Pharma Shop Ltd. ta mid-sized public company that had been in operation for many years. On December 31, 2015, it had unlimited number of common shares authorized and 5.2 million shares issued at an average value of $25 5 million preferred shares authorized, with 250,000 of them issued at $20 per share. The balance in retained $26,610.000. The balance in accumulated other comprehensive income was $525.000. The preferred shares pay an annual dividend of $2 per share. During 2020, the following transactions affected shareholder's equity:
1. In total, 200,000 new common shares were issued at $30 per share
2. The preferred dividend for the year was declared and paid.
3. A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration.
4. In early December 2020, a dividend of $1.50 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year.
5. The company earned a net income of $14,820,000 and had an other comprehensive loss of
$145,000
6. On December 31, 2020, the company declared a two-for-one stock split on common shares.
Using the table below, track all the changes in the shareholders equity account for 2020. Total the amounts
Answers
Based on the provided information, let's track the changes in the shareholders' equity account for Pharma Shop Ltd. in 2020. We will use the following table to summarize the transactions:
Now, let's go through each transaction and fill in the table:
Issuance of new common shares:
200,000 new common shares were issued at $30 per share.
Common shares: +200,000
Total Shareholders' Equity: +($30 * 200,000)
Preferred dividend declared and paid:
The preferred dividend for the year was declared and paid.
Preferred Dividends: -(Number of preferred shares * Dividend per share)
Declaration and issuance of common stock dividend:
A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration.
Common shares: +10% of existing common shares
Total Shareholders' Equity: -(10% * market price * existing common shares)
Declaration of common dividend:
A dividend of $1.50 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year.
Common Dividends: -(Number of common shares * Dividend per share)
Net income and other comprehensive loss:
Net Income: +$14,820,000
Other Comprehensive Income: -$145,000
Stock split:
A two-for-one stock split was declared on common shares.
Common shares: +100% of existing common shares
Total Shareholders' Equity: No change (Stock split doesn't affect total equity)
After filling in the table, you can calculate the total amounts for each category by summing up the changes.
Transaction Common Shares Preferred Shares Retained Earnings Other Comprehensive Income Total Shareholders' Equity
Beginning Balance 5,200,000 250,000 $26,610,000 $525,000
1. Issuance of new common shares +200,000
2. Preferred dividend declared and paid
3. Declaration and issuance of common stock dividend +
4. Declaration of common dividend
5. Net income and other comprehensive loss
6. Stock split
Ending Balance
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Related Questions
Compared to a short-term investment, what is the general return of a long-term investment? A) A long-term investment has a similar return to a short-term investment.
B) A long-term investment has a greater return because it has greater risk.
C) A long-term investment has a greater return because it has lower risk.
D) A long-term investment has a lower return because it has lower risk.
Answers
Let understand that "short-term investment" are investments that can be easily converted to cash and has a maturity period of less than a year. Example of this investment are Money Market.
"Long term investment" are investment that runs over a long period of time and yield higher return than the short-term investment". Example of these investment are stocks, bonds, real estate
People invest in "Long term investment" because its offers more risk for higher rewards.
In conclusion, long-term investment has a greater return because it has greater risk.
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Answer:
Compared to short-term investment, what is the general return of long-term investment?
Long-term investment has a similar return to short-term investment.Long-term investment has a greater return because it has greater risk.Long-term investment has a greater return because it has lower risk. <<<CORRECTLong-term investment has a lower return because it has lower risk.Explanation:
Edge 2022
The type of demand which is tied to the production of another item (table legs are an example) is
A. Periodic
B. Dependent
C. Continuous
D. Independent
Answers
When the demand of a good or service is tied to the production of another, it is said to be B. Dependent demand.
What is dependent demand ?Demand for sub-assemblies, raw materials, or component parts is known as dependent demand. Before there is desire for a parent item, which is often a product, this demand does not exist. Dependent demand is the concept that the demand for one product is influenced by the demand for another,
The demand for a dependent item may rise or fall in reaction to the rise in demand for a parent item. The maker must ascertain the nature of the relationship between the kid item and the parent item in order to establish the requisite production level and materials.
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What would be the total cost of software F
over time?
$[?]
$6,000
Software E
Software F
$10,000
Satisfaction 75%.$0
Not Satisfied
Satisfaction,
Not Satisfied
25% $12,500
90%-$0
10% $5,000
Enter
Answers
The total cost of software F over time is - $3000.
The total cost of software E over time is $1,900.
Data and calculations:
Software cost F = 10,000
Satisfaction rate with F software = 75%
Cost of satisfaction level = 0
Dissatisfaction level cost = 12,500
Percentage of unsatisfied = 25%
The total cost of F software over time is - $3000 {($10,000 x $75% - $0) + ($10,000 x $25% - $12,500)}.
Software cost X = 6,000
Satisfaction rate with software X=90%
Cost of satisfaction level = 0
Dissatisfaction level cost = 5,000
Percentage of unsatisfied = 10%
The total cost of E software over time is $1,900 {($6,000 x 90% - $0) + ($6,000 x 10% - $5,000)
What is total cost?Total cost refers to the amount of economic cost of production and consists of variable cost, which varies depending on the quantity of a good produced with inputs such as labor and raw materials, plus fixed cost, which is independent of the quantity of a good produced plus inputs that cannot be varied in the short term such as buildings and machinery, together with possibly sunk costs.
Therefore, the correct answer is as given above.
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which of the following is NOT one of the factors considered in the FICO scoring system? A) level of debt B) employment history C) variety of debt sources D) length of credit history
Answers
Factors considered in the FICO scoring system is (B) employment history is the correct option. These five components comprise FICO scores: History of payments (35%), Owed sums (30%),Credit history duration(15%)(4% new credit), Five credits (10%).
A major component of the credit report that lenders use to determine the credit risk of applicants is a sort of credit score called a FICO score. Poor payment history is referred to as having bad credit, and it frequently shows up as a low credit score. The five variables that affect FICO scores are shown below along with their contributions.The payment history makes about 35% of the FICO score.Owed sum - accounts for 30% of FICO rating.The length of credit history makes up 15% of the FICO score.Credit mix: 10% of the FICO score is based on this.Fresh credit - 10% of the FICO score is derived from it.As a result, option (B) is the best choice because payment history accounts for 35% of the FICO score.
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what evidences a cooperative resident's ownership rights for their unit?
Answers
A cooperative resident's ownership rights for their unit are evidenced by a proprietary lease or occupancy agreement, shares in the cooperative corporation, and the cooperative's bylaws.
In a cooperative housing arrangement, residents do not own their units outright but instead hold shares in a cooperative corporation. The cooperative resident receives a proprietary lease or occupancy agreement that grants them the exclusive right to occupy a specific unit within the cooperative building. This lease outlines the resident's rights and responsibilities, including their ownership rights and obligations.
Additionally, the resident will hold shares in the cooperative corporation, which represents their ownership interest in the entire cooperative property. The number of shares they hold typically corresponds to the size and value of their unit.
The cooperative's bylaws further establish the resident's ownership rights by outlining the governance structure, rules, and regulations governing the cooperative and its shareholders.
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ppens
Which of these is not a source of bank credit?
A Credit Card
A Cash Value Loan
A Mortgage
• An Equity Loan
Answers
Offering extrinsic rewards as a motivator fits best with which theory of learning?
Answers
Answer: Extrinsic Motivation
Explanation:
a formal, written guide to action for employees in an organization is known as a ________.
Answers
"A formal, written guide to action for employees in an organization is known as a policy."
A policy is a set of rules or guidelines that an organization establishes to regulate its operations and behavior. Policies can cover a wide range of topics, such as employee behavior, safety protocols, data security, and ethical standards. They are usually developed by the management team and communicated to employees through an official document. Policies help to ensure consistency in decision-making and behavior across the organization and provide a framework for employees to follow when making decisions or taking actions.
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Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Find the total graduated commission for 26 cooking demonstrations if the commission is $2 for the first 20 demonstrations; $5 for all demonstrations over 20 .The total graduated commission is
Answers
Answer:
70
Explanation:
2×20=40 5×6=30
you get 6 from 26 $5 for all demonstrations over 20 which is 6
1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answers
Answer:
hey what kind of watch is that in your profile pic
Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
Answers
Japan
What is the controllability principle? Why is it important for
designing performance measures?
Answers
The controllability principle is a concept in management accounting that suggests that performance measures should only consider factors that managers can control or influence directly.
It emphasizes the importance of designing performance measures that accurately reflect a manager's ability to affect outcomes and make decisions.
The principle recognizes that managers should be held accountable only for those aspects of performance that are within their control. By excluding uncontrollable factors, such as changes in the external environment or the actions of other individuals, the controllability principle helps ensure that performance measures are fair and realistic.
Designing performance measures based on the controllability principle provides several benefits. First, it allows managers to focus on areas where they can have the greatest impact, fostering a sense of ownership and responsibility. Second, it promotes motivation and performance improvement by providing meaningful targets that managers can actively work towards. Lastly, it facilitates performance evaluation and comparison across different units or individuals by eliminating the influence of external factors that are beyond their control.
Overall, the controllability principle helps in creating performance measures that are meaningful, fair, and supportive of effective decision-making and performance management.
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The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar?
Select: 1
A. $1,200
B. $400
C. $1,182
D. $2,382
Answers
Answer:
a. $1,200
Explanation:
Note: The full question is attached below
Number of training hours = 40 hour
Cost per hour = $30
Total cost = Number of hours * Per unit cost
Total cost = 40 * $30
Total cost = $1,200
how does marmite use product differentiation
Answers
Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
What do you mean by the product differentiation?
The feature or features that set your product or service apart from the competition for your target market are known as product differentiation.
It improves brand loyalty, sales, and growth by highlighting the differences between what you sell and what your rivals provide. These comprise vertical differentiation, mixed differentiation, and horizontal differentiation.
In the financial situation of today, product differentiation is crucial. It enables the seller to highlight the distinctive qualities that make their product outstanding by drawing comparisons between their own product and those of the market's rival products.
Therefore, Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
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a car starts from rest and reaches a speed of 20m/s in 5 second what is the acceleration of the car
Answers
Answer:
The car's acceleration is 10 m/\(s^{2}\)
Explanation:
The "acceleration" tells you how the velocity's rate changes over a specific period of time.
The formula is: a (acceleration) = \(\frac{change in velocity}{change in time}\)
The velocity changed from 0 m/s to 20 m/s while time changed from 0 sec. to 5 sec.
Therefore: a = \(\frac{20 m/s}{5 s}\) = 10 m/\(s^{2}\) (this refers to the rate at which the car's velocity changed over time)
what best describes the role of government in a free enterprise system?
Answers
Answer:
Allow individuals to operate their businesses in ways they think will maximize their profits.
Explanation:
Explain law of demand and supply along with graphical representation and how can we determine the price of any commodity?
Answers
Answer:
The Law of Demand and Supply help us understand how prices are reached in a market.
The Law of Demand states that the higher the price of a good, the lesser the quantity demanded of that good by consumers. Looking at the graph attached, you will see that the demand curve is downward sloping. This is because of the law of demand.
Notice that when the price of the good is $20, there are 4,000 units demanded but when the price goes up to $30, there are now 3,000 units demanded. Consumers demand less of a good as it gets more expensive because it increases their opportunity cost. This means that the money they are spending on a good could be spent elsewhere and if that amount keeps rising, it reduces the quantity of other goods they can get.
The Law of Supply applies to suppliers and states that as prices increases, Suppliers will supply more goods and services because they will have the incentive of more profit guiding them. For that reason the Supply curve will be upward sloping. Notice how at a price of $20, the supply is only 2,000 but when the price rises to 30, the supply increases to 3,000.
The price of a commodity is determined at the Equilibrium point where the Demand and Supply Curves intersect. At this point, the amount that people are willing to pay for a certain quantity of goods matches the price that suppliers are willing to supply the same quantity of goods for. In the graph you will notice that price is $30 and the quantity is 3,000.
Picture your ideal retirement and describe.
Answers
Answer:
Lots of money
Explanation:
I would want to save up in order to play sports and video games all day. I would also like to travel a lot
Answer:
Explanation:
I am retired. I have a pension that takes care of my needs for now. It won't once the economies realize what they've done. Practically no one will be able to retire.
So I'm lucky in that I can pretty much do what I want within the jurisdiction where I live. Right now the virus is leading us on a merry chase and our borders are closed. I'm told it's a good thing because the medical care is being overwhelmed. I certainly didn't plan that.
I have the best care that anyone could wish for. I have Cancer but my two specialists take of me with a medication that only 10% of the population respond to, so I'm lucky. That's something I didn't plan on either but I should have. Both my parents succumbed to Cancer. And you have to take into account the bad with the good.
I love to travel and look forward to the borders opening up. Nothing is going to hold me up. You must always figure on what interests you have to become what you like to do. Everyone where I am does have an interest, but I don't think watching television should really count. I do like answer questions on Brainly. I've learned how to write answers that I'm satisfied with, even if students are not.
which process involves selecting information technology projects and assigning resources?
Answers
The process that involves selecting information technology projects and assigning resources is commonly known as IT project portfolio management.
Organizations use IT project portfolio management as a strategic method for selecting, prioritizing, and managing their portfolio of IT projects. It entails assessing and choosing IT projects based on how well they align with organizational goals, the expected benefits, the necessary resources, and the risks.
Organizations evaluate the potential value and viability of various IT projects during the IT project portfolio management process and allocate resources accordingly. This entails assessing the business cases for the projects, estimating the resources needed such as budget, personnel, and infrastructure, and choosing which projects to pursue, continue, or end.
IT project portfolio management aims to maximize resource and investment distribution across projects, ensuring that they are in line with the organization's strategic goals and produce the desired results.
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1-a. using these estimates, calculate the amount by which income from operations would increase (decrease). 1-b. should the company extend credit?
Answers
Operations revenue is reduced by $4,343.75
Since the corporation increases its credit by $5,000, it follows that the credit would be increased.
At the conclusion of the accounting period, the corporation prepares the financial statement of profit and loss. It displays the overall earnings for the accounting period as well as the total costs incurred. The difference between the entire revenue and the total expenses is the income from operations.
The following details have been provided for Nutty Productions Inc.
$32,000 is the total revenue for the service.
The operating revenue is $11,000.
Percentage of income from operations to total service revenues
= (income from operations / total service revenues) x 100
= ($11,000 / $32,000) x 100
= 0.34375 x 100
= 34.375%
The current operating income margin is 34.375%.
$63,000 has been added to the revenue as a result of the credit extension.
The increased revenue is computed as follows.
Additional revenue times the percentage of income from operations equals additional revenue earned.
=$63,000 x 34.375%
=$21,656.25
The increased earnings total $21,656.25.
the $26,000 in additional costs that must be paid
Below is a calculation of how much Income from Operations has increased or decreased.
increase/ (decrease) in Income from Operations
= additional income generated - additional expense incurred
=$21,656.25 - $26,000
= ($4,343.75)
The income from operations is down by $4,343.75
The entire income would be if credit were not granted, which would be
= Service revenue + operating income
= $32,000 + $11,000
= $43,000
In the event that credit is granted, the total revenue would be
= Service revenue - Additional costs for wages and bad debts - Income from operations
= $63,000 + $11,000 - $26,000
= $48,000
Since the business offers credit increases by $5,000 then it means that the company will extend its credit.
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COMPLETE QUESTION:
Nutty Productions Inc. generated service revenue of $32,000 and income from operations of $11,000. The company estimates that had it extended credit it would have instead generated $63,000 of service revenue, but it would have incurred $26,000 of additional expenses for wages and bad debts.
1-a. Using these estimates, calculate the amount by which Income from Operations would increase (decrease).
b. should the company extend credit?
WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?
Answers
Explanation:
benefits of being a sole trader
The main benefit of being a sole trader is that you are your own boss and you can dictate the direction of the business.you keep all the profits andyou have maximum privacy.
drawbacks
Financing and business credit is harder to procurePotential credibility issueit's easy to change your legal structure later if circumstances change you can easily wind up your business.
You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?
Answers
Answer:
register this as a credit transaction waiting for payment processing
Explanation:
The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.
differentiate between homogeneous mixtures and heterogeneous mixtures
Answers
Answer:
A homogeneous mixture is a solid, liquid or gaseous mixture that has the same proportions of its components throughout any given sample. Conversely, a heterogeneous mixture has components in which proportions vary throughout the sample.
When Frozen DeLites Ice Cream moved from its longtime storefront to a famous resort area, it took a big risk. However, the owners were confident that its unique ice cream treats would win customer raves. Fortunately, one of the members of the family business was convinced the shop needed to stay in touch with its customers. Frozen DeLites collects names and email addresses of its customers and maintains a presence on a few social media sites in order to send messages about promotions and coupons to valued customers.
Marketing professionals refer to this strategy as: _________
Answers
Marketers professionals refer to the strategy of collecting customer names and email addresses and maintaining a presence on social media sites to send messages about promotions and coupons to valued customers like relationship marketing.
This strategy of creating relationships with customers has as its main objective the generation of value and customer loyalty through a closer and more direct relationship.
Relationship marketing is a strategy that has had a greater impact with technological development, social media for example, has strengthened communication between company and customer, making the relationship closer and more dynamic.
Therefore, companies that use relationship marketing create value through content that generates benefits and customer engagement with the company, increasing loyalty and positioning in the market.
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Your office is hosting a big meeting with some of its international
clients. During the meeting, one of the clients asks numerous,
very detailed questions. She also wants to see your risk
management plan. Which of these countries is she probably
from?
O Mexico
O United States
O Germany
O Ireland
Answers
What was the hawley smoot tariff and how did it backfire
Answers
The Smoot-Hawley Act increased tariffs on foreign imports to the U.S. by about 20%.
The Tariff Act of 1930 (codified at 19 americaC. ch. four), typically referred to as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, become a law that implemented protectionist change rules in the usa. subsidized by Senator Reed Smoot and consultant Willis C. Hawley, it was signed by way of President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported items.
The price lists underneath the act, with the exception of responsibility-loose imports (see Tariff degrees underneath), had been the second maximum in American records, surpassed by way of handiest the Tariff of 1828. The Act brought about retaliatory tariffs through affected states towards the united states. The Act and price lists imposed by using America's buying and selling partners in retaliation were the most important elements of the discount of yank exports and imports by means of sixty seven% at some point during the depression.
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answer the two questions in the screenshot pls:
Answers
Answer:
One high end product I want to buy in the future is a thread ripper. It is a processor which is one of the reasons why a computer will run. It is like the heart, it makes all the components work
the customer will want to know that the product is one of the most expensive out there but it is defiantly worth the money. you have to have a good enough mother board to run the thread ripper though. You also need DDR 4 ram at least which makes the computer components work faster and gets rid of lag of course
Explanation:
how saving account fits with my time horizon retirement
Answers
An investment's time horizon is indeed the length of time it will be held before being sold. Choose the best Retirement savings are the most popular long-term investments.
What do you mean by investment?A purchase made with the intention of creating income or capital growth is known as an investment. Appreciation is the term for an asset's value rising over time. A person buys in a good with the intention of using it to build wealth in the future rather than for current consumption.
How can beginners invest?Open a Demat and trading account using your linked banking account. Log into that trading account. Select the shares that you wish to buy or sell. Ensure that you have the requisite amount of funds in your account to buy the shares.
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(02. 04 MC)
Trisha receives a $2,500 gift and wants to open a savings account. Which bank interest would be
the best for her at a current inflation rate of 2. 5%?
A nominal interest rate of 3. 5%
O A real interest rate of 3%
A real interest rate of 2. 5%
A nominal interest rate of 4%
Answers
The correct option is B, Trisha would want to choose a bank with a real interest rate of 3% or higher to ensure that her savings grow faster than the rate of inflation, which is currently at 2.5%.
Interest rate is the percentage at which an individual or business borrows money from a lender. In the world of business, interest rates play a critical role in determining the cost of borrowing money and the potential return on investment. Businesses typically borrow money to invest in new projects, expand their operations, or cover short-term cash flow needs.
Interest rates can be fixed or variable, meaning they can remain the same throughout the term of the loan or change periodically. The interest rate charged by lenders is often based on factors such as creditworthiness, collateral, and market conditions. Changes in interest rates can have a significant impact on the economy, influencing consumer and business spending, inflation, and employment levels.
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