Marigold Corporation purchased 4,000 shares of its $8 par value common stock for $268,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,400 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions.

Answers

Answer 1

When shares are purchased, the Cash account is credited and the Treasury Stock account is debited. The Additional Paid-In Capital account should be credited if the proceeds are greater than the initial cost.

August 1   Treasury stock a/c..........dr                       268000

                   To Cash a/c                                                       268000

December 1  Cash a/c (2400 x 73)...................dr       175200

                       To Treasury stock a/c                                   160800  

                       To Additional paid-in capital                          14400                            

For the purchase price, the journal entry will credit cash and debit treasury stock. The journal entry is to credit treasury stock and paid-in capital from treasury stock if the corporation reissues all shares of treasury stock at a price greater than what it paid to purchase them.

The term "treasury stock," sometimes known as "treasury shares" or "reacquired stock," refers to previously issued stock that the issuing company buys back from stockholders. As a result, there are fewer shares outstanding overall on the open market.

Treasury stock is a sort of reserved stock usually used to raise capital or fund future investments. Companies might use treasury stock as a source of funding for investments or acquisitions of competitors.

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Related Questions

The art of sales is never more obvious than in a late-night infomercial. Tell about one infomercial that you have seen and what tactics the salesperson used to get the audience to buy their product. See if you can find a link to it online and post the link with your comment as well. Did watching the salesperson make you want to buy? Do you think you would be able to do the same marketing job as the salesperson? Explain the skills that would be needed to be successful in the Sales & Marketing career cluster. NEED ANSWER ASAP

Answers

An infomercial that I have seen and the tactics used is the infomercial  use of a father and son. They were dress in native attire and they linked the drink they are advertising to their cultural practice.

Yes, I Did watch the salesperson and it make me want to buy because of the father and son bond shown.

Yes, I do think you would be able to do the same marketing job as the salesperson.

What skills necessary for success in the field of sales and marketing?

They are:

A positive attitude is a sign of confidence. Conviction in speech is a sign of resilience. Knowing your customers' needs through active listening.Building relationships and promoting your personality

Note that Speaking and listening skills are necessary for sales reps and agents in order to effectively communicate with customers. Finding the ideal product for the customer and closing the sale depend on understanding their needs.

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Answer:

An infomercial that I have seen and the tactics used is the infomercial  use of a father and son. They were dress in native attire and they linked the drink they are advertising to their cultural practice.

Yes, I Did watch the salesperson and it make me want to buy because of the father and son bond shown.

Yes, I do think you would be able to do the same marketing job as the salesperson.

What skills necessary for success in the field of sales and marketing?

They are:

A positive attitude is a sign of confidence.

Conviction in speech is a sign of resilience.

Knowing your customers' needs through active listening.

Building relationships and promoting your personality

Note that Speaking and listening skills are necessary for sales reps and agents in order to effectively communicate with customers. Finding the ideal product for the customer and closing the sale depend on understanding their needs.

Explanation:

Describe how you would go about evaluating what content—images, words, video—you can use in a way that complies with copyright laws.

Answers

To assess what content you can use in compliance with copyright laws, is to identify if there is any information about permissions, if not, contact the owner to request a permission agreement.

What is copyright?

It is a set of US laws to protect intellectual and creative works such as books, music and videos. This law aims to protect the owner and his work by providing him with the right to use, distribute and license his work.

Therefore, copyright law is important to encourage the production of intellectual works and must be complied with by all individuals who wish to use third-party work for a certain purpose.

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In cell D13, use the keyboard to enter a formula that uses the SUM function to calculate the total of the values in range D4:D11

Answers

To add in Excel we must use the following formula =SUM (cell name: cell name).

How to add in Excel?

In the Microsoft Excel computer program we have the possibility to add the values of different cells using a formula. To perform a sum we can use the following formulas:

We must put the equal symbol (=), then write "SUM" and put in parentheses the names of the cells that we want to include in the sum, for example:=SUM(A2:A10), with this formula we will add the values of cells A2:10.

On the other hand, we have the possibility of adding the cell values of different rows with the following formula:

=SUM(A2:A10, C2:C10) Sums the values in cells A2:10, as well as cells C2:C10.

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“Are you looking for a rewarding opportunity in management?”

The above statement is taken from a job advertisement. If Jessica is tailoring her résumé to this advertisement, which of the following words should she include, because it is most likely a keyword?
a.
looking
b.
rewarding
c.
opportunity
d.
management

Answers

Answer:

D

Explanation:

thanks for the points

correct meh if its wrong

Management words should she include, because it is most likely a keyword. In order to achieve desired goals and objectives, a person or group of people must be challenged and managed opportunity , according to the concept of management.

Furthermore, the capacity to organize, supervise, and guide people is a component of management. Business management is the organization and coordination of commercial activity. Managers of businesses keep an eye on operations and help employees be as productive as possible. By managing or opportunity new employees, a manager can help a business achieve its operational and financial objectives. Management is the art of increasing productivity as a social process, a way to accomplish tasks with the help of others.

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Currently Baldwin is paying a dividend of $16.63 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?

Answers

Based on the current dividend that Baldwin is paying, an increase of 10% in the stock price would lead to a dividend yield of  8.40%

What would be the dividend yield?

The stock price to Baldwin before the increase was $179.90 so the increase of 10% would lead to a new stock price of:

= 179.90 x ( 1 + 10%)

= 179.90 x 1.1

= $197.89

The dividend yield would then be:

= Dividend / Stock price

= 16.63 / 197.89

= 8.40%

In conclusion, the new dividend yield to Baldwin after the rise in stock price is 8.40%.

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Marissa is going back to work after taking 10 years off to raise her children. She is starting her job search process and is trying to write a new résumé so that she can apply to jobs. What résumé format should Marissa use?
a.
Chronological
b.
Functional
c.
Web
d.
Electronic

Answers

Answer:

functional

after ten years of not working with the company, you need to make them realise you still need the job

Employees who are part of the chain of command that is responsible for achieving organizational goals.

Answers

Employees who are part of the chain of command that is responsible for Line managers (personnel). The first level of organizational management above the front-line employees is a line manager. They are responsible for their division or area of the company.

They oversee and assess each employee's contribution, performance, and development when managing one or more employees. An employee who directly oversees other workers and business operations while reporting to a senior management is known as a line manager. Supervisor, section leader, and organizational leader are comparable positions that are frequently utilized. They are tasked with achieving company objectives in a particular functional area or business sector.

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For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?

Answers

Paid $2,000 to his or her father to help install a new fence out of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes. The correct option is D.

What is the meaning of household employer?

You may be deemed a household employer if you pay wages to persons who work in or near your home. The table below contains a list of workers and whether or not they are considered home employees. A domestic employee may provide services on a temporary or part-time basis.

If you paid cash wages to a household employee who was liable to social security, Medicare, or FUTA taxes, or if you withheld federal income tax, utilize Schedule H (Form 1040).

Thus, the ideal selection is option D.

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Your Question seems incomplete most probably your full complete was:

For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?

A. Paid $2,400 in wages to a friend’s niece for housekeeping services

B. Paid $2,350 in wages to a neighbor for babysitting in his or her home

C. Withheld $100 in Federal income tax from payments to his or her yard worker

D. Paid $2,000 to his or her father to help install a new fence

Identify the dangers posed by Machiavellianism.

Answers

The dangers of Machiavellianism thus are that it can prevent interpersonal relationships from forming. Put another way, Machiavellianism can prevent strong bonds from being created and only strong bonds can survive times of chaos.

Discuss how SOX affects the operations of an ERP system.

Answers

The security requirement of SOX is twofold: (1) get entry to confidential monetary facts needs to be restrained to handiest a select few authorized individuals inside the device and (2) monetary records should best be brought or edited through those legal persons to make sure that the statistics are valid.

In step with White, SOX forced public companies to address war-of-interest troubles inside the hiring of auditors by empowering audit committees to supervise the control of those auditors who had been introduced on operations.

The act implemented new guidelines for groups, inclusive of placing new auditor requirements to reduce conflicts of interest and transferring duty for the complete and correct dealing with economic reports.

To discourage fraud and misappropriation of corporate property, the act imposes harsher penalties for violators.

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This résumé format focuses on the tasks or skills that an applicant can perform:
a.
Chronological
b.
Functional
c.
Electronic
d.
Scannable

Answers

The functional resume format focuses on the tasks or skills that an applicant can perform. Thus, option D is correct.

What is a resume?

A resume can be defined as a document with suggestions that the details of a particular person, especially an applicant, are being mentioned. It usually defines the person's career information as well as some personal background. Also, if they have taken any courses or have had any experience, all of this is mentioned in a resume.

A functional resume can be defined as a resume whose purpose is to focus on the skills of a person. The primary focus is on the skill that a person processes.

Therefore, option D is the correct option.

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What is one way a person can increase the wages he or she expects to earn?
A. By advocating against minimum wage regulations
• B. By increasing overall productivity in a year
C. By choosing a job with a low market value
• D. By deciding not to get a high level of education
SUBMIT

Answers

Answer:

Your answer is B) By increasing overall productivity in a year

Explanation:

I would say A, but it says expects to earn, not actually earn. A human normally expects extra credit or reward for doing more work. As for the others, it's common sense that you don't do that.

Thus, the answer is B.

tax is one example of progressive tax?

a. Property
b. Income
C. Excise
D. Sales

Answers

Answer:

Income

Explanation:

It rises with income or something like that

Damon is using his weekly allowance to spend on video games and movies. This week, on top of his allowance, he gets a bonus from his mother
for taking out the trash. In response, he spends more on video games and movies. In this example, we can conclude that movies are what type
of good?

Substitute
Normal
Complement
Inferior
Submit

Answers

In this example, we can conclude that movies are Substitute goods. If weekly allowance will increase than only demon spend more on video games.

What is Substitute goods?

A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.

Production substitutes are items that need producing less of one in order to produce more of the other. Think about good A and good B, who can replace A in a production. The supply curve for good A must move to the left if the price of good B increases.

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Which is the correct order of entities who benefit when banks make a profit
1. employees, shareholders, and the economy
2. shareholders, shoppers, and the economy
3. employees, companies, and the economy
4. shareholders, companies, and the economy

Answers

4. shareholders, companies, and the economy

When a bank makes money, it must first distribute its dividend in accordance with the percentage of ownership held by its shareholders. Following that, firms might borrow money to grow their operations using the quantity of earnings.

Issue of money in the form of banknotes and electric current accounts subject to check or payment at the customer's request are two examples of the banks' economic functions. These bank claims have the same value as money since they are negotiable or repayable upon demand.

Banks give money to common business and personal borrowers (borrowers with average credit quality), but they also have stringent credit standards. The bank's assets have been diversified, which has improved things and given it a cushion to absorb losses without going into default.

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Public companies have limited liability. Is this true or false ?

Answers

Answer:true

Explanation:

According to the acquired needs theory, the need for power refers to the desire to:

Answers

According to the acquired needs theory, the need for power refers to the desire to an influence or control others and have authority over others.

What is the acquired needs theory?

The phrase "Acquired needs theory" is a term created by a psychologist David McClelland, the theory is also known the McClelland's Needs Theory, Three-Needs theory, Achievement Motivation Theory or Learned Needs theory.

This psychological theory is based on the notion that people's needs are acquired as they live their lives or through experiences of life. It also emphasize that the needs are derived from the reaction to the stimuli in the external environment.

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Select the correct text in the passage.
What are some inadvertent effects of technology?
Technological innovation - A Boon or Bane
Technological innovation has changed the way work is done in an office today. It has affected our society and altered the way we lead our lives.
There is no doubt that advancement in modern technology has improved work efficiency. It has also increased idle time of workers.
We are now connected to the world virtually. It is also true that we are now spending more time visiting social networking sites, rather than our friends
and family.

Answers

The inadvertent effects of technology is the technological innovation has changed the way work is done in office today. It has affected our society and altered way we lead our lives.

What is technology?

Technology is the systematic and repeatable application of knowledge to achieve practical objectives. The result of such an effort is sometimes referred to as technology. The use of technology is pervasive in many areas, including daily life, science, industry, communication, and transportation. Both real things like machines or utensils and intangible tools like software are considered technologies.

Numerous technological developments have brought about societal transformations. The earliest technology that has been identified is the stone tool, which was employed in the prehistoric past. This was followed by the use of fire, which helped fuel the Ice Age expansion of the human brain and the emergence of language.

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Answer:

The answers are:

"It has also increased idle time of workers."

and

"It is also true that we are now spending more time visiting social networking sites, rather than our friends and family."

Explanation:

correct on plato

I I'LL GIVE 60 POINTS AND BRAINLIST TO THE ONE WHO ANSWERS THIS 4 QUESTIONS!!!!
please and thank

1.) Which document shows all the changes to a single account in one place?
ledger
journal
column
chart of accounts

2.) The two steps to opening an account in the general ledger are:

A.) writing the date of entry and journal page number.

B.) recording the debit or credit transactions and accounts balance.

C.) writing the account name and recording the account balance.

D.) writing the account name and the account number.


3.) The first digit in an account number indicates:

A.) that the account is an asset.

B.) that the account belongs in the revenue division of the general ledger.

C.) the general ledger division of the account.

D.) the location of the account in the general ledger.

4.) When you are adding a new account between the account numbers 510 and 520, the new account number will be:

A.)513

B.)515

C.)511

D.)517

Answers

Answer:

1.) B.)

2.) C.)

3.) A.)

4.) B.)

Explanation:

Your parents said you could purchase a new car for graduation. You
want to show them that you can be responsible and take the
necessary steps in purchasing a car. Make a list of the steps you
need to take to make your big purchase. Make sure to address
economics questions and concepts.

Answers

The steps we need to take for a big purchase are look at your financial picture, check your credit score and report, figure out finance, plan the purchase ,make the deposit.

What is finance?

The study and science of money, money and capital assets is known as finance, commonly referred to as financial economics. It is associated with economics, which is the study of how money, assets, goods, and services are produced, distributed, and consumed, but it is not the same thing. Assets, such as currencies, loans, bonds, shares, stocks, options, futures, etc., are bought, sold, or traded as financial instruments in a financial system. To enhance value and reduce loss, assets can also be invested in, insured, and banked. Risks are, in fact, a constant in all financial transactions and companies.

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How can self and social awareness help prepare you for automation, remote work, or changes in yoi8iur industry?

Answers

Simple bro you have to be yourself show whoever you want to work with that you want it more opportunity if you have self and social awareness they’ll love it

If sales amount to $150,000, rent expense is $2,000, utilities expense is $3,000, and net income is $55,000, how much is Cost of Goods Sold (calculate and explain)?

Answers

Answer:

COGS = $90,000

Explanation:

If sales amount to $150,000, rent expense is $2,000, utilities expense is $3,000, and net income is $55,000, how much is Cost of Goods Sold (calculate and explain)?

net income = sales - COGS - rent expense - utilities expense

do some basic algebra to get COGS by itself on one side of the equation:

COGS = sales - rent expense - utilities expense - net income

COGS = 150,000 = 2,000 - 3,000 - 55,000

COGS = $90,000

“Quantitative measures of the performance of sales representatives are more likely to mislead than guide evaluation.” Do you agree with this statement? Give reasons in support of your viewpoint.

Answers

I disagree that the quantitative measures of the performance of sales representatives are more likely to mislead than guide evaluation because this metric have proven reliable for managers over the years for measuring the performance of their employee.

What is a Quantitative measures of the performance?

This is also known as a quantitative performance review. The performance review does evaluates an employee on measurable factors directly related to their job. This method as well removes any subjectivity and allows the managers to deliver a clear and accurate feedback on what the employee is doing well as well as how they can improve.

In this review, the quantitative criteria are those aspects that measure the sales performance in terms of the end results whereas the qualitative criteria involve those activities that the sale person does to achieve the end results. Some of the quantitative factors include the sales volume, average calls per day, sales orders, etc.

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If there is a drought, what would you expect to happen to farmers' revenues?

Answers

Answer: it would dry up the land leading to less growth in there plants

Explanation:

Answer:

it would get dry and they plants woudnt grow.

Credit cards can be a powerful tool if used appropriately.
True
False

Answers

Answer:

true

Explanation:

Patel Packaging Systems purchased a new computer system in 2021 at a cost of $328,000. This system is in the 5-year MACRS class, and has depreciation allowance percentages of 20, 32, 19.2, 11.52, 11.52, and 5.76. What is the maximum amount of depreciation the firm can claim on this system in the first year if it selects the bonus depreciation method?


a.
$164,000


b.
$328,000


c.
$170,560


d.
$65,600


e.
$54,667

Answers

The maximum amount of depreciation the firm can claim on this system in the first year is:

Depreciation claims in 1st year = Depreciation rate * Initial investment

= 20% * 328000

Depreciation claim= $65600

The time period depreciation refers to an accounting approach used to allocate the value of a tangible or physical asset over its beneficial life. Depreciation represents how a good deal of an asset's price has been used. It lets in corporations to earn sales from the belongings they very own with the aid of using purchasing them over a sure duration of time.

Because corporations do not need to account for them totally withinside the year. the belongings are purchased, the instantaneously value of possession is substantially reduced.  Not accounting for depreciation can substantially have an effect on a company's profits. Companies also can depreciate long-time period belongings for each tax and accounting purposes.

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Shayla has two children age 8 and 10 Omar and darsh attended daycare after school Sheila paid $14,000 in child care expenses in 2021 her AGI is

Answers

The eligible parent may claim up to 50% of the child care expenses paid under the 2021 enhanced credit.

In the year 2021, Shyla spent $14000 on child care for her two kids.

Her Child and Dependent Care Expense Credit is worth $7000, or $14,000 multiplied by 50%.

For whom is the Child and Dependent Care Credit Available?

If you paid a person or an organization to look after a qualifying individual, you may be eligible for the child and dependent care credit. A dependent under the age of 13 (such as your child) or a dependent of any age, or your spouse who is incapable of caring for themselves and resides with you for at least half the year, qualifies as a qualifying person.

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If property is converted from personal-use property to business property, the depreciable cost basis is which of the following? Multiple Choice

Answers

The foundation for converting the personal property to commercial use is the lesser of the conversion's fair market value or the conversion's cost.

What happens to the depreciable cost of personal-use property converted to the business property?

The basis for personal property used for business purposes is the lowest of the fair market value at the moment of conversion or the purchase price plus any upgrades or additions, less any casualty losses that have been subtracted up until the conversion.

You must assign the basis if the acquisition price of the property includes both depreciable and non-depreciable items (for instance, land and a building), or if you utilize the property for both commercial and private purposes.

Purchase of a structure and land in one transaction. It is common for a company to buy both property and an office building. In certain situations, the building is only responsible for paying a fraction of the fee.

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business management theory that you identify with, incorporating real life​

Answers

Management theories are a series of thoughts that advocate common guidelines for how to control an organization or business. They tackle how supervisors put in force techniques to accomplish organizational dreams and how they inspire employees to operate at their best possible ability.

What concept can be used to give an explanation for and manage the operations of the business?

Operations/business management theory encompasses the strategies companies appoint to extend efficiency in operations and production. To function efficiently, corporations ought to use the least amount of resources needed and try to meet the customer's requirements to the perfect feasible standard.

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critically evaluate the attractiveness and challenges of the Indian food retail market to Tesco. If Tesco decided to expand into the Indian market, would the decision be justified? with pictures ​

Answers

Yes, If Tesco decided to expand into the Indian market, would the decision be justified as India is country of rush hours, the ready-made food could sell easily.

Evaluation of Tesco in Indian food retail market

India is a country with many different cultures, and there are significant differences between the various ethnic groups. There are significant differences between the rich and the poor, the highly educated and the illiterate, as well as between living standards and lifestyles.

With this in mind, a random sampling procedure would be used to collect a final sample of 250 respondents. Sample size is also influenced by time constraints, financial constraints, and the level of precision needed. Every second person leaving the hypermarket will be chosen for the study.

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The table shows values of f(x). What is the value of f(2)? Enter your answer in the box. f(2)= X: 0 1 2 3 4f(x): 4 2 3 9 1 How does senator obamas use of the metaphor ""beacon of freedom"" reflect the purpose of inspiring the audience to take action in the upcoming election? select all that apply. if the sales tax rate is 6.25% in your city, find the final cost of the item diamond ring : $655.75discount rate: 40% What will happen in the market for wine if the price of cheese increases (wine and cheese are complements)? laura is about to take the certification exam that will qualify her as a licensed therapist. as she enters the testing room, she feels anxious and nervous. this reaction is most likely the result of activity in laura's the greatest common divisor of two integers is $(x 2)$ and their least common multiple is $x(x 2)$, where $x$ is a positive integer. if one of the integers is 24, what is the smallest possible value of the other one? identifica a que propiedad pertenece 9 a -3 potencia Why did the American colonists have the Boston Tea Party?ANSWER FOR BRAINLIST to protest the treatment of British soldiers in the Boston Massacre to protest the tax on tea to support the closing of Boston Harbor to support buying tea from the East India Company Janice is at a park standing in front of two big boulders with diagonal lines leading down to the mulch at her feet. When viewers are looking at this image, what will their eyes likely follow? the uneven landscape to the tip of her chin the clouds in the sky to the tips of the trees the trees in the background to the horizon the silhouette of the rocks to the center point of her face The weight of oranges growing in an orchard is normally distributed with a meanweight of 5.5 oz. and a standard deviation of 1 oz. Using the empirical rule, determinewhat interval would represent weights of the middle 68% of all oranges from thisorchard. Put the following equation of a line into slope-intercept form, simplifying all fractions. 3y-2x= -9 Question 5 of 10What is the slope of the line that contains the points (-2, 7) and (2, 3)?O A. -1OB. -4OC. 4OD. 1 27. In a neighborhood donut shop, one type of donut has 560 calories, two types of donuts have 400 calories, five types of donuts have 570 calories, six types of donuts have 450 calories, and seven types of donuts have 550 calories.Find the mean number of calories in these donuts. Round your answer to the nearest whole number, if necessary. caloriesFind the median number of calories in these donuts. calories find the volume of the figure below. as you can see my teacher has already gaved the answer now she wants me to show how she got the answer. a study of the salk vaccine for polio found that among 200,475 children injected with the salk vaccine, 48 developed polio, and that among the 201,292 children injected with the placebo, 142 developed polio. calculate the relative risk for polio for children who received the salk vaccine relative to children who received the placebo. What can you infer from the message on the back of the photograph? A certain plant species, found only in one particular stream valley in theworld, has a very shallow root system. An earthquake causes the stream tochange its course so that the valley in which the plant species livesbecomes very dry. As a result, the species dies out completely. The effectof this change on this plant species is known as a restaurant offers three desserts, and exactly twice as many appetizers as main courses. a dinner consists of an appetizer, a main course, and a dessert. what is the least number of main courses that the restaurant should offer so that a customer could have a different dinner each night in the year 2003? PLEASE HELP ASAP Rich needs $50,000 for a down payment on a home in 5 years. How much must he deposit into an account that pays 1.16% interest, compounded quarterly, in order to meet his goal? 20 points!!! A Local hamburger shop sold a combined total of 488 hamburgers and cheeseburgers on saturday. There were 62 fewer cheeseburgers sold than hamburgers. How many hamburgers were sold on saturday?