The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price o

Answer:

Mary must submit official paperwork related to the merger or name change to the DSO, ensuring her records are updated.

Explanation:

Since the firm has merged and changed its name from XYZ Corporation to ABCXYZ Inc, Mary needs to draft a formal notification to her DSO regarding this change and the merger.

The DSO will then amend her records with the University of the Cumberlands.

Here are the instructions outlined below. Given the details: 1 Pound T-bone: Selling price ($7.95 per pound) is $7.95; Joint costs amount to $3.80; Profit per pound therefore is $4.15. Further processing incurs a cost of $0.55 per T-bone steak, resulting in a 6-ounce filet mignon and one 8-ounce New York cut. The filet can be sold for $12.00 per pound, while the New York cut is priced at $8.80 per pound. A) Filet mignon earns $12.00 per pound, so for 6 ounces: 0.375 x 12 = $4.50. New York cut earns $8.80 per pound: 0.5 x 8.80 = $4.40. The total sales from both cuts amount to $8.90, while total costs consist of $3.80 + $0.55 = $4.35, leaving a profit of $4.55. B) Further processing the T-bone steak yields an extra $0.40 in profit.

Answer:

option A is the correct choice

Paid-In Capital in Excess of Par will receive a credit of $150,000

Explanation:

Details provided:

shares = 5000

share price = $5 / common stock

cash received = $175000

Now, we need to determine which option is correct

solution

We know we have a cash value of $175,000;

the total common stock is calculated as follows = shares × share price

Total common stock = 5000 × 5

Total common stock value = $25000

Thus, paid capital in excess = cash - total common stock value

Paid capital in excess = 175000 - 25000

Paid capital in excess is $150000

Thus, option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000