Business, 05.05.2020 20:05 cluchmasters5634
The stockholders equity section of Martino Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,090,000 shares, 353,000 shares issued and outstanding $3,530,000Paid-in capital in excess of par�common stock 686,000Retained earnings 578,000During the current year, the following transactions occurred.1. The company issued to the stockholders 142,000 rights. Ten rights are needed to buy one share of stock at $33. The rights were void after 30 days. The market price of the stock at this time was $35 per share.2. The company sold to the public a $219,000, 10% bond issue at 104. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $31 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8.3. All but 7,100 of the rights issued in (1) were exercised in 30 days.4. At the end of the year, 80% of the warrants in (2) had been exercised, and the remaining were outstanding and in good standing.5. During the current year, the company granted stock options for 10,600 shares of common stock to company executives. The company, using a fair value option-pricing model, determines that each option is worth $10. The option price is $31. The options were to expire at year-end and were considered compensation for the current year.6. All but 1,060 shares related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract. Collapse question part(a)Prepare general journal entries for the current year to record the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
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Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
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Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
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Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?
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The stockholders equity section of Martino Inc. at the beginning of the current year appears below....
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