Trainor Sports recently issued 25,000 shares of its $12 par value common stock for $450,000. Which amounts represent legal capital and total paid-in capital, respectively

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Answer 1

The amount that represents legal capital is $300,000 and the amount that represents total paid-in capital is $450,000.

The legal capital is the amount that is based on the par value or stated value of the common stock per share. For example, in this case, the par value per share is $12.

The legal capital is obtained as the sum of 25,000 shares x $12, which is $300,000.  The difference of $150,000 ($450,000 - $300,000) is the additional paid-in capital.

Thus, the total amount of $450,000 is the recently issued total paid-in capital for Trainor Sports.

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Answer 2

The amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

a. Legal fees

Using this formula

Legal capital=Number of shares× Per value

Let plug in the formula

Legal capital=25,000×$12

Legal capital=$300,000

b. The total paid-in capital is $450,000 reason being that $12 par value common stock was issued at cost of $450,000.

Inconclusion the amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

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Related Questions

a country opens to trade. if the world price of a good exceeds the domestic price, the result will be:

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Based on macroeconomic theory, a country opens to trade. If the world price exceeds the domestic price, the result will be export.

This is because it is beneficial or advantageous for a country to export its goods when the world price exceeds the domestic price.

This implies that the country's export goods will be cheaper than the world price of such goods.

In turn, other countries would demand their goods because of lower prices, thereby promoting more exportation of such goods.

Hence, in this case, it is concluded that the correct answer is export.

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match each label to the appropriate scenario. note that some labels may be used more than once, while other labels may not be used at all. additionally, some scenarios may apply to multiple labels, while other scenarios will only apply to one label.

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Demand and supply increases in this scenario:

Gasoline: a new housing development goes up. Several new gas stations are built nearby

Demand increases and supply decreases in this scenario:

Taxis: public transit workers at a popular tourist attraction go on strike as a holiday weekend approaches

Demand and supply decreases in this scenario:

Pumpkins: an early frost destroyed much of the pumpkin crop. A newspaper reports zucchini is better for pie than pumpkin.

Demand decreases and supply increases in this scenario:

Corn: news media run stories about people with corn allergies. The corn crop is unusually large.

The factors that lead to a change in the demand of a good

Change in the price of a substitute good: if the price of a substitute good increases, the demand for the good increases and if the price of the substitute decreases, the demand for the good decreases.

Reports: If a favourable report is released about a good, the demand for the good would increase. If the opposite is the case, the demand for the good would decrease.

Change in weather: When winter is approaching, the demand for winter coats would increase and it would decline in summer.

Factors that lead to a change in supply

A change in the number of suppliers: if the number of suppliers of a good increases, there would be an increase in supply of the good. If the number of suppliers declines, there would be a fall in supply.

Natural disaster: A flood would reduce the supply of a good.

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the vice president of finance at adventure park, an amusement park, disseminated a new five-year strategic plan to the merchandise, attractions, and operations directors. this is an example of ________ communication.

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When the vice president disseminated the 5 year strategic plan to the directors. it is definitely an example of downward communication.

A downward communication refers to the flow of communication or information from top hierarchies to the lower ranks.

When a CEO pass an important message through mail to all lower hierarchies of his organization, this type of communication flow is known as downward communication.

In this question, the vice president is disseminating information to different directors below him, so, it is an example of downward communication because the information flows from high to low hierarchy.

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As a project lead, your team is on its way to finishing work on the project, while you have the impression that a staff member is already negotiating the next assignment in another project. You are afraid that the person may come under pressure to start working on the other job before she has finished her work for your project. Her task is very complex, and it would be hard for someone else to take up the partial results and finish them. What action is most likely to resolve the situation

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The action most likely to resolve the situation is to use your network of project managers to find another role for the person that allows for a smooth transition and doesn't conflict with your needs.

This is the best course of action because a smooth transition between projects allows for greater motivation in the current project, according to the PMBOK.

Therefore, using your network of project managers to find another assignment and allow for a smoother transition that doesn't conflict with your needs is the most suitable option.

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Company A wants to buy company B, but company B is unwilling to sell. However, company A is able to complete a hostile takeover and purchase control of company B against its will. What is the most likely explanation for why this is possible? O
A. Company B is a cooperative, meaning that it must cooperate with any offer to purchase it for a fair market price.
B. Company B is a franchise, and company A has convinced the parent company to revoke its licenses. C. Company B is a publicly traded company, so company A can buy the majority of its ownership shares.
D. Company B is an LLC, meaning that the board of directors is not liable to protect the company's interests.​

Answers

Answer:

Explanation: b

a fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a __________ plan.

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There are different types of benefit plan. A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a cafeteria-style plan.

Fringe Benefits  is simply regarded as Benefits such as sick-leave pay, vacation pay, pension plans etc., that stands for an additional compensation given too an employees that is far above base wages.

A cafeteria-style plan is a plan that gives employees coverage of expenses in cases like prescription medicine through the withholding of a part of their pre-tax salary.

Employers do gain through the use of these plans as they will not pay FICA on cafeteria-style benefits plans.

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Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?

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Government often deduct tax from income of the people. The option that is not a possible tax or deduction that could be withdrawn from your paycheck is Sales tax.

A sales tax is simply known as a tax paid to body (Government/set up body)for the sales of specific goods and services.

The law gives seller the right to collect funds for the tax from the consumer at the point of purchase.

It is a tax that  is placed on goods or services that is paid to a governing body directly by a consumer.

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Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

Answer choices

State income tax Contributions to retirement savings FICA Sales tax

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Answer:

sale tax

Explanation:

The banking crisis of 2008 is quite interesting to analyze. The factors that led to this near banking collapse are intriguing to say the least. In this exercise you will be evaluating the factors that led up to the crisis and determining which ones could have created this scenario.

There is no simple answer to what led to the banking crisis, as there were many factors that contributed over a long period of time. Understanding the factors that led to the crisis is very important, as such an understanding will help regulators prevent similar situations in the future.

Please analyze the factors that are given to determine which ones could have potentially worked together to have created the banking crisis of 2008, and then place each factor in the category of either “Major Contributor” or “Little or No Contribution.”

Answers

Banking crisis of 2008 was due to thr global financial crisis that occure during the period

The global financial crisis was a severe worldwide economic crisis.

The financial crisis was rated the most serious financial crisis since after the Great Depression that happened in the 1920s to 1930..

1. Repeal of some provisions of the Glass-Steagall Act of 1933 is a Major contributor to the Banking crisis of 2008.

2. Savvy individual investors is not a Major contributor to the Banking crisis of 2008.

3. The Community Reinvestment Act (CRA)   is a Major contributor to the Banking crisis of 2008.

4. Borrowers’ lack of financial knowledge is a Major contributor to the Banking crisis of 2008.

5. The Troubled Asset Relief Program (TARP) is a not a Major contributor to the Banking crisis of 2008.

6. Mortgage-backed securities (MBSs) is a Major contributor to the Banking crisis of 2008.

7. Electronic Fund Transfer System (EFTS)  is not a Major contributor to the Banking crisis of 2008.

8. Looser governance of loan requirements is a Major contributor to the Banking crisis of 2008.

9. Loans with variable interest rates  is a Major contributor to the Banking crisis of 2008.

10. The creation of the FDIC is a Major contributor to the Banking crisis of 2008.

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Answer:

Explanation:

quick way to get the answer your looking for took a pic of the diagram!

an example of a non-pecuniary job characteristic is

Answers

Answer:

A comfortable work environment.

Explanation:

List the four steps in preparing a statement of cash flows in the correct order. Instructions Choice 1 of 4. determine the net cash flows from financing activities toggle button determine the net cash flows from financing activities Choice 2 of 4. determine the net cash flows from investing activities toggle button determine the net cash flows from investing activities Choice 3 of 4. calculate the net cash flows from operating activities toggle button calculate the net cash flows from operating activities Choice 4 of 4. combine operating, investing, and financing activities toggle button combine operating, investing, and financing activities

Answers

The four steps in preparing the statement of cash flows in the correct order includes:

Calculation of net cash flows from operating activities.Calculation of net cash flows from investing activitiesCalculation of net cash flows from financing activitiesCombination of operating, investing and financing activities.

The cash flow statement is a financial statement that helps to summarizes the company's value cash and cash equivalents which enters and leaves the business.

The steps in preparing the statement of cash flows in order includes:

Calculation of net cash flows from operating activities.Calculation of net cash flows from investing activitiesCalculation of net cash flows from financing activitiesCombination of operating, investing and financing activities.

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________ is the only element in the marketing mix that produces revenue.

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Pricing is the one and only element of the marketing that helps in revenue generation.

What is pricing?

Pricing is a process, which helps in determining the true and fair value of a product or a service that is being offered for sale in the market. At such determined price, the consumers buy such goods or services.

No other element in marketing mix involves revenue generation, as only pricing can bring the inflow of cash in an organization from the buyers in the market as such.

Hence, pricing element of the marketing mix produces revenue for the firm.

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Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.

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Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."

This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.

The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.

The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.

Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.

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Which type of advertising focuses on promoting an organization or business as a whole rather than specific goods or services

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Answer:institutional

Explanation:

Use the word SMART goal in a sentence:​

Answers

Answer:

He was the smartest kid in the class because he knew how to solve the hardest math problem on the worksheet.

Explanation:

How to calculate percent yield.

Answers

Answer:

experimental yield divided by theoretical yield multiplied by 100

Explanation:

Executive stock options are outstanding all year that permit executives to buy 12 million common shares at $50. The average market price of the common stock was $60. When calculating diluted earnings per share, the assumed exercise of these options will increase the weighted average number of shares outstanding by:

Answers

The assumed exercise of these options will increase the weighted average number of shares outstanding by 2 millions share.

The calculation of the Proportion by which share increases is as follows:

= ($60 - $50) /$60

= $10 / $60

= 1/6

Calculation of increase in weight average number of outstanding share if all stock options are exercised is as follows:

= 12 million shares * 1/6

= 2 millions share

Hence, the assumed exercise of these options will increase the weighted average number of shares outstanding by 2 millions share.

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When a firm decides to combine multiple modes of transportation to complete a single long-distance movement of freight,

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The term that explains when a firm utilize the combination of multiple modes of transportation so they can have a movement of freight is Multimodal Transport.

Multimodal Transport can be regarded as the combination of different means of transport. This is done by a firm so they can facilitate the movement of cargo.

This is done when a long distance movement of freight is required.

Therefore, the correct term is Multimodal Transport

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what is called higher level education​

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Tertiary education leading to award of an ecademic dagree.

The balance in the accumulated depreciation account represents the:

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The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value.

The auto insurance plans available from Fret-No-More Auto Insurance are outlined in the table below. To be considered "full" coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage?.

Answers

There are different types of car insurance. The annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage is $473.16

Insurance is often made for vehicles. The six most used car insurance coverage options are:

Auto liability coverage Uninsured and underinsured motorist coverageComprehensive coverage, Collision coverageMedical payments coverage and Personal injury protection.

These insurance are often taken based on where a person live, They can be mandatory and optional coverage types.

Auto insurance is a contract between you and the insurance company that protects you against unforeseen accident or theft.

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Answer:

A: $473.16

Explanation:

Ivers Co. holds $30,000 of available-for-sale securities. Ivers intends to hold these securities for three years. Ivers should report these securities as a(n) ________ on the balance sheet.

Answers

Answer:

long term asset

Explanation:

long term asset

Shelby hired Lynn, an attorney, to represent her in an employment discrimination case. Lynn is a(n) _____ who has a duty to act on behalf of Shelby. Shelby hired Lynn, an attorney, to represent her in an employment discrimination case. Lynn is a(n) _____ who has a duty to act on behalf of Shelby. principal fiduciary trustee employee third-party beneficiary

Answers

The answer is fiduciary

Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of: a.$105,900 b.$87,000 c.$40,000 d.$0

Answers

Lucas can exclude from his gross income wages of $87,000.

Usually, a United State's citizen living and working abroad is taxed on his worldwide Income.

The maximum amount of exclusion of foreign earned income for Singles in 2019 is $105, 900.

Here, he is a single taxpayer who worked in Denmark for MNC Corp for the whole of 2019 and earned the salary of $87000.

He's eligible to exclude the amount of $105,900 from his gross income. and his salary is less than maximum limit allowed for exclusion, therefore, the gross income will be excluded.

In conclusion, the Option B is correct because can exclude from his gross income wages of $87,000.

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1. Which product type (coffee/ espresso/ herbal tea/ tea) yields the maximum profit in each market size(major/small)? (2 points).

Answers

Coffee is the maximum profit

complete the table by indicating the change in each determinant necessary to increase aggregate demand.

Answers

Aggregate demand often experience an increase and decrease due to different factors. The table showing the change in each determinant that is necessary to decrease aggregate demand.

Consumer expectations about future profitability = improveGovernment spending = IncreaseInterest rates = IncreaseThe value of the domestic currency relative to the foreign currency = Appreciate/Increase.

Aggregate demand is simply known to be the sum of the consumption expenditure, government expenditure, investment expenditure, and net exports of a country.

It is often used to know the changes in income, output, and level of employment in the economy.

A decrease in aggregate demand will make Consumer expectation about future profitability Worsen while an increase in aggregate demand will make Consumer expectation about future profitability to improve.

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how much money was spent on black friday this year?

Answers

Answer:

a lot of money was spent this year

Corporations distribute profits to owners through: Group of answer choices bonds. interest. taxes. dividends.

Answers

Dividends if they are talking about co owners (people who own stock and shares)

Should a business email contain a salutation?

Answers

Answer:

A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)

Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services

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The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.

Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.

In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize

The medium which are most perfect for direct marketing channel includes through internet, digital media etc

In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.

Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.

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I'LL GIVE BRAINLIEST!!!
The Smith family wants to relocate to a neighborhood with better schools before their three-year-old goes to kindergarten. They talked with Byron about properties he has for sale in neighborhoods they would like to live in. They also mentioned to Byron that they both work and may need someone to help with in-home care for their child. Byron gave them Taylor’s name to call about childcare. The Smiths also said they were having a hard time getting loan approval, so Byron suggested that they call Travis. Which best describes the jobs performed by Byron, Taylor, and Travis?

Byron is a Customer Service Representative, Taylor is a Child Care Worker, and Travis is a Loan Counselor.
Byron is a Real Estate Manager, Taylor is a Nanny, and Travis is a Loan Counselor.
Byron is a Real Estate Manager, Taylor is a Preschool Teacher, and Travis is a Customer Service Representative.
Byron is a Home Counselor, Taylor is a Nanny, and Travis is a Property Manager.

Answers

Answer:

option C Byron is a Real Estate Manager, Taylor is a Preschool Teacher, and Travis is a Customer Service Representative.

Explanation you can give other guy brainliest

According to the passage, Byron is the real estate manager, Taylor is the preschool teacher and Travis is a customer service representative.

What is real estate manager?

Real estate manager is a person who deals with property. He sells the property act as mediator between the seller and the buyer. He also determines the rental income and act as negotiator in the lease agreement.

In the passage the Byron occupation is of real estate manager who helps in the Smith family for selling their property. The child of smith requires the childcare. Thus Taylor is the preschool teacher.

Travis is the customer service representative who is requires by the smith family to approve the loans.

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plz help me find this answer In a Parallelogram CARS , T __________ (ser) una persona muy interesante.Nuestro viaje a Buenos Aires __________ (ser) muy bueno.Las presentaciones __________ (ser) fantsticos. Ella _________ (ir) al centro comercial.Sandy _________ (ir) a la biblioteca para buscar informacin. Mi familia y yo ____________ (ir) al Festival San Antonio. Assuming a 1-KB page size, what are the page numbers and offsets for the following address references (provided as decimal numbers): a. 3085 b. 42095 c. 215201 d. 650000 e. 2000001 What is the difference between Buddhism and Hinduism and Sikhism and Jainism Where did Nelson Mandela go to school Problem 2A recipe for sparkling grape juice calls for 112 quarts of sparkling water and 34 quart of grape juice.How much sparkling water would you need to mix with 9 quarts of grape juice? Response area of sparkling water. How much grape juice would you need to mix with 154quarts of sparkling water? -- area of grape juice.How much of each ingredient would you need to make 100 quarts of punch? ---- area of sparkling water and Response area of grape jui can you use condensed milk instead of evaporated milk I need help with dis plz cos(tan + cot) = csc sec cos^2 1 Today, how many electoral votes does each state get? a. A number equal to the state's number of House and Senate members b. 1 c. 10 d. 2 e. 1 for every 100,000 residents Please help, will mark brainliest!!! :Dbtw, you can just answer in A B C D; A is upper left, B is upper right, C is lower left, D is lower right.THANK YOUUUUUUUUUUUUU Find x for brainiest 3 EXTRA POINTS!! SOS Which of the following groups is most likely to target only the House of Representatives?A. A group wishing to have a new subcommittee created to limit the sale of over the counter decongestantsB. A group wishing to have a treaty dealing with carbon taxes on fossil fuels revisedC. A group wishing to have tariffs increased on foreign steel to help domestic manufacturersD. A group wishing to have a new tax placed on marijuana production in order to halt its production Read the following text:In the 1970s, drinking containers for soda and water changed from glass bottles to plastic bottles. Glass bottles were reusable. People bought the bottles, drank the liquid, and returned the empty containers to the store for a refund. The company collected, cleaned, and refilled the glass bottles at bottling plants. In contrast, plastic bottles were made out of Polyethylene terephthalate, making these containers disposable. Consumers bought the containers, drank the soda or water, and threw the plastic containers into the garbage. Unlike glass bottles, this plastic invention was cheap to produce. For every glass bottle, companies could make 2040 plastic ones. Companies favored the more economic choice, and plastic bottles soon replaced glass bottles.What is the overall structure of this text? Cause and effect Chronological order Compare and contrast Problem and solution Whatwarning did the Monroe Doctrine give Europe?O A) not to import any more slaves to AmericaOB) to stop building Indian reservations in AmericaOC) not to get involvedin America'spoliticsOd to stop using theAtlantic Oceanfor trade Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing Jonte has such a extreme fear of flying that she almost never gets home to see family in Georgia, ever since she took a job in New Jersey. Her excessive, distressing, and persistent fear is considered a/an HELPPP ASAPA:60B:75C:10D:30 Hey can someone please help me in this question?