A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
A) $3,200
B) $6,400
C) $4,800
D) $8,800
D
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Sequentially numbering all sales invoices is an example of __________________________
Fill in the blank(s) with correct word
Which of the following is true of selective distribution?
A. It is selling through only those intermediaries who will give the product special attention. B. It is making a product available widely enough to satisfy target customers' needs but not exceed them. C. It is selling a product through all responsible and suitable wholesalers or retailers who will stock or sell the product. D. It is commonly needed for convenience products and business supplies used by all offices. E. It is selling through only one intermediary in a particular geographic area.
The U.S. government will pay AirSys $2,500,000 each six months, equal to 2.5% of the $100 million face amount of the treasury bonds (5% annual coupon rate, paid in two installments each year), and will repay the $100 million at the end of five years. At the time AirSys purchases the bonds, the market prices these bonds to yield AirSys 6% annually (3% each six months). The bonds are classified as
held to maturity. AirSys will pay an amount equal to _____ for the bonds. a. present value of an annuity of $2.5 million for 10 periods plus the present value of $100 million paid at the end of 10 periods, both cash flows discounted at 3% per period b. present value of an annuity of $5.0 million for 5 periods plus the present value of $100 million paid at the end of 5 periods, both cash flows discounted at 6% per period. c. present value of an annuity of $2.5 million for 10 periods plus the present value of $100 million paid at the end of 10 periods, both cash flows discounted at 2.5% per period. d. present value of an annuity of $5.0 million for 5 periods plus the present value of $100 million paid at the end of 5 periods, both cash flows discounted at 5% per period. e. the future value of cash flows totaling $125 million
What is job specialization?
What will be an ideal response?