Exhibit 14-13 Yoho Corp issued $500,000 of its ten-year 6% bonds at 104. Each $1,000 bond carries ten warrants. Each warrant allows the holder to purchase one share of $10 par common stock for $50. Following the sale, relevant market values were: Bonds $980 (ex rights) Warrants $14 each Common stock $60 each ? Refer to Exhibit 14-13. The entry to record the exercise of 1,500 warrants would
include a
A) debit to Cash for $15,000.
B) debit to Common Stock for $15,000.
C) credit to Additional Paid-in Capital on Common Stock for $79,500.
D) debit to Common Stock Warrants for $15,000.
C
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Figgaro Company's accounts and their balances, as of the end of August, are included below. All accounts have normal balances: Accounts receivable…..$36,000?Cash…………………….$27,000Equipment……………..59,000?Advertising expense…5,000Service revenues earned.75,000?Accounts payable………31,000Rent expense…………..3,600?Dividends..24,000Office supplies………1,500?Salaries expense………..30,000Notes payable…………22,000?Common Stock…….. 58,100a. Calculate net income.b. Determine the amount of retained earnings to be shown on the August 31 balance sheet.
What will be an ideal response?
The purpose of ________ is to ensure that the company achieves the sales, profits, and other goals set out in its annual marketing plan
A) benchmarking B) operating control C) strategic control D) SWOT analysis E) a marketing audit
Which of the following is not included in conversion costs?
A) Indirect labor B) Direct labor C) Direct materials D) Overhead
Answer the following statements true (T) or false (F)
1. An important part of controlling is monitoring and measuring progress. 2. Melita is assigning various tasks to her employees at the beginning of their shift. This is an example of the controlling function. 3. Transitioning from employee to manager is a natural and seamless process for most new managers. 4. Managers use their interpersonal skills when playing both informational and interpersonal management roles.