At the beginning of current year, CFAS Company was organized and authorized to issue 100,000 shares with P50 par value. During the current year, the entity 1 had the following: transactions relating to shareholders equity: • Issued 10,000 shares.at P70 per share. · Issued 20,000 shares at P80 per share. • Reported net income of P 1,000,000. • Paid dividends of P200,000. • Purchased 3,000 treasury shares at P100 per share. 1. What amount should be reported as share capital at year - end? (Select] < 2. What amount should be reported as share premium at year - end? [Select] 3. What is the total shareholders' equity at year-end? (Select] 4. What is the contributed capital at year-end? (Select]

Answers

Answer 1

1. The amount that should be reported as share capital at year-end is P7,000,000.

2. The amount that should be reported as share premium at year-end is P1,400,000.

3. The total shareholders' equity at year-end is P8,200,000.

4. The contributed capital at year-end is P3,500,000.The computation of share capital, share premium, contributed capital and total shareholders' equity is as follows:

Issued shares at the beginning of the year: 100,000 shares x P50 = P5,000,000 Issued shares during the year: 10,000 shares x P70 = P700,00020,000 shares x P80 = P1,600,000 Total amount received for the issuance of shares = P2,300,000 Share capital at year-end = Issued shares at the beginning of the year + Issued shares during the year Share capital at year-end = P5,000,000 + P2,300,000 = P7,300,000 The amount paid in excess of par value is called share premium.

Share premium at year-end = Total amount received for the issuance of shares – Par value of issued shares Share premium at year-end = P2,300,000 – (P50 x 30,000 shares) = P1,400,000Total shareholders' equity at year-end is computed by adding the share capital, share premium and retained earnings: Total shareholders' equity at year-end = Share capital + Share premium + Retained earnings Total shareholders' equity at year-end = P7,300,000 + P1,400,000 + P500,000 = P8,200,000 Contributed capital is the sum of share capital and share premium. Contributed capital at year-end = Share capital + Share premium Contributed capital at year-end = P7,300,000 + P1,400,000 = P8,700,000 However, since the entity purchased 3,000 treasury shares at P100 per share, the total contributed capital at year-end will be reduced by the purchase price of the treasury shares: Total contributed capital at year-end = Contributed capital – Treasury shares Contributed capital at year-end = P8,700,000 – (3,000 shares x P100) = P3,500,000.

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Related Questions

If you tell me a good counter to this argument fast, I'll give u brainliest + five star (HELP)
If a school duration is not year-round, then students will most likely forget alot of things they learned over school year.

Answers

We certainly blank out things over time, and there's no reason to evaluate that what students learn in school should be an exception.

What do you mean by Argument?

Making an argument involves two or more individuals reacting to one another's claim and support for such a claim.

There are a few unusual reasons why the brain forgets, but the two main causes are decay and disuse. Decay is a natural process that refers to the gradual loss of information over time. When we first learn something, it is stored in our short-term memory, which is relatively small and can only hold a very small amount of information.

Therefore, The statement “If a school duration is not year-round, then students will most likely forget a lot of things they learned over the school year.” is correct.

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PLEASE HELP ME!!!!!
IT'S DUE TODAY!!!!!!!!
I WILL GIVE BRAINLIEST, BUT I NEED AN ANSWER ASAP!!!!!!!!
Paula and Emilio are business partners who co-own a party-planning business. Emilio has been handling all the office administration tasks himself so far, and he’s been doing a good job with them. However, as word-of-mouth marketing starts to bring them more and more customers, Paula suggests hiring an administrative professional.

What type of business structure do Paula and Emilio run? Explain your reasoning.
What is the MOST likely reason Paula wants to hire someone new? Explain your reasoning.

Answers

Answer: Paula and Emilio are running a partnership business structure. It is a partnership business because it involves 2 individuals  and a partnership business structure can involve between 2-20 people.

Explanation: Paula would like to hire someone new because the business started to expand and she thinks Emilio will need some help to keep up with all of the customers/ consumers.

Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and ended up after expenses with only $225,000. Their percentage of loss on the sale was:

Answers

Answer:

18%

Explanation:

Original cost: $275,000

Selling price: $225,000

Loss: $50,000

50,000/275,000=0.18

0.18x100=18%

:)

unlike balance of trade, the balance of payments includes:____.

Answers

The balance of payments covers not only commodities and services transactions (balance of trade), but also financial activities like investments, loans, and transfers.

It depicts the net influx or outflow of financial resources and provides a comprehensive view of a country's economic dealings with the rest of the globe. The balance of payments is a record of a country's foreign transactions over a set period of time, often a year or a quarter. It encompasses both the trade balance and financial transactions. The trade balance is the difference between a country's exports and imports of products and services. The balance of payments also includes financial asset and liability transactions such as investments, loans, and cash transfers. These financial transactions can result in either a net inflow of financial resources, known as a surplus, or a net outflow of financial resources, known as a deficit. The balance of payments of a country is significant because it reveals information about its economic stability, competitiveness, and capacity to access foreign money. A balance-sheet excess.

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If bank with leverage of 8 to 1 increases its assets by adding $1 to capital for every $1 added to assets:
a. leverage increases.
b. leverage decreases.
c. leverage stays constant.
d. the answer cannot be determined from the information in the question.

Answers

If a bank with a leverage of 8 to 1 increases its assets by adding $1 to capital for every $1 added to assets: leverage decreases. Thus, option B is the correct option.

Leverage falls if an 8:1 bank raises assets by increasing capital by $1 for every $1 growth in assets. Deleveraging is the process through which a business or person tries to reduce their overall financial leverage. Deleveraging, then, is the elimination of debt and the polar opposite of leverage.

Paying up any outstanding debts and commitments on an entity's balance sheet right away is the quickest approach to deleveraging. If unable to do so, the business or person may be at an elevated risk of default. Deleveraging aims to lower the proportion of a company's balance sheet that is supported by liabilities.

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i will give brainlest!!!

name 5 things that being a doctor requires

Answers

In general, doctor requirements include completing a 4-year undergraduate degree program, spending 4 years in medical school, and then completing 3-7 years of residency training before becoming eligible for medical licensing

mary graham has worked as a real estate agent for piedmont properties for 15 years. her annual income is approximately $100,000 per year. mary is considering establishing her own real estate agency. she expects to generate revenues during the first year of $2 million. salaries paid to her employees are expected to total $1.50 million. operating expenses (e.g., rent, supplies, utility services) are expected to total $250,000. to begin the business, mary must borrow $300,000 from her bank at an interest rate of 15%. equipment will cost mary $50,000. at the end of one year, the value of this equipment will be $30,000, even though the depreciation expense for tax purposes is only $5,000 during the first year.

Answers

The pre-tax accounting profit is $170,000. The pre-tax economic profit is $55,000 and the actual depreciation is $20,000.

What does the accounting term depreciation mean?

A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.

Which assets are subject to depreciation?

Machines, automobiles, office buildings, buildings you rent out for revenue (both residential and commercial property), and other equipment, such as computers and other technologies, are all examples of depreciable property.

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Property rights are important to a free enterprise system because they:
A. Allow businesses to freely take ideas from competing companies.
B. Protect businesses' freedom to buy and sell products.
C. Encourage businesses to keep prices as low as possible
D. Place regulations on businesses that make dangerous products.

Answers

Protect businesses' freedom to buy and sell products

Brainliest is appreciated :)

Samira knows she would like to pursue a career as a teacher. Her high school GPA is high enough for a possible academic scholarship and competitive admissions, and her parents have offered to help cover other costs so she does not incur debt. Considering Samira's goals, any of the following might be a good option for her EXCEPT

attend a community college for two years to study a teaching program and then move on to a university
pursue an academic scholarship to help pay for a four-year degree in education at a reputable university
pursue a private loan from a bank for a four-year degree in education that she will need to pay back
research where she can volunteer as a teaching helper to gain experience while completing her degree

Answers

All other options might be a good option for her EXCEPT :Pursue a private loan from a bank for a four-year degree in education that she will need to pay back

•Samira does not need to request for a private loan from the bank because her parents have offer to render assistance to her by helping her  cover other costs so that Samira would not have to collect loan, borrow  or enter into debt.

• Secondly since  her  high school GPA  was very good which indicates that she has meet the minimum requirements in all subjects, hence their is possibility or tendency of her been given academic scholarship and competitive admissions.

Inconclusion All other option are good option except: Pursue a private loan from a bank for a four-year degree in education that she will need to pay back.

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Betsy owned a speedboat that was not operating correctly. She hired Gail, a mechanic, to determine what needed to be repaired or replaced on the boat. Gail concluded that the boat needed over $5,000 of work to run safely. Upset by the news, Betsy decided to get a second opinion from Kathy, another mechanic. Kathy advised Betsy that the boat only needed a new fuel pump, which cost considerably less than $5,000. Betsy decides to sell her boat instead of repairing it. When a prospective buyer asks Betsy whether the boat has been inspected by a mechanic, she will:_________.

Answers

Answer:

Betsy should simply tell the truth: that the boat was actually inspected by two mechanics, but not only it was not repaired, but both mechanics had a very different diagnosis about what was wrong with the boat.

She should also warn the buyer that the boat likely needs at least a new fuel pump, and in case the diagnostic of the first mechanic (Gail) is true, the boat then would likely need an expensive repair.

Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 10.99 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places.

Answers

Answer:

A. 24.05

B. 4.62

C. 66.99%

D. 19.21%

Explanation:

A). Calculation to determine the Laborland's total labor force

Using this formula

Total Labor Force = Employed + Unemployed

Let plug in the formula

Total Labor Force = (4.9+ 14.53) + (2.9 + 1.72)

Total Labor Force = 19.43 + 4.62

Total Labor Force = 24.05

Therefore the Laborland's total labor force is 24.05

(B). Calculation to determine the Laborland's labor force participation rate

Unemployed = 2.90 + 1.72

Unemployed = 4.62

Therefore the Laborland's labor force participation rate is 4.62

(C). Calculation to determine How many people are unemployed in Laborland

Using this formula

Labor force participation rate = Labor force / Total working age population

Let plug in the formula

Labor force participation rate= $24.05 / 35.9

Labor force participation rate= 66.99%

Therefore How many people are unemployed in Laborland will be 66.99%

(D). Calculation to determine Laborland's unemployment rate

Using this formula

Unemployment Rate = Unemployed / Labor force

Let plug in the formula

Unemployment Rate = 4.62 / 24.05

Unemployment Rate= 0.1921 * 100

Unemployment Rate= 19.21%

Therefore Laborland's unemployment rate is 19.21%

Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.

Answers

Answer: A - expands the frontier on their production possibilities curves

Explanation:

It was correct when checked

Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.

What is business growth?

An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.

Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.

Hence, option A holds true regarding the business growth.

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Which of the following is not a benefit of using a switch?
It is capable of filtering undesired packets.
O It is more complex than a router.
O It is more complex than a hub.
They direct packets instead of just broadcasting them to the whole network.

Answers

Answer:

The statement "It is more complex than a hub" is not a benefit of using a switch, but rather a characteristic or disadvantage. Switches are generally considered more complex than hubs because they have more advanced features, such as the ability to filter and direct packets to specific devices. However, this complexity can also make them more expensive and difficult to configure.

Explanation:

purchased grooming equipment for $12,700

Answers

Answer:

who spends that much-

Explanation:

okay good job on the server Andrew and it they said

The belief that behaviour is a function of the person and the environment is known as O a. interactional psychology. O b. internal locus of control. O c. self-esteem. O d. attribution theory.

Answers

The belief that behavior is a function of the person and the environment is known as option a. interactional psychology.

The discussion will revolve around the concept of interactional psychology and how it applies in the psychology of behavior.Interactional psychologyInteractional psychology is a branch of psychology that focuses on how behavior is shaped by both the individual and the environment. This concept asserts that both the person and the environment contribute to the way an individual behaves, and the behavior is a function of both of these variables.Interactional psychology is founded on the interactional model, which is based on the belief that the person, behavior, and environment are interconnected. The person is shaped by the environment, the environment is shaped by the person, and both the person and the environment interact to influence behavior.

The theory is based on the fact that the environment in which an individual lives can have a direct impact on their behavior. The behavior is not only influenced by personal characteristics but also by external factors, such as cultural and social factors.The theory is also based on the belief that behavior is learned, and it can be changed by modifying the environment in which an individual is exposed to. Therefore, interactional psychology focuses on finding ways to change behavior by changing the environment in which an individual is exposed to.

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The Big Hotel Brand has instituted a coaching program. What are the likely results?


The expenses for coaching will be higher than that of other types of training, but it is worth it.

Managers will find coaching too time consuming in the long run.

Productivity will be diminished because employees work less.

The hotel will develop a deep bench of talent.

Answers

Answer:

The expenses for coaching will be higher than that of other types of training, but it is worth it.The hotel will develop a deep bench of talent.

Explanation:

The essence of coaching is to develop and support individuals to maximize their potential. In coaching, an more competent and experienced person, the coach, offers instructions and guidance that helps the learner unlock their abilities.  

Coaching empowers individuals by developing their soft and interpersonal skills. It prepares them for bigger responsibilities in an organization. Coaching is costly in terms of budgets and the time-off that employees and managers require for the activities. However, the benefits of more competent and efficient employees outweigh the costs.  Coaching ensures a company has a readily available pool of talents to take up higher positions or fill any vacancies should they emerge.

T/F: a brand has the same product formulation, delivers the same benefits to consumers, and uses consistent advertising across multiple countries and cultures.

Answers

False. A brand does not necessarily have the same product formulation, deliver the same benefits, or use consistent advertising across multiple countries and cultures.

While some brands strive for consistency in these aspects, it is common for brands to adapt their product offerings, messaging, and advertising strategies to suit the specific needs, preferences, and cultural nuances of different markets. This adaptation is often necessary to effectively connect with local consumers and ensure the brand resonates with their unique values and tastes. Therefore, it is not always the case that a brand maintains uniformity in its product formulation, benefits, and advertising across diverse regions and cultures.

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what do i say to "tell me about yourself" in a job interview

(20 pts)

Answers

Answer:

1- Mention past experiences and proven successes as they relate to the position. ...

2- Consider how your current job relates to the job you're applying for. ...

3- Focus on strengths and abilities that you can support with examples. ...

4- Highlight your personality to break the ice.

Explanation:

As hard as this question is, the easiest way to answer is to talk about the past present and future.

Present: Talk a little bit about what your current role is, the seope of it, and perhaps a
big recent accomplishment.

- Past: Tell the interviewer how you got there and/or mention previous experience that's
relevant to the job and company you're applying for.

• Future: Segue into what you're looking to do next and why you're interested in this gig
(and a great fit for it, too).

Discuss the professions related to finance.​

Answers

Answer:

Financial officer, finance clerk, treasurer

Finance officers help to manage the finances of an organisation by keeping track of its income and controlling its spending.

In April 2009, year-over-year the growth rate of M1 fell to 6. 1%, while the growth rate of M2 rose to 10. 3%. In September 2013, the growth rate of the M1 money sup- ply was 6. 5%, while the growth rate of the M2 money supply was about 8. 3%. How should Federal Reserve policymakers interpret these changes in the growth rates of M1 and M2

Answers

Policymakers at the Federal Reserve should view these modifications in the growth rates of M1 and M2 as a sign that the economy is expanding. However, it becomes difficult to judge the appropriateness of monetary policy by only looking at the money supply measures.

Why do M1 and M2 growth rates differ so greatly?

Because M1 is a more ethereal gauge of the money supply, M1 and M2 grow at different rates. Some of the elements in M2 are not particularly liquid. Policymakers at the Federal Reserve can determine if the growth rates of M1 and M2 are expanding or contracting.

M1, M2, M3, and M4 are known as monetary aggregates. It is given that during the above-mentioned period, the growth rate of M1 increased by 17 percentage points. At the same time, the M2 growth rate increased by only 3 percentage points.

Even though both the monetary aggregates are moving in the same direction, there is a difference in growth rates between these two.  The 17 percentage point increase in M1 growth may seem disturbingly large and suggest that the economy will soon experience inflationary problems. On the other hand, if M2 is only considered, it would imply that the growth rate of M2 might even need to be higher.

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what are three primary reasons for asking others to review and comment on a presentation

Answers

To make sure they are good

Answer: to review content for accuracy, suggest improvements, or document feedback

Explanation:

i just took it

What do you call the process of making a new product to be sold to the customers?

Answers

The process of launching new goods or services on the market is known as commercialization.

Briefing:-

Production, distribution, marketing, sales, customer support, and other crucial tasks essential to the commercial success of the new good or service are included in the broader act of commercialization.

What do you refer to the creation of a new product as?

You should say "product development." Explanation: Making a new product to sell to clients is done through the new product development process.

What is the procedure for developing new goods or services that businesses can sell?

The stages of the product development process are ideation, research, planning, prototype, sourcing, costing, and commercialization, albeit they vary depending on the industry. Bring your own product concept to market using the development framework listed below.

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Local and regional government names are indexed first by: ______________

a. the name of the state.
b. the name of the country, city, town, township, or village.
c. the distinctive name of the department board, bureau, office, or government/political division
d. none of these choices.

Answers

ZIP Codes are not considered in determining filing order. If two names are identical, the state name in the address is considered next for indexing. The first indexing unit of local or regional government names is the name of the department. The first level of federal government names is United States Government.

The answer is the distinctive name of the department.

Paying yourself first, sticking to a budget, pacing yourself, living within your means, and knowing where your cash goes are all _______.

Answers

When we pay ourselves first, stick to a budget, pace ourselves, and live within our means, these are all financial planning measures.

What is financial planning?

This refers to spending money in such a way that we will be able to achieve our long-term goals.

It involves paying yourself first in the form of savings, pacing yourself in spending such that you live within your means, and sticking to a budget that works for you.

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Discuss the role of the father in attachment theory

Answers

Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

True or false. Your employer is responsible to make contributions, on your behalf, to the federal insurance contributions

Answers

Answer:

yes it is true

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TAKE CARE

Explanation:

A manufacturing firm in the United States is looking to find a foreign country partner to team up with to share resources and knowledge for the purpose of establishing a new product and production facility that does not involve forming a completely new company. This is an example of​ ________.

Answers

A manufacturing firm in the United States is looking to find a foreign country partner to team up with to share resources and knowledge for the purpose of establishing a new product and production facility that does not involve forming a completely new company. This is an example of​ a strategic partnership

Strategic partnerships regularly share the dangers and advantages of the choices made by the two associations and are ordinarily non-contending organizations. By giving information, administrations, and different assets that the other business wouldn't in any case approach or could get through a money trade, an essential organization plans to add an incentive for the two players. An assembling organization is looking for an unfamiliar accomplice to team up with to share assets and involvement with a request to fabricate another thing and creation an office without laying a fresh-out-of-the-box new organization, is an illustration of an essential organization. Any organization participating in a critical partnership can reduce expenses while developing deals. A solid vital accomplice usually is a business that offers types of assistance you can utilize inside your own association or that you can give to your clients and clients while providing your own support to their customer base.

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What are the differences between term-life and whole-life plans?

Answers

Answer:

whole life adds a cash value component that you can tap during your lifetime

Explanation:

which promotional issue is when promotion stimulates demand?

Answers

In case whereby, promotion stimulates demand, then it could bring about lower prices for consumers which can be regarded as promotional issue to the brand.

For demand to be stimulated,  the customers needs are expected to be understood by the brands, and this is at the center of marketing communications.

We can conclude that for promotion to stimulates demand, the result could be lowering of price of goods for the consumer.

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what is the main purpose of alcohol when doing poly gel nails?

Answers

Answer:

Gel gloss are included stronger components that realize the nail tighter than traditional lacquers and also are solid sufficient to withstand day-to-day wear and tear without damaging, discusses Essie Global Lead Instructor Rita Comment. A few distinctions in between the formula and also your normal lacquer? Gel polishes are much more adaptable, so they withstand chips; Gels are treated under a UV or LED light and brightens treatment in oxygen. Gels have to be eliminated by soaking in acetone for at the very least 10 minutes, while polishes can be quickly wiped away with nail gloss cleaner.

Explanation:

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