the things they need... and then it shows you what is left over. A company's profit is called net income or net profit. Net profit or income, is the total money remaining after accounting all of the cash flows, positive and negative numbers included.
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A customer purchases stock for $40 per share and holds it for 1 year, selling it for $50 per share exactly 12 months after the date of purchase. Four quarterly qualifying dividends of $.50 were paid during the year. If the customer's tax bracket is 30%, what is the after-tax rate of return?
Answers
Answer:
24.75%
Explanation:
the customer will be taxed in two different rates:
long term capital gains = $50 - $40 = $10 per stock x (1 - 15%) = $8.50
interests are taxed as normal income = (4 x $0.50) x (1 - 30%) = $1.40
total after tax gains = $9.90
after tax rate of return = $9.90 / $40 = 0.2475 = 24.75%
23. Which of the following statements is true regarding "information gain"?
a. "Information gain" can be obtained from reducing the value of information between branches (branch)
b. "Information gain" can be obtained from reducing the value of information between nodes (root)
c. "Information" gain is the difference between the entropy values between nodes (root)
d. "Information gain" is the difference between the entropy values of the nodes before and after
24. Which of the following statements about "clustering" is true?
a. All "clustering" techniques require humans to determine the number of clusters at the beginning
process
b. The dendogram on "clustering" is used to make it easier to determine the number of clusters that are needed
generated
c. All "clustering" techniques produce the same number of clusters, the difference is in
the accuracy produced by cach technique
d. The dendogram on "clustering" graphs the accuracy of the number of clusters
Answers
Regarding the statements about "information gain" and "clustering":
1. The correct statement is:
c. "Information gain" is the difference between the entropy values between nodes (root)
2. b. The dendrogram on "clustering" is used to make it easier to determine the number of clusters that are needed to be generated.
1. In decision tree algorithms, information gain is a measure of the reduction in entropy (or disorder) achieved by splitting the data based on a particular attribute or feature. It quantifies the amount of information gained when a specific attribute is used to partition the data into different subsets. The information gain is calculated by taking the difference between the entropy values of the parent node (root) and the weighted average of the entropy values of the child nodes (branches) resulting from the split. It helps determine the attribute that provides the most useful information for classifying the data.
2.
The correct statement is:
b. The dendrogram on "clustering" is used to make it easier to determine the number of clusters that are needed to be generated.
Clustering is an unsupervised machine learning technique used to group similar data points together based on their inherent patterns or similarities. The dendrogram, a tree-like diagram, is a visual representation commonly used in hierarchical clustering. It displays the relationships and distances between data points or clusters. By analyzing the dendrogram, one can determine the appropriate number of clusters by identifying the distinct branches or levels at which the data points are grouped together. The choice of the number of clusters is subjective and depends on the specific problem and domain knowledge. Clustering techniques do not necessarily produce the same number of clusters, and different algorithms may yield different results in terms of accuracy and cluster formation.
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Tom is a very discerning individual who keeps track of his income and expenditures. He lives in a rented house but wants to own a house in the future. To do this, Tom prepares an elaborate plan and tries sticking to it very strictly. However, he is concerned about eventualities that might occur in the future and disturb his plan. Which practice can help him prepare for any problems with his plan?
A- Regularly review and revise his plan
B- Get his plan reviewed and recreated by a financial expert
C- Make several investments to increase his source of income
D- abstain from making expenses, excluding few necessary ones
Answers
If Tom is a very discerning individual who keeps track of his income and expenditures. The practice that can help him prepare for any problems with his plan is; A- Regularly review and revise his plan.
What is planning?Planning can be defined as the way in which a person tend to develop or create a goal that he/she intend to achieve and work towards achieving it.
Based on the given scenario by regularly reviewing and revising his plan can help him prepare for any problems with his plan based on that that reviewing his plan will help him to known what may have negative effect or positive effect on his plan.
Therefore the correct option is A.
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Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a _____. a. middle manager b. first-line manager c. top manager d. team leader
Answers
Answer:
a. middle manager.
Explanation:
In this scenario, Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a middle manager.
A middle manager refers to an individual who acts as an intermediary between the executive management and the employee working with the company.
If you are recording your own audio clips, what is the best advice about
including a joke in a clip?
A. Effective speakers rarely include jokes in presentations.
B. It can help increase audience members' interest.
C. Jokes are not appropriate in persuasive addresses.
D. Jokes are appropriate, but only if the topic is humor
Answers
Answer:
B
Explanation:
As long as the joke is good
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Question # 11 Which of the following is NOT a reason why understanding communication styles should be important to you? O Helps you understand how others may perceive your actions O Helps you understand how others may perceive your words O Helps you understand how to adapt to other communication styles O Helps you understand why people communicate the way they do Read Question
Answers
Answer:
Helps you understand why people communicate the way they do
Explanation:
According to communication strategy, particularly on achieving collaborative communication between sender and receiver. It can be concluded that the reason, why understanding communication styles should be important to you, is that:
Understanding your communication style is likely to assist you in having a good idea of the way others may comprehend your words and actions.
Similarly, having good knowledge of other communication techniques and the best way to quickly adapt your communication styles to others, turns you into a helpful communicator.
Hence, in this case, the correct answer is "Helps you understand why people communicate the way they do."
Answer:
A.
Helps you understand why people communicate the way they do
Explanation:
Trust me vro
You are in charge of purchasing supplies for a lighting company and need to buy 125 feet of electrical wire. A local supplier sells the wire for $1.25 per foot, plus 5% sales tax. An online company sells the wire for $1.75 per foot. The online company also offers a rebate of 10% for the whole order and charges no additional sales tax. If you choose the better of the two prices, how much will you pay for the 125 feet of wire?
Answers
Answer:
$164.06 for the 125 feet
Explanation:
total costs from brick and mortar store = ($1.25 x 1.05) x 125 feet = $164.06
total costs from online store = $1.75 x (1 - 10%) x 125 feet = $196.88
after you compute the total costs per store, you should purchase the electrical wire from the brick and mortar store
What happens after the irs accepts your tax return?.
Answers
Answer:
First, they "stamp" the return with an electronic postmark, and then they will send it to the government.
Then you both wait 24 to 48 hours for the IRS to accept your return.
What are they doing? They are checking your personal information to make sure it matches their records.
If everything looks good, the IRS accepts your return.
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advantages of intensive strategies
Answers
Answer:
The advantage of applying an intensive distribution strategy is in generating revenue, product awareness and pushing for impulse buying.
As more products are sold, more money is earned.
As more locations carry the products, the more opportunities there are for manufacturers to make profit.
Explanation:
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73. What type of transactions ordinarily have high inherent risk because they involve management judgments or assumptions in formulating accounting balances? A. Estimation. B. Nonroutine. C. Qualified. D. Routine.
Answers
Transactions that involve management judgments or assumptions in formulating accounting balances are typically referred to as estimation transactions. These types of transactions usually involve a high degree of inherent risk due to the subjective nature of the estimates involved. The correct answer to the question is A. Estimation.
Examples of estimation transactions include the determination of allowance for bad debts, inventory valuation, impairment testing, and fair value measurements. In these cases, management must rely on a variety of assumptions and estimates, such as the estimated useful life of assets or the expected future cash flows from a particular asset or investment. These estimates may be based on historical data, industry trends, or expert opinions.
Given the subjectivity involved in estimation transactions, auditors must exercise a high degree of professional skepticism and perform additional audit procedures to validate the accuracy and completeness of the estimates. These procedures may include evaluating the reasonableness of the assumptions used, analyzing the sensitivity of the estimates to changes in key assumptions, and considering the reliability of the data used to support the estimates.
In summary, estimation transactions are high-risk transactions that require careful audit scrutiny to ensure the accuracy and completeness of the financial statements.The correct answer to the question is A. Estimation.
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What is one advantage of taking a course online instead of onsite?
A.
It is easier to access the printed course materials.
B.
You can usually do the coursework when it’s convenient.
C.
The quality of teaching is typically a little better.
D.
You can communicate with your teacher more effectively.
Answers
B. The coursework can usually be completed at a time that works for convenient - is one of the benefits of taking a course online rather than in person.
What are the benefits of taking courses online?There are advantages and disadvantages to learning online and in a virtual classroom, just as there are to learning in person on a physical campus. You'll find that one of the many advantages of online education is that it gives you more flexibility in your schedule, can lower the cost of your degree, and can make it easier to advance your career while you study.
Online education has many advantages, but there are also disadvantages to consider. In its own way, staying focused and being self-motivated can be difficult; which is one reason why not everyone is a good candidate for online education. You can get a better idea of whether online learning might be right for you and your career and education goals by learning more about its benefits and drawbacks.
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What are the key differences between strategic, operational, and analytical crm?
Answers
The significant distinction is that operational CRM is concentrated on customer-facing processes, while analytical CRM is better attuned to creating the organization's systems via customer insights.
What are the main features of the analytical and operational CRM software?Generally emitting, there are three primary types of CRM software: analytical CRM, collaborative CRM, and operational CRM. Analytical CRM is all around data—storing it, processing it, and completing it useful with insights into business operations.
What is strategic CRM example?A Collaborative CRM called a Strategic CRM – enables an institution to collect, organize, and transfer customer data across considerable teams.
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