Museum Corporation acquired a new manufacturing building by issuing 10,000 shares of its $50 par value preferred stock with a $75 per share market price. Similar buildings have recently cost $780,000 . What are the effects of this transaction on the accounting equation for Museum?
a. Building and Preferred Stock increase $780,000.
b. Building and Preferred Stock increase $500,000.
c. Building increases $780,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $280,000.
d. Building increases $750,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $250,000.
d
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Lush Lawn, Inc. produces and sells electric lawn trimmers for $120 each. The variable costs of each mower total $80 while total monthly fixed costs are $6,000. Current monthly sales are $48,000. Required:1) Compute the company's current break-even point in units and dollars.2) What is the company's current margin of safety in units, dollars, and percentage?
What will be an ideal response?
The neighbor's were not happy when the gentlemans club opened nearby
What will be an ideal response?
Which of the following is an incorrect statement regarding factors influencing a business manager's choice of organizational form?
A) Provided that the business manager chooses correctly, there is an ideal form of business venture. B) Each organizational form has its advantages. C) Each organizational form has its disadvantages. D) The entrepreneur, with the counsel of an attorney and an accountant or a tax expert, should carefully weigh the advantages and disadvantages of different organizational forms for the type of business the entrepreneur wishes to engage in.
A store has the right to search the bags of a person that they honestly suspect has stolen goods
Indicate whether the statement is true or false