it is a valid task to objectively determine whether some cultures are morally more superior to others. true or false?
Answers
False. It is not a valid task to objectively determine whether some cultures are morally more superior to others.
The concept of moral superiority is subjective and heavily influenced by individual beliefs, cultural norms, and personal values.
Morality itself is a complex and multifaceted concept that varies across cultures, and what may be considered morally superior in one culture may not be the same in another.
Cultural practices, customs, and values should be understood and evaluated within their own cultural context, rather than being subjected to an overarching universal hierarchy of moral superiority.
Respect for cultural diversity and the recognition of the inherent value of different cultures is important in fostering understanding and promoting tolerance in a global society.
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Related Questions
A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
Answers
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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Required information Internal Analysis: Looking Inside the Firm of Honda Corp.The strategic actions managers take link firm resources and capabilities. For example, investments in R&D labs (managerial actions) are one mechanism that links the resource (engineers) with the firm capability (product innovation). This activity is important because when multiple resources and capabilities are aligned on a single goal, the firm may have a core competency. For instance, Canon's ability in optics originates not just in the capability of its design engineers, but also in its precision in manufacturing. When a firm's core competency is at the heart of the product itsells, that product can be considered a core product. In the case of Canon, optics are at the heart of such products as cameras, camcorders, scanners, and projectors. The goal of this activity is look closely at Honda, and differentiate the important relationships between its firm resources, managerial actions, firm capabilities, core competencies, and core products.Read the case below and complete the activities that follow.Since 1959 Honda has been the world's largest motorcycle manufacturer. It is also the world's largest manufacturer of internal combustion engines-the core of many of Honda's products including sport boats, marine engines, off-road power sport vehicles (eg. ATVs, snow mobiles), an extensive line of power equipment (0.g., lawn mowers, electric generators. snow blowers), and cars. Over time, Honda has maintained as its core ability a dedication to the engineering and ongoing Innovation of these small, reliable, and powerful internal combustion engines. While Honda invested much in developing and maintaining this competency. In 1960. Its management made an important decision that later became central to the creativity and productivity of its engineers and designers. The research and development division separated from Honda Motor Company to form the independent company Honda R&D. This management decision helped facilitate a unique corporate culture built on excellence in innovation and engineering. Honda R&D continues to build on this important tradition by focusing on the spread of new ideas through cultural and regional diversity, as such, the firm now has five R&D centers located outside of Japan in North America, South America, Europe, Asia, and China. After reading the minicase on Honda, select the correct category for each of the items listed. Honda R&D continues to build on this important tradition by focusing on the spread of new ideas through cultural ang regional diversity, as such, the firm now has five R&D centers located outside of Japan in North America, South Ameri Europe, Asia, and China.After reading the minicase on Honda, select the correct category for each of the items listed. 1. Engineers (Click to sect) a. Managerial actions b. Resources separate companyc. Core products d. Core competencies e. Capabilities 2. Powerful and relable small engines (Click to select).a. Core products b. Capabilities able small engines c. Core competencies d. Managerial actionse. Resources3. Design and manufacture of small, reliable, and powerful internal combustion engines (Click to select) 4. Small engine innovation and engineering (Click to select) : 6. Strong R&D culture (Click to select).5. Sport boats, marine engines, ATVs, and power equipment Click to select) 5. R&D centers created worldwide (Click to select).6. Honda R&D is a separate company (Click to select) 7. Strong R&D culture (Click to select)
8. Scale manufacturing (Click to select)
Answers
1. Engineers (Click to select) - Resources, 2. Powerful and reliable small engines (Click to select) - Core Products and many more given below:
What is Resource?A resource is a source of supply, support, or aid, especially one that can be readily drawn upon when needed. Resources can be financial, such as money or materials, or they can be non-financial, such as time, energy, knowledge, or skills. Resources can also be tangible, such as land or equipment, or intangible, such as the rights granted by a patent. The most effective use of resources maximizes the benefit or output from a given input, or minimizes the cost of a given output.
3. Design and manufacture of small, reliable, and powerful internal combustion engines (Click to select) - Capabilities
4. Small engine innovation and engineering (Click to select) - Core Competencies
5. Sport boats, marine engines, ATVs, and power equipment (Click to select) - Core Products
6. R&D centers created worldwide (Click to select) - Managerial Actions
7. Honda R&D is a separate company (Click to select) - Managerial Actions
8. Strong R&D culture (Click to select) - Core Competencies
9. Scale manufacturing (Click to select) - Capabilities
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Question 20: If you are charged with selling/providing/delivering alcoholic beverages to an intoxicated person, the penalty is a Class B Misdemeanor. For the first offense, the maximum monetary penalty could be: *
Answers
There are punishment for any offense. Selling alcohol to an intoxicated person is a misdemeanor offense and punishable by a maximum fine of $500 and sometimes about a year in jail.
But sometimes, the effect often extend more than just criminal charges. The establishment or person that sold the alcohol could be given a fined or have their liquor license to be suspended.What is the penalty for selling alcohol without a License?One cannot sell alcohol without having the legal license or permit to do so.
There is a fines or jail time if a person sell alcohol without having authorization and one should not be selling/providing/delivering alcoholic beverages to an intoxicated person.
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List two products and then discuss how supply and demand appear to affect the prices of each of the products.
Answers
Answer:
As the supply of Gasoline goes up, the price goes down and the demand goes up, which the higher demand of gasoline will lower the supply and push the prices higher, which will lower the demand, and with the demand being low, the supply gets higher and the whole cycle starts again
calculating gross domestic product (gdp) by the income approach would require including
Answers
Calculating gross domestic product (GDP) by the income approach would require including Step 1: Identify the components of the income approach
The income approach includes the following components: compensation of employees, rent, interest, proprietors' income, corporate profits, taxes on production and imports, and net foreign factor income.
Step 2: Gather data for each component
Collect data for each of the components mentioned above.
This data can usually be obtained from government sources, such as the Bureau of Economic Analysis or national statistics agencies.
Step 3: Calculate the sum of all components
Add together the values of each component to find the total GDP by the income approach. The formula for this calculation is:
GDP = Compensation of Employees + Rent + Interest + Proprietors' Income + Corporate Profits + Taxes on Production and Imports - Subsidies + Net Foreign Factor Income
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If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note.
Please select the best answer from the choices provided
T
F
FIRST ANSWER GETS BRAINLIEST ;)
Answers
Answer:
I think t because it's to be nice because u never know they can reccomend u for something
Answer:
The answer is False
Explanation:
I took the test on e2020
Who owns the TD bank? Is it the government?
Answers
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select- its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select- the stock's intrinsic value) and avoid stocks that are overvalued. The value of a stock today can be calculated as the present value of -Select- stream of dividends:
Answers
Answer:
marginal investor
equal
less
infinite
Explanation:
the value of a stock depends on the sum of the value of the dividend yield and capital gains yield
dividend yield = dividend / price of the stock
capital gains yield is a change in the value of the stock as a result of appreciation in the value of the stock.
The intrinsic value of a stock can be calculated using various dividend models. some of them include :
The Gordon constant growth dividend model The two stage dividend growth model The H-model The three stage dividend growth modelThe market is in equilibrium when price equal intrinsic value
a stock is undervalued when the price of the stock is less than its intrinsic value
A stock is overvalued when the price of the stock is greater than its intrinsic value.
An investor would want to purchase a stock that is undervalued so that they can take advantage of increase in the value of the stock
Th dividend used to calculate the intrinsic value is infinite. This is because dividends are paid infinitely as long as the investor holds the stock and the company exists
the assets and liabilities of a company are $88,819 and $45,074, respectively. stockholders' equity should equal
Answers
The corporation has $88,819 in assets and $45,074 in liabilities, respectively. Equity held by stockholders will be $43745.
How do you calculate stakeholder equity?Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment.
Any investment made by the business's owner counts as equity, as do the total assets less the total liabilities. To give just a few examples, consider common stock, additional paid-in capital, preferred stock, retained earnings, and total other comprehensive income.
The overall liabilities of a company are subtracted from the total assets to determine the stockholders' equity.It is the number of assets still in their possession after all liabilities have been settled. Common stock, paid-in capital, retained earnings, and treasury stock are all examples of stockholders' equity.We have: 88819 - 45074 = 43745
Consequently, the equity of the investors will be $43745.
Therefore, the corporation has $88,819 in assets and $45,074 in liabilities, respectively. Equity held by stockholders will be $43745.
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When Martin reads a story out loud, he stops to emphasize all important words and even makes funny voices to go along with the story. What element of reading fluency is Martin using?
rate
accuracy
speed
expression
Answers
Answer:
It's expression or on edge D
Explanation:
Answer:
D
Explanation:
good luck :)
An investor purchased 50 shares of stock in a company for $600. One year later, the investor sold all 50 shares for $13 per share. What is the investor's rate of return?
Answers
Answer: $50
Explanation: he invested 600 and sold them all for $13 per share and
13 X 5 = 650 so his return on investment is $50.
the current trend in women's apparel industry is toward:
Answers
The current trend in the women's apparel industry is towards a focus on inclusivity, sustainability, and individual expression.
Inclusivity: There is a growing emphasis on inclusivity in the women's apparel industry, with brands and designers recognizing the importance of representing diverse body types, ethnicities, ages, and abilities.
This trend aims to cater to a broader range of consumers and promote body positivity and diversity.
Sustainability: The fashion industry as a whole is moving towards more sustainable practices, and this trend is also evident in women's apparel. Consumers are increasingly concerned about the environmental impact of clothing production and are seeking out brands that prioritize ethical sourcing, use of eco-friendly materials, and responsible manufacturing processes.
Sustainable fashion includes initiatives like upcycling, recycling, reducing waste, and promoting fair trade.
Individual expression: Another trend in the women's apparel industry is a focus on individual expression and personal style. Consumers are seeking unique and personalized clothing options that reflect their personalities and allow them to express their individuality.
This trend has led to a rise in customization options, capsule wardrobes, and the popularity of vintage or thrifted clothing.
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You purchased a stock last year priced at $85. The stock paid a dividend of $3.20 and is currently priced at $62. What return did you earn on the stock
Answers
The return earned on the stock is 1.9%, which is a low return due to the significant capital loss.
The total return is the sum of the capital gain (or loss) and any income generated from the investment, expressed as a percentage of the original investment.
In this case, the capital gain is negative since the current price of the stock is lower than the purchase price. The capital loss is calculated as follows:
Capital Loss = (Current Price - Purchase Price) / Purchase Price
Capital Loss = ($62 - $85) / $85
Capital Loss = -0.29 or -29%
The income generated from the investment is the dividend paid, which is $3.20.
Using the formula for total return:
Total Return = (Capital Gain/Loss + Income) / Original Investment x 100
Total Return = (-0.29 + 3.20) / $85 x 100
Total Return = 0.019 or 1.9%
It is important to note that the current market conditions, industry trends, and company performance can all affect the return on a stock investment. As such, it is essential to conduct proper research before investing and to regularly monitor the investment to make informed decisions.
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if bursia exports $35 billion in services to karazakistan, and imports $40 billion of services from karazakistan, what is the services trade balance for bursia?
Answers
The services trade balance for Bursia is -$5 billion (a deficit of $5 billion).
To calculate the services trade balance between Bursia and Karazakistan, you need to subtract the value of imports from the value of exports. In this case, Bursia exports $35 billion in services to Karazakistan and imports $40 billion in services from Karazakistan.
Step-by-step explanation:
1. Identify the value of exports: $35 billion
2. Identify the value of imports: $40 billion
3. Calculate the trade balance: Exports - Imports = Trade Balance
4. Substitute the values: $35 billion - $40 billion = -$5 billion
Interpret the result:
The negative sign indicates that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan. Bursia's trade deficit may have a negative impact on its overall balance of payments, as it represents a net outflow of funds from the country. It may also have implications for the competitiveness of Bursia's services sector and its ability to create jobs and generate economic growth.
The result is -$5 billion, indicating that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan.
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Select all that apply.
Learning styles include all of the following:
bodily/kinesthetic
verbal/linguistic
naturalistic
personal
Answers
Answer:
bodily/kinesthetic
verbal/linguistic
Explanation:
Learning styles can be regarded as range of competing as well as contested theories which analyse
differences that exist learning of in individuals. It should be noted that the Learning styles includes
✓bodily/kinesthetic
✓verbal/linguistic
Answer:
verbal/linguistic
bodily/kinesthetic
naturalistic
Explanation:
checked answer on Odyssey
Slogan for voice notes it’s a notebook that’s writes for u when u speak
Answers
T/F. from the study of behavioral finance, we have learned that limited attention bias can explain why minority groups face frictions in accessing financial resources.
Answers
It is true that from the study of behavioral finance, we have learned that limited attention bias can explain why minority groups face frictions in accessing financial resources.
From the study of behavioral finance, we have learned that limited attention bias can explain why minority groups face frictions in accessing financial resources. Limited attention bias refers to the tendency of individuals to focus their attention on a limited set of information or choices, while ignoring other important information or options.
Minority groups may face frictions in accessing financial resources due to limited attention bias in several ways. For example, they may be less likely to be aware of the financial products and services available to them or may have difficulty navigating complex financial systems. Additionally, they may be more likely to face discrimination or biases from financial institutions, which can further limit their access to financial resources.
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If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more than average, what is the average annual income for persons holding bachelor’s degrees (round to the nearest thousand)?
Answers
Answer:
$48,840.00
Explanation:
If the average income is $37,000
A graduate expects to earn 32% above average.
The graduate will earn $37,000 +( 32% of $37,000)
=$37,000 +(32/100 + 37,000)
=$37,000 + $11,840.00
= $48,840.00
Answer:
49000
Explanation:
(source) TRUST ME
im being serious tho it is 49000
I no study
I no care
I go marry a millionaire
If he d.i.e
I no c.r.y
I go marry another guy
Answers
This app is getting(c)(r)(a)(z)(y)
Answer:
Ummm okay bye
Explanation:
Differentiate the differences between a Vickrey auction and an
English auction?
Answers
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In Mark's absence, what source of power does Sherry have in enforcing Ollie's holiday scheduling policy?
Answers
Answer: Legitimate power
Explanation:
The source of power that Sherry has in enforcing Ollie's holiday scheduling policy is refered to as the legitimate power.
Legitimate power simply means the power that one has based on the formal position that is being held by the person in an organization. This usually applies to person who are in position of authority in the organization.
Therefore, the correct answer is legitimate power.
Does anyone know were I can find all the answers to EverFI
Answers
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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when the government requires that a person have a license to work in a particular occupation, then in the labor market for that occupation: demand increases. supply increases. supply decreases. demand decreases.
Answers
The government requires that a person have a license to work in a particular occupation, then in the labor market for that occupation supply decreases. Thus, option C is correct.
What is a occupation?A job is all the tasks completed by a certain individual to carry out her or her duties, while occupation relates to the type of work done in a job. An occupation is just a group of jobs with enough similarities in the work they entail.
When the government mandates that even a person hold a licence in order to perform a specific job, the labor market supply for just that industry declines.
Therefore, option C is the correct option.
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Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contracts for as much as five hundred thousand dollars. Oracle's motivation for this lies in: Group of answer choices accelerating the shift of open source software towards a proprietary regime. impoverishing other open source developers and furthering its own proprietary offerings. protecting itself from the risks of distributing code while unaware of legal implications. using open source software to fuel sales of hardware. using open source software to wean customers away from competitors.
Answers
Answer: using open source software to wean customers away from competitors.
Explanation:
From the question, we are provided the information that Oracle, a firm that sells commercial ERP and database products, provides Linux for free.
Based on other information given in the question, we can infer that Oracle's motivation for this lies in using open source software to wean customers away from competitors.
Since Linux is being provided free by Oracle, this is a way of moving customers towards the company and away from other competitors.
Why is obtaining a college degree important for many of the careers that you've learned about in this unit? Can you think of any careers that might not require a college degree? Why or why not?
Answers
Obtaining a college degree is important for many careers for several reasons:
Demonstrates skills and knowledgeJob opportunities:What is important of degree?Demonstrates skills and knowledge: A college degree demonstrates that you have acquired the skills and knowledge necessary to perform a particular job. This is especially true for professions that require technical expertise, such as engineering or medicine.
Job opportunities: Many employers require a college degree for certain positions, and having one can open up more job opportunities. In some cases, having a degree may be a prerequisite for being considered for a job.
Higher earning potential: Generally, people with college degrees earn more over their lifetimes than those without. This is because a degree can lead to higher-paying jobs and opportunities for advancement.
Personal growth and development: College can be a transformative experience that helps individuals grow and develop in a number of ways, including intellectually, socially, and emotionally.
Networking: College provides opportunities to build relationships with professors, peers, and alumni, which can lead to valuable professional connections and opportunities.
Overall, obtaining a college degree can be an important step towards achieving personal and professional goals, and can provide individuals with a competitive edge in the job market.
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why should an organization not rely only on roi to select projects?
Answers
An organization should not rely only on ROI (Return on Investment) to select projects because ROI is a financial metric that focuses solely on the financial return and does not capture other important factors such as strategic alignment, risk, and intangible benefits.
While ROI is a valuable metric for evaluating the financial viability of a project, it does not provide a comprehensive view of the project's overall impact on the organization. Projects that have a lower ROI may still be strategically important, contribute to long-term growth, or provide intangible benefits like improved customer satisfaction or enhanced brand reputation.
Strategic alignment is crucial for selecting projects that align with the organization's goals and objectives. A project might have a high ROI but if it does not align with the organization's strategy, it may not be the best choice.
Risk is another important factor. Some projects with high potential returns may also carry high risks. Evaluating and managing the risks associated with a project is essential to ensure its successful execution and avoid detrimental consequences.
Intangible benefits such as increased customer loyalty, enhanced employee morale, or improved public relations are often difficult to quantify in monetary terms but can have a significant impact on the overall success and sustainability of an organization.
While ROI is a valuable metric, it should not be the sole criteria for project selection. Organizations should consider multiple factors such as strategic alignment, risk assessment, and intangible benefits to make informed decisions about project investments. A holistic approach that takes into account both financial and non-financial aspects ensures a more comprehensive evaluation and supports the organization's long-term success.
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Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground for the city of Northville. All construction plans and documents have been provided as well as a budget amount and completion date. Based on the above scenario, and assuming the project manager has studied all construction plans and documents and reviewed the budget, the next step for the manager will be to __________.
Answers
Explanation:
create a project schedule flow chart
Terry invested $2,000 today in an investment that pays 6.5 percent annual interest. Which one of the following statements is correct, assuming all interest is reinvested?
a. terry will earn the same amount each year
b. terry will earn simple interest
c. terry will earn an increasing amount of interest each and every year
d. terry could have the same future value and invest less than $2000 initially if he could earn more than 6.5 percent interest.
e. terry's interest for year two will be equal to $2000
Answers
Solved Terry made an investment today worth $2,000 in business finance answers to his questions. Terry put $2,000 into an investment today that yields 6.5 percent a year.
What is Business Finance?
business groups raise and manage finances using business finance. The finance manager, who typically occupies a position towards the top of the internal hierarchy of a company, is responsible for planning, analyzing, and controlling operations. Significant financial decisions are frequently made by a budget committee in very large companies. The owner-manager typically oversees the financial operations in small businesses. Lower-level employees handle a large portion of the day-to-day tasks associated with business finance, such as managing cash receipts and payments, regularly and continuously borrowing from commercial banks, and creating cash budgets. Both the profit and the risk of a company's operations are impacted by financial decisions.
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On June 1, Covid issues 1,000 shares of $10 par value 5% cumulative preferred stock for 13,000 cash. What is Covid's journal entry on June 1 to record the issuance? DR CR CR Covid records $20,000 of Net Income in June and declares and pays a $5,000 cash dividend. Combine Covid's May activity (prior sheet) with June activity to create Covid's Statement of Shareholders' Equity as of June 1
Answers
Journal Entry on June 1:
DR: Cash $13,000
CR: Preferred Stock, $10 par value $10,000
CR: Additional Paid-in Capital - Preferred Stock $3,000
Explanation:
The journal entry on June 1 records the issuance of 1,000 shares of $10 par value 5% cumulative preferred stock for $13,000 in cash. The cash received from the issuance is debited for $13,000. The Preferred Stock account is credited for the par value of the shares, which is $10,000 (1,000 shares * $10 par value). The difference between the cash received and the par value is credited to Additional Paid-in Capital - Preferred Stock, amounting to $3,000 ($13,000 - $10,000).
Statement of Shareholders' Equity as of June 1:
Common Stock:
Beginning Balance (May): $50,000
Issuance of Common Stock (if any): -
Ending Balance: $50,000
Preferred Stock:
Beginning Balance (May): -
Issuance of Preferred Stock (June): $10,000
Ending Balance: $10,000
Additional Paid-in Capital:
Beginning Balance (May): $20,000
Issuance of Preferred Stock (June): $3,000
Ending Balance: $23,000
Retained Earnings:
Beginning Balance (May): $15,000
Net Income (June): $20,000
Cash Dividend (June): ($5,000)
Ending Balance: $30,000
Total Shareholders' Equity:
Beginning Balance (May): $85,000
June Activity: $10,000 (Preferred Stock issuance) + $3,000 (Additional Paid-in Capital) + $20,000 (Net Income) - $5,000 (Cash Dividend) = $28,000
Ending Balance: $113,000
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