Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred
shares and 300,000 common shares. During 2020, its first year of
operations, the following selected transactions occurred:
| Jan. | 1 | 4,100 of the preferred shares were issued at $11.00 per share; cash. | |
| Feb. | 5 | 15,000 of the common shares were issued for a total of $117,000; cash. | |
| Mar. | 20 | 3,000 of the common shares were given to the organizers of the corporation regarding their efforts. The shares were valued at a total of $27,900. | |
| May | 15 | 11,100 preferred shares and 15,500 common shares were issued at $13.30 and $9.70 respectively; cash. | |
| Dec. | 31 | The Income Summary account was closed; it showed a debit balance of $320,000. December 31 is Fast Car’s year-end. | |
Required:
a. Journalize the above transactions.
b. Prepare the equity section of Fast Car’s
balance sheet at December 31, 2020. (Amounts to be deducted
should be indicated by a minus sign.)
In: Accounting
Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred
shares and 300,000 common shares. During 2020, its first year of
operations, the following selected transactions occurred:
| Jan. | 1 | 4,300 of the preferred shares were issued at $13.00 per share; cash. | |
| Feb. | 5 | 15,000 of the common shares were issued for a total of $119,000; cash. | |
| Mar. | 20 | 3,000 of the common shares were given to the organizers of the corporation regarding their efforts. The shares were valued at a total of $28,100. | |
| May | 15 | 11,300 preferred shares and 16,500 common shares were issued at $13.10 and $9.50 respectively; cash. | |
| Dec. | 31 |
The Income Summary account was closed; it showed a debit balance of $322,000. December 31 is Fast Car’s year-end. |
|
Required:
a. Journalize the above transactions.
b. Prepare the equity section of Fast Car’s balance sheet at December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.)
In: Accounting
(TCO H) If the collective bargaining process is to be successful, it is important that both sides come prepared to bargain. This means that both management and labor must make plans and develop a strategy before they even look across the table at the other party. It is often this preparation that determines to what extent one side gets its way more than the other side. It is impossible to walk into negotiations without knowing the costs that are potentially involved in the new contract arrangement. Clearly the union is well-prepared with their wish list and with as many facts and figures as they can find to bolster their position. Management does much the same thing to trade off items on the table. (a) Select what you consider to be the key pre-negotiation preparation steps that can be taken by the union. (b) Select what you consider to be the key pre-negotiation preparation steps that can be taken by management. (c) Compare and contrast the historical elements that help us understand the current structure of the union.
In: Operations Management
How do digital infrastructures lead to business model innovation? In your answer identify the particular characteristics of digital infrastructures, digital markets and digital goods and services that foster such innovation. Illustrate your answer with well-chosen examples of innovative digital business models that have emerged.
In: Economics
Intentional, Anticipated Innovation - who is good at?
Parallel to other question on passive/accidental innovation, are
there any organization you know of who have consistently innovated
or transformed themselves to stay relevant or even grow the
business time and time again? What made them? What was/is in the
DNA?
In: Operations Management
Do not neglect the old for the new. The existing business must not lose priority simply because an innovative idea has been suggested. Successful innovation requires support from the existing business in terms of finance and other resources. However, when assessing risk, you must take into consideration the impact the new activities are likely to have on the existing activities. One aspect of risk assessment should involve determining whether the new ideas/ improvements or innovations will prevent the already successful operations from continuing to operate at the currently accepted level.
Choose an organisation you are familiar with. This might be an organisation you work for or you might need to conduct research into another organisation. Answer the following questions in relation to your chosen organisation, explaining and giving verifiable reasons for your answers:
Carry out your own research as needed. Cite any sources used.
In: Operations Management
Consider the external environment and relevant factors in the Macro-Environment in your company and respond to the following questions: “How Strong Are the Industry’s Competitive Forces?” DO you think that the “Collective Strength of the Five Competitive Forces Conducive will lead you to Good Profitability?”
In: Operations Management
The Mateo Corporation's inventory at December 31, 2020, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following:
What amount should Mateo Corporation report as inventory in its December 31, 2020, balance sheet? (Show your reasoning!)
In: Accounting
QUESTION: Compare and contrast the countries based on the chart you created above, then talk about potential health implications.
Access to clean fuels and technologies for cooking
|
Low Income- Japan |
Middle Income(Upper)- Panama |
High Income- Alergia |
|
2010-100.00 |
2010-85.84 |
2010-92.41 |
|
2016-100.00 |
2016-89.01 |
2016-92.61 |
B. Air Pollution Chart:
|
Low Income- Japan |
Middle Income(Upper)- Panama |
High Income- Alergia |
|
2010-92.589 2016-75.412 |
2010-96.218 2016-72.134 |
2010-100.00 2016-100.00 |
In: Economics
A regenerative Rankine cycle operates with inlet conditions of 800°C and 5MPa and exhausts to a pressure of 10kPa. A single open-feedwater heater is used with an extraction pressure of 0.8 MPa. Assume the exit states of the condenser and the feedwater heater are both saturated liquids. The turbine and pump isentropic efficiencies are 100%.
In: Mechanical Engineering