Pugh Co. reported the following in its statement of stockholders' equity on January 1, 20X4:
Common Stock, $5 par value, authorized 200,000 shares, issued 100,000 shares $ 500,000
Additional paid‐in capital 1,500,000
Retained earnings 516,000
2,516,000
Less treasury stock, at cost, 5,000 shares 40,000
Total stockholders' equity $2,476,000
========
The following events occurred in 20X4:
May 1 − 1,000 shares of treasury stock were sold for $10,000.
July 9 − 10,000 shares of previously unissued common stock were sold for $12 per share.
October 1 ‐ The distribution of a 2‐for‐1 stock split resulted in the common stock's per share par value being halved.
Pugh accounts for treasury stock under the cost method. Laws in the state of Pugh's incorporation protect shares held in treasury from dilution when stock dividends or stock splits are declared.
In Pugh's December 31, 20X4 statement of stockholders' equity, the par value of the issued common stock should be
A. $550,000
B. $518,000
C. $291,000
D. $275,000

Answers

Answer 1

Answer:

a) $550,000

Explanation:

Treasury stock transactions do not affect shares issued, because treasury shares are included in issued shares. The only event during the year affecting the total par value of common stock issued is the July 9 issuance of shares that were not issued before.

The stock split does not change total par of shares issued, because par is cut in half and the number of shares is doubled. Treasury shares are protected, meaning they are also doubled and have their par cut in half. The total par of issued common stock at year-end is $550,000:

$500,000 from January 1

Plus $50,000 from July 9 issuance: 10,000 × $5

Equals $550,000 total par of issued shares.

Source: https://www.brainscape.com/flashcards/dividends-7208677/packs/11475096


Related Questions

32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
example of?
a. efficiency
b. thinking at the margin
c. scarcity
d. using human capital

Answers

Answer:

Explanation:

b. thinking at the margin

i think  because is is asking for what decision it is

hope this helps some

Match the personal accounts to their categories.
checking accounts
time deposit account
certificate of deposit
account
money market account
transaction accounts
Deposit Account
Savings Account

Answers

A personal bank account is one that is opened in order to receive, save, and expend funds for personal purposes. There are different types of Personal Bank Accounts. They are:

Checking Account

A checking account is a very liquid account kept for the purpose of keeping and withdrawing cash deposits at a financial institution such as a bank.

Transaction Accounts

A transactional account is also called a checking account in some cases. As the name implies, it is used for transactions starting from when one recieves their salary, then for payment of bills after which the balance is moved to a saving account.

Time Deposit Account

This is an account that bears interest where money is fixed for some time in exchange for an above-average interest on such money. An example is a certificate of deposit.

Money Market Account

It is an account that yields interest but one that is typical to credit unions. It is a hybrid account because it has features of the checking account and the savings account. One of such features is that it offers a higher interest rate than traditional savings or checking accounts.

Deposit Account

This is the same thing as a regular Savings Account. Traditionally, it comes with a guaranteed interest rate valid on specified dates.

Learn more about Personal Bank Account at the link below:

https://brainly.com/question/24751568

Answer:

Explanation:

Deposit account                 Savings account

Checkings account             Time deposit accounts

Transaction account           Certificate of deposit

                                             Money Market account

How do values play a role in planning a career?
A. Your values may influence your ability to gain new skills.
B. Your values may help you determine what your talents should be.
C. Your values may make it easier for you to do well in a job
interview.
D. Your values may help you decide what kind of work you want to
do.

Answers

Answer: D. Your values may help you decide what kind of work you want to do.

Your values may help you decide what kind of work you want to do values play a role in planning a career. The correct option is D. Your quality of life outside of work is influenced by your lifestyle and career values. While your work-life balance and capacity to experience fulfillment outside of your professional role may be influenced by extrinsic and intrinsic values, lifestyle values can define these aspects.

What does value mean in careers?

Workplace values are ideals or tenets that apply to your job or career. They outline the factors you consider important for your career. For instance, some people consider their career to be their top priority because it gives them a sense of professional accomplishment.

Pay and benefits, work-life balance, opportunities to use one's skills and abilities, job security, office safety procedures, and workplace diversity are some of the most crucial aspects that employees take into account when choosing a job.

Thus, the ideal selection is option D.

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In addition to major academic indicators, highly selective schools review:

Answers

Answer:

A. Student health backgrounds

B. Criminal records

C. Students age

D. Anything that makes the student unique

D.) Anything that makes the student unique

EX: School programs you were enrolled in, sports, classes, and even language classes

hope this helps:)

D.) Anything that makes the student unique

(Scenario: A Small-Town Monopolist) Use Scenario: A Small-Town Monopolist. If this monopolist must choose between selling 100 or 175 subscriptions, it will choose to sell _____ units at a price of _____ and earn economic profits equal to _____. Scenario: A Small-Town Monopolist A monopolist sells cable subscriptions in a small town and finds that it can sell 100 subscriptions when the price is $15 a week and 175 subscriptions when the price is $10 a week. The MC for the provision of the cable is $5 a week. There are no fixed costs.

Answers

Answer:

100 units , $15 , $1000

Explanation:

Marginal cost = $5

Number of subscriptions = 100   $15 a week

Number of subscriptions = 175   $10 a week

Determine the number of units  to be sold between 100 and 175 units

when he sells 100 units

Revenue = price * quantity = 15 * 100 = $1500

missed opportunity = MC * Q = 5 * 100 = $500

profit made = Revenue - missed = $1500 - $500 = $1000

When he sells 175 units

Revenue = price * quantity = 10 * 175 = $1750

missed opportunity = MC * Q = 5 * 175 = $875

profit made = Revenue - missed = $1750 - $875 = $875

Therefore to earn maximum profit ;

sell 100 units at $15 and make an economic profit = $1000

Congress passed a law allowing widespread oil exploration on federal lands in the western United States. A large deposit of oil sand was discovered in one western state and Congress authorized an oil sand refining plant to be built on federal park land within the state. The refinery was built in compliance with federal pollution regulations. Pursuant to state law, the plant manager allowed the state to inspect the plant before putting it into operation. Because state refinery standards were more strict than the federal standards (in order to better protect state citizens from pollution associated with refineries), the refinery did not pass the inspection, and the state inspector refused to give the manager a permit to run the refinery. The refinery manager nevertheless began to run the refinery and was fined by the state.
Which of the following is the manager's best defense against imposition of the fine?

A) The state does not have a compelling interest in regulating the refinery, because it is within a federal park
B) The state regulation is invalid because Congress has preempted the field of pollution control
C) The state pollution regulation is invalid because it is inconsistent with the state's compelling interest in providing jobs
D) The state law violates the principles of intergovernmental immunity as applied to the manager

Answers

Answer: D. The state law violates the principles of intergovernmental immunity as applied to the manager

Explanation:

Based on the information given, the manager's best defense against the imposition of the fine is that the state law violates the principles of intergovernmental immunity as applied to the manager.

We should note that unless Congress agrees to a particular regulation, the state doesn't have the power to regulate federal government activities and therefore cannot interfere with federal functions. Therefore, the regulation in this case isn't applicable to the manager.

a.
19. When a theater owner considers whether to install another row of seating, she is
thinking at the margin.
b. experiencing a shortage.
underutilizing her resources.
d. using human capital.
c.

Answers

Answer:

thinking at the margin.

Explanation:

The thinking at the margin means to think for the next step that taken forward. Here marginal means extra

Let take an example of the marginal the first lemonade glass quenches your thirst but the next glass would quenches your thirst so much now if you think at the margin so here what would be the next action relevant for you

So as per the given situation, it is a thinking at the margin

Ami cut 6 and three-fourths inches off a long roll of paper. If the roll is now 36 and one-third inches long, how long was the original roll of paper? Write an equation and solve it to find the answer. 29 and StartFraction 7 Over 12 EndFraction inches 30 and StartFraction 7 Over 12 EndFraction inches 42 and StartFraction 1 Over 12 EndFraction inches 43 and StartFraction 1 Over 12 EndFraction inches

Answers

Answer: 43 1/12 inches

Explanation:

Since Amy Ami cut 6 3/4 inches off a long roll of paper and the roll is now 36 1/3, the length of the original roll of paper will be:

= 6 3/4 + 36 1/3

Note that the LCM of 4 and 3 is 12.

= 6 3/4 + 36 1/3

= 6 9/12 + 36 4/12

= 42 13/12

= 43 1/12 inches

Which option should be used to commit a record in an Access table?

Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.

EDGE

Answers

Answer:

D)Move to a new record.

Explanation:

this is what I narrowed it sown to

edg 2021

Answer:

the answer is D

Explanation:

edge 2022

A seller put her house and lot on the market for $200,000. After receiving several offers within $5,000 of her asking price, the seller entered into a contract to sell the house and lot to a buyer for $200,000. The contract provided that the buyer put up $4,000 in earnest money, which the seller could treat as liquidated damages unless: The seller fails to tender marketable title to the buyer by the agreed-upon closing date, the seller commits a material breach of this contract, or the buyer dies prior to the closing date, in which case the earnest money shall be reimbursed to the buyer's estate. The contract was signed on July 24, and the closing date was set for September 12. On August 5, the buyer was seriously injured in an accident. On September 10, the buyer was released from the hospital in a wheelchair. He determined that a ranch-style house would make his life much more bearable, but the seller's home was two stories. The buyer asked the seller to cancel the contract and to refund the $4,000 earnest money. The seller refused. The buyer did not appear on the closing date. On September 16, the seller contracted to sell the home to a purchaser for $198,000. The closing occurred as planned on October 20. The buyer files suit against the seller, praying for a refund of the $4,000 earnest money. How much is the buyer likely to recover

Answers

Answer:

$0

Explanation:

Both the buyer and seller agreed upon the amount that would be deposited as earnest money and what would happen to it in case the sale wasn't closed. The amount is not unreasonably large compared to the purchase price (2% only) and that represents a fair amount for the damages suffered by the seller. The seller is not responsible for the things that happened to the buyer.

How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined

Answers

Answer: Capitalized and bold

Answer:

B. capitalized and bold

Explanation:

Please mark my answer as the Brainiest!!!

Got it correct on Edge.

Give advice to job seekers who may experience rejection ​

Answers

if you get rejected it’s fine because you most likely aren’t getting rejected cus ur bad, but because there’s so many applicants so it’s just bound to happen, keep applying and you will score a job soon

Some advice to job seekers who were rejected are:

Don't give up. Take the time to increase your skills.

It is important to tell job seekers not to give up in their quest for a job. There are many people out there to compete with so rejection will happen but they will eventually get something if they keep trying.

They should also use the time they don't have a job to increase their skills by taking professional courses which can then boost their resumes.

Find out more on looking for jobs at https://brainly.com/question/3200805.


Activity 3
Calculate Profit

Answers

Answer: See explanation

Explanation:

Profit is calculated as:

= Selling price - Cost price

1. Selling price = 1353

Cost price = 1230

Profit = Selling price - Cost price

= 1353 - 1230

= 123

2. Selling price = 1350

Cost price = 900

Profit = Selling price - Cost price

= 1350 - 900

= 450

3. Selling price = 1500

Cost price = 1200

Profit = Selling price - Cost price

= 1500 - 1200

= 300

4. Selling price = 2960

Cost price = 850

Profit = Selling price - Cost price

= 2960 - 850

= 2110

Your parents have been advised to save 5% of their income for your college education,
which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $99,948? Show your work. (5 points)

Answers

99,948(0.05) = 4997.4
So around $4,997 has been saved

two ways in which young entrepreneurs can benefit from the National Youth Development Agency​

Answers

South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

Karina made $660 in gross pay. Her employer withheld $97.62 in total federal, state, and FICA taxes from her check. How much is her net pay?​

Answers

Answer: $562.38

Explanation:

Net pay refers to the amount that a person gets after deductions such as taxes have been made from their salary:

Karina net pay = Gross pay - Total federal, state, and FICA taxes

= 660 - 97.62

= $562.38


You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?

a.1,239
b.1,311
c.1,417
d.1,508

Answers

Answer: 1417

Explanation:

The information can be gotten from the question:

Principal = $200000

Rate = 8.5% = 0.085

Simple interest = PRT

= 200000 × (0.085/12) × 1

= 200000 × 0.0070833

= 1416.6667

= 1416.7

What are free trade agreements?
A.
agreements that set new quotas
B.
laws that create tariffs
C.
agreements that remove trade barriers
D.
laws that prohibit trade between countries

Answers

The correct answer is C. A free trade agreement is is a treaty between two or more countries to facilitate trade and eliminate trade barriers.

The following exchange demonstrates which problem solving technique?
We pay higher costs than we need to when we go bowling because we don’t own our own equipment.
a.
Fishbone Diagram
b.
Five Whys
c.
Cluster Mapping
d.
Brainstorming

Answers

Answer:

a. Fishbone Diagram

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem.

2. Gathering of information.

3. Consider your options.

4. Weigh disadvantages and evaluate a solution.

A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.

Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).

Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.

5) "Once a business develops a solid information system to meet its needs, that system will serve the business for at least 25 years." Is this statement true or false? Explain. (2 points)​

Answers

Answer:

This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.

It is a false statement that once a business develops a solid information system to meet its needs, the system will serve the business for at least 25 years.

What is an information system?

It refers to the formal and organizational system that is designed to store and distribute information for future purpose.

However, because the information systems in this age are rapidly transforming due to presence of artificial intelligence.

Hence, the solid information system might not be able to sustain the demand and competitiveness of the industry,

Read more about information system

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what is Financial equilibrium

Answers

Answer:

Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable.

You are considering a stock investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical operating income of $32.5 million. NoEquity, Inc., finances its $65 million in assets with $64 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc., finances its $65 million in assets with no debt and $65 million in equity. Both firms pay a tax rate of 30 percent on their taxable income. Calculate the net income and return on assets for the two firms. Return on assets = net income / total assets Accounting equation: total assets = total liabilities debt + total equity

Answers

Answer:

A. NoEquity $18.27million

NoDebt $22.75million

B. NoEquity 28.11%

NoDebt 35%

Explanation:

A. Calculation to determine the net income

NoEquity Inc., NoDebt Inc.,

Operating income $32.5 million $32.5 million

Less: Interest $6.4 million $0

($64m × 0.1)

Taxable income $ 26.10million $32.5 million

Less: Taxes (30%) ($7.83million) ($9.75million)

NET INCOME $18.27million $22.75million

Therefore The Net income for the two firms are :

NoEquity $18.27million

NoDebt $22.75million

B. Calculation to determine the Return on assets

NoEquity

Return on assets =$18.27million/$65 million

Return on assets =0.2811*100

Return on assets =28.11%

NoDebt

Return on assets = $22.75million/$65 million

Return on assets =0.35*100

Return on assets =35%

Therefore The return on assets for the two firm are:

NoEquity 28.11%

NoDebt 35%

Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method

Answers

Answer:

C) The factor-comparison method

Explanation:

It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.

The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.

explain why the women cannot see the reflection of her toes?​

Answers

Answer:

there is nothing to reflect out of

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Answers

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

Companies employing total quality management (TQM) programs know that Multiple Choice quality control should be incorporated only in the final stage of the transformation process. benchmarking quality standards will reduce their competitive advantage. reworking defective products is the best way to ensure high standards of quality. TQM requires constant improvements in all areas of the company as well as employee empowerment. quality control should be a function of the operations process and not an element of the product itself.

Answers

Answer:

TQM requires constant improvements in all areas of the company as well as employee empowerment.

Explanation:

As the name implies, total quality management requires constant improvements in all areas of the company as well as employee empowerment.

In other words, the company expects 99.99% accuracy in all areas of operations which should also include employee empowerment so that they can better meet quality standards.

While researching the feasibility of converting her company's products to solar energy, Hailie reads several reports on innovations to lithium batteries and photovoltaic cells. Some of the reports suggest any energy using device should begin to incorporate solar into its design, while others argue that the batteries still do not hold enough charge and remain cost prohibitive for products like those of her company. To demonstrate her own original thinking, Hailie should

Answers

Answer: d. generate her own conclusions and recommendations

Explanation:

The options are:

a. cite all her research sources.

b. choose one source and follow its recommendations exclusively.

c. adopt a methodical approach to decision making.

d. generate her own conclusions and recommendations.

e. avold making predictions and cause-effect statements.

Based on the information provided in the question, in order for Haile to demonstrate her own original thinking, it is better if she generates her own conclusions and recommendations.

Citing other research sources or adopting a methodical approach to decision making isn't appropriate in this case as that won't help her to develop her original thinking since it's the work of others and not hers

You received an envelope from your current credit card company. It contained a new unsolicited credit card and the usual enticing offers. The instructions were (a) to sign your new card immediately and to call a toll-free number to activate your card or (b) if you do not want the new card, to call a toll free number to close your account. What steps should you take to protect yourself from scammers and identity thieves

Answers

Answer:

b

Explanation:

have u tried c

QUESTION 12
Samuel works in the purchasing department of a major manufacturing company. When making purchasing decisions for
his company, Samuel:
a. will have a lot of flexibility in the criteria he uses to select the goods.
b. is likely to have a problem with cognitive dissonance.
c. is likely to apply rational criteria to the purchase decision.
d. will typically confront sellers unwilling to negotiate on prices or terms of sale.

Answers

Answer: C. Is likely to apply rational criteria to the purchase decision.

Explanation:

We should note that when making purchasing decisions for his company, Samuel is likely to apply rational criteria to the purchase decision.

Since he makes purchasing decisions, there'll be some times that he'll have to make logical decisions that he believes will be beneficial to the company.

Rational behavior has to do with the fact that individuals make decisions that results in the highest satisfaction or benefit.

Mrs. Cook carries limits of liability of $100,00/$300,000/$50,000 on her personal automobile policy. After an accident, Mrs. Cook's insurer paid $80,000 in bodily injury damages and her defense costs were $40,000. What amount did the insurer pay as a result of this accident?

Answers

Answer: $120,000

Explanation:

Based on the information given, the amount that the insurer will pay as a result of this accident will be gotten by adding the amount of bodily injury damages and the defense costs. This will be:

= $80000 + $40000

= $120,000

Therefore, the insurer will pay $120,000.

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