Minor Corporation purchases 5,000 shares of its $4 par common stock at $7 per share and also has an outstanding loan of $100,000.
Under the provisions of the contract of the loan, Minor is required to maintain 25% of the balance of the loan in retained earnings at
all times. What is the current minimum retained earnings restriction for the company?
O $40,000
O $45,000
O $60,000
O $0

Answers

Answer 1

The current minimum retained earnings restriction for the company is $60,000

Restriction of retained earnings for Loan = Outstanding loan *  % of maintained balance

Restriction of retained earnings for Loan = $100,000 * 25%

Restriction of retained earnings for Loan = $25,000

Restriction of retained earnings for treasury Stock = Purchased shares * $7 per share

Restriction of retained earnings for treasury Stock = 5000 shares * $7

Restriction of retained earnings for treasury Stock = $35,000

Current Minimum retained earnings restriction = Restriction of retained earnings for Loan + Restriction of retained earnings for treasury Stock

Current Minimum retained earnings restriction = $25,000 + $35,000

Current Minimum retained earnings restriction = $60,000

Therefore, the Option C is correct because current minimum retained earnings restriction for the company is $60,000

See similar solution here

brainly.com/question/15738199


Related Questions

What is important team leaders training

Answers

Answer:

Team Leadership is a skills-based, practical training program that can be delivered face-to-face, virtually, or online. It's designed to give your team leaders the process, tools, and leadership skills they need to empower team members, improve productivity, and increase the success of your team initiatives.

If Pizza Hut uses digital media along with more traditional newspaper ads to create a more synchronized and consistent message for customers, it is most likely engaging in

Answers

The creation of a synchronized and consistent message for the customers of Pizza Hut using digital media and traditional newspaper ads shows that Pizza Hut is most likely engaging in: Integrated Marketing Communications (IMC).

What is Integrated Marketing Communications (IMC)?Integrated Marketing Communications (IMC) can be described as the promotion and the application of marketing efforts in consistently passing a persuasive message that has impact on customers.Various promotion elements are synchronized to improve the effectiveness and efficiency of budget allocated to promotion.

Thus, the creation of a synchronized and consistent message for the customers of Pizza Hut using digital media and traditional newspaper ads shows that Pizza Hut is most likely engaging in: Integrated Marketing Communications (IMC).

Learn more about Integrated Marketing Communications (IMC) on:

https://brainly.com/question/9696745

Compare your results to the industry ratios and describe what NMC should do to improve its position in the market.

Answers

Answer:

sorry need points ok.

Explanation:

sorry talaga ha

pero wag kayong magalit

ayaw kasukowag kang magalitnever angry

write the interrelationship between education and profession​

Answers

Explanation:

in order to have a profession you need to get an education first ... if you start out working along side someone,that someone is giving you an education in how to do the job you want to do. if you are planning a profession such as a doctor or a lawyer , prepare yourself for a lot of education..

I need help for this answer because i want to make sure if im correct or wrong. You will get 30 points for this​

Answers

The answer is option 4.

A double-entry accounting system is a system in which business transactions are recorded from dual aspects (from both the sides / aspects :- the receiver & the giver..the debit & the credit).

_____

RainbowSalt2222 ☔

Why Does a Taxi To Gatwick Airport Make So Much Sense?

Answers

Answer:

Because se seen is very beautiful no te jode

Explanation:

If you go by car blalalal is more goood

how does it make sense

5. Describe what causes a change in demand.

Answers

Answer: A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.

Explanation: mark me brainly please

Over the last three years, Christmas tree prices have increased from an average of $35 per tree to over $75 per tree. How would a Christmas tree farm and the overall industry respond to the price change under the following circumstances

Answers

The Christmas tree farm would respond by:

In the short run, producers are going to earn profits and also increase their supply of the product.

This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.

As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.

This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.

Read more on https://brainly.com/question/25083966?referrer=searchResults

I'm raising $15,000 until 12/27/2021 for collage funraiser. Can you help? ​

Answers

Answer:

how

Explanation:

What is defined as the human response to overstimulation?​

Answers

Answer:

In essence, stress is the human body's response to overstress.

Explanation:

During stress, the human body produces the hormone adrenaline, which makes you look for a way out. Stress in small amounts is necessary for everyone, because it makes us think, look for a way out of the problem, and in this case it has a positive value. But on the other hand, if stress becomes too much, the body becomes weaker, loses strength, the ability to solve problems and can cause serious illness.

Answer:

What is the definition of overstimulation?

English Language Learners Definition of overstimulate

: to cause (someone or something) to become too active or excited : to stimulate (someone or something) too much. See the full definition for overstimulate in the English Language Learners Dictionary. More from Merriam-Webster on overstimulate

SEE ATTACHMENTS

Lancer, Inc. (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2019. The following account balances for the year ending December 31, 2020, are stated in kuna (K), the local currency:


Sales K 200,000
Inventory (bought on 3/1/20) 100,000
Equipment (bought on 1/1/19) 60,000
Rent expense 12,000
Dividends (declared on 10/1/20) 22,000
Notes receivable (to be collected in 2023) 36,000
Accumulated depreciation—equipment 18,000
Salary payable 5,000
Depreciation expense 6,000


The following U.S.$ per kuna exchange rates are applicable:


January 1, 2019 $0.19
Average for 2019 0.20
January 1, 2020 0.24
March 1, 2020 0.25
October 1, 2020 0.27
December 31, 2020 0.28
Average for 2020 0.26


Lancer is preparing account balances to produce consolidated financial statements.



Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements?

Assuming that the U.S. dollar is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements?



(For all requirements, round your answers to 2 decimal places.)

Answers

The question is about what currency rates will be used if

Assuming Kuna is the functional currency preparing accounts in US$  

Sales $769,230.77

Inventory $400,000

Equipment $315,789.47

Rent Expense $46,153.85

Dividends $81,481.48

Notes Receivable $138,461.54

Accumulated Depreciation - Equipment $69,230.77

Salary Payable $19,230.77

Depreciation Expense $23,076.72

If US$ is the functional currency, preparing accounts in Kuna

Sales K 200,000

Inventory K 100,000

Equipment K 60,000

Rent Expense K 12,000

Dividends K 22,000

Notes Receivable K 36,000

Accumulated Depreciation - Equipment K 18,000

Salary Payable K 5,000

Depreciation Expense K 6,000

Learn more at https://brainly.com/question/20060432

Answer:

a.  Sales 0.26

Inventory 0.28 (12/31/20 rate)

Equipment 0.28 (12/31/20 rate)

Rent Exp 0.26

Dividends 0.27 (declared date 10/1/20)

Notes Receivable 0.28 (12/31/20 rate)

Acc. Depreciation-equipment 0.28 (12/31/20 rate)

salary payable 0.28 (12/31/20 rate)

Depreciation exp. 0.26

 

b. Sales 0.26

Inventory 0.25

Equipment 0.19

Rent Exp 0.26

Dividends 0.27

Notes Receivable 0.28

Acc. Depreciation-equipment 0.19

salary payable 0.28

Depreciation exp. 0.19

Explanation:

a. We utilized the weighted average exchange rate for 2020 bec. each revenue and expense would have been recognized evenly throughout the year. Inventory, Equipment, Notes Receivable, Acc. Depreciation & Salaries payable are translated at the exchange rate in effect at the date of accounting recognition 12/31/2020. Dividends is the only acct. translated to when date of declaration.

b. All rates are the same except Inventory, Equipment, Acc. Depreciation & Depreciation Exp, they are translated at the exchange rate during purchase.

16660 kronas how much is this in us dollars

Answers

Answer: 1,900.05 United States Dollar

Explanation:

How has Starbucks adapted to Chinese culture?

Answers

It hasn’t coffe has nothing to do the the Chinese culture besides the logo of a mermaid

Answer:

Starbucks bridged the gap between the tea drinking culture and the coffee drinking culture by introducing beverages in China that was based on local tea-based ingredients. Starbucks also introduced a highly localized menu of beverages and snacks that are particularly customized to suit Chinese taste buds.

Explanation:

ở mỹ nổi lên một nhà triệu phú nổi tiếng về kỹ nghệ da mèo chiến lược mèo xơi chuột chuột xơi mèo

Answers

Meta nam Diogo Merida hai

In the IRA form of a simple retirement account, employer's can contribute as much as they want into the employee's simple retirement account, even though the employee's contribution is limited to $13,500.

True or False and why. Links verifying this would be appreciated.

Answers

Answer:

true and i took the test (:

Explanation:

Research and find out about the changes in business sectors of Pakistan from 1947 to date. Give reasons for the changes you have identified. (10)

Answers

Answer:

Since Indian independence in 1947, the economy of Pakistan has emerged as a semi-industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification. ... Pakistan suffered its only economic decline in GDP between 1951 and 1952.

What is one reason to connect to the same file several time?

Answers

Answer:

 You want to make sure you have all the data. You want to separate data from the file to create lookup tables.

One reason to connect to the same file several time is that you want to separate data from from the file to create lookup tables.

What are lookup tables?

"A lookup table is an array of data that maps input values to output values, thereby approximating a mathematical function. Given a set of input values, a lookup operation retrieves the corresponding output values from the table. If the lookup table does not explicitly define the input values, Simulink can estimate an output value using interpolation, extrapolation, or rounding, where: an interpolation is a process for estimating values that lie between known data points."

" An extrapolation is a process for estimating values that lie beyond the range of known data points. A rounding is a process for approximating a value by altering its digits according to a known rule. A lookup table block uses an array of data to map input values to output values, approximating a mathematical function. Given input values, Simulink performs a “lookup” operation to retrieve the corresponding output values from the table. If the lookup table does not define the input values, the block estimates the output values based on nearby table values."

What is data?

"Data are individual facts, statistics, or items of information, often numeric. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum is a single value of a single variable."

To learn more about data here

https://brainly.com/question/13650923

#SPJ3

Your dad mentioned that he had $100,000 in his retirement account 20 years ago. If the account has grown by the market rate of 10% per year by how much would the account have grown.

Answers

Answer:

ow much would the account have grown

outlook 365 can be described as a personal information manager true or false

Answers

Answer:

True.

Explanation:

If you search up this exact question, your number one answer should be from wikipedia. It says, and I quote:

"Microsoft Outlook is a personal information manager software system from Microsoft, available as a part of the Microsoft Office suite. Though primarily an email client, Outlook also includes such functions as calendaring, task managing, contact managing, note-taking, journal logging, and web browsing."

What are the most important determinants of success in an interview? HELP ASAP ONLY RIGHT ANSWERS

A. Miscellaneous, Responsiveness
B. Responsiveness , Packaging
C. Responsiveness, Experienced
D. Packaging ,Experience

Answers

The most important determinants of success in an interview includes Responsiveness, Packaging, Experienced etc

Success in the context refers leaving a good impression to the interviewer and that one is capable to handling the job position applied for.

Some of the determinant that brings success in an interview includes:

Responsiveness: The act of responsiveness, verbal tone speaks much about the job applicant.

The packaging means the act of dressing smart.

Experienced refers to length of previous work experience possessd by job applicants

Therefore, the Option B, C and D is correct.

Read more about this here

brainly.com/question/9781803

Consumer A consumes gasoline Rmb 200 yuan while consumer B purchases 20 liters of gasoline every time. What are the price elasticities of these two consumers?

Answers

The price elasticity of these two buyers is different because consumer A only has 200 yuan and buys as much gasoline as can be with that money, while consumer B needs 20 liters regardless of its price.

The price elasticity of demand is a term that refers to the change in the quantity demanded of a good when its price changes. According to the above, the elasticity of the consumer A does vary because he only has 200 yuan to buy gasoline, so if the value of gasoline increases, he will be able to buy less gasoline.

On the other hand, consumer B does not have much interest in the value of gasoline because he needs 20 liters, that is, if the value increases or decreases, he will continue to buy the 20 liters regardless of its value.

Learn more in: https://brainly.com/question/14469117

Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year; of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department. The company manufactures two types of boats: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year. Compute departmental overhead rates for each department using direct labor hours for that department Multiple Choice

Answers

The overhead rate for the assembly department is $37.5 per hour, while the overhead rate for the finishing department is  $112.5 per hour.

In business, the overhead rate refers to the production cost of a service or product. This rate is calculated using the following equation:

Overhead rate = Manufacturing overhead cost / total amount of the allocation base (hours that production takes)

Based on this, let's calculate the rate for each department:

Assembly department:

The manufacturing overhead cost is  $960,000

Direct labor hours:

Fishing model: 28 hours x 400 units = 11,200

Yacht: 36 hours x 400 units = 14,400

Total direct labor hours = 11,200 + 14,400 = 25,600

Overhead rate = $960,000 / 25, 600 = $37.5 per hour

Finishing department:

The manufacturing overhead cost is $720,000

Direct labor hours:

Fishing model: 4 hours x 400 units = 1,600

Yacht: 12 hours x 400 units = 4,800

Total direct labor hours = 1,600 + 4,800 = 6,400

Overhead rate = $720,000/ 6,400 = $112.5 per hour

Learn more in: https://brainly.com/question/12928151

how can we manage tour from Heathrow Airport to London?

Answers

Answer:

Heathrow Airport, originally called London Airport until 1966 and now known as London Heathrow, is a major international airport in London, England. With Gatwick, City, Luton, Stansted and Southend, it is one of six international airports serving the London region.

Explanation:

hope it's help

Make a list of information areas that the individuals who join foreign employment should know or understand.​

Answers

Answer:

Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. People who went overseas to work can learn different skills and technologies which can be beneficial for the development of our own country. Foreign employment reduces the unemployment problem of a country. It may help to develop international relations with other countries because the country has to do labour contract with other countries and embassies has to be established there.

Bridger Ski Co. has developed a tract of land into a ski resort. The company has cut the trees, cleared and graded the land and hills, and constructed ski lifts. a. Should the tree cutting, land clearing, and grading costs of constructing the ski slopes be debited to the land account

Answers

Answer:

A. Yes

B. No

Explanation:

According to the question, option A, The tree cutting, and land clearing answer is yes, and for option B costs of constructing the ski slopes be debited to the land account the answer is NO.

What is the land account?

A land account organizes information on land value, usage, and cover in a consistent manner throughout time and space. This kind of information organization demonstrates the connections between environmental and economic processes as they occur throughout our planet.

A land account lays the groundwork for understanding Australia's land and aiding in improved decision-making. It serves as the basis for several additional accounts, including ecosystem accounts.

Using a land account, we can:

Monitor changes in vegetation and land cover and comprehend their timing and mechanisms; assess policies and programs to determine whether they are having the desired effect, and comprehend the effects of various land uses on the environment and the economy.

To learn more about land accounts follow the link.

https://brainly.com/question/23481519

#SPJ2

Give your opinions on this quote: To win a negotiation, you have to show you're willing to walk away. And the best way to show you're willing to walk away is to walk away (Michael Weston).

Answers

Answer:

The quote is pretty much true, and agreeable. If you want to win something, you gotta be able and willing to lose it. And the best way to show you're willing to do something? Do it.

Explanation:

^^

Contingent liabilities are only recognized if they arise from past events. Group startsTrue or False

Answers

The question which asks if contingent liabilities are only recognized if they arise from past events is:

False

According to the given question, we are asked to see that we need to find out if contingent liabilities are only recognized if they arise from past events or whether there are other factors involved.

As a result of this, we can see that contingent liabilities has to do with a liability which can occur later in the future and which the finance can be adequately estimated or calculated, such as a potential lawsuit which could lead to an out of court settlement.

Therefore, the correct answer is False

Read more here:

https://brainly.com/question/17371330

Options for dealing with uncertainty include using safety ________. Inventory and demand Demand and stock Lead time and inventory Stock and lead time

Answers

When one experiences uncertainty in business, one way they can deal with it is by using safety stock and lead time.

Safety stock and lead time:

Allow for goods to arrive earlier than they normally would have so as to avoid delays Allows for goods to be stored to satisfy an unplanned increase in demand

By doing these things, safety lead time and safety stock ensure that a company can deal with stock uncertainty such that they will have enough to sell to people.

In conclusion, one can deal with uncertainty through the use of safety lead time and stock.

Find out more at https://brainly.com/question/7519651.

Which of the following statements is true about taxes?
A)Taxes pay for schools first responders and roads.
B)Taxes pay toll road fees and office buildings.
C)Taxes are only collected by the federal government.
D)Taxes are only collected by state governments.

Answers

The statement that is true about taxes is that A. Taxes pay for schools first responders and roads.

Taxes simply means the compulsory levies that are paid by individuals and firms to the government. The revenue gotten from taxes is vital for the development of an economy.

Tax revenues can be used in providing infrastructural facilities and pay for schools first responders and roads. First responders include police, firefighters, paramedics, etc.

Read related link on:

https://brainly.com/question/25496563

Answer:

Your answer is: A)Taxes pay for schools first responders and roads.

Explanation:

A new e-commerce startup with global operations is looking for a method to manage its supply-chain data for production. Instead of using bar codes, scanners, paper forms, and individual databases, making the system difficult to use, which method should be used to quickly track shipments

Answers

The shipping industry is one that handles a lot of transactions that might sometimes be difficult to track. For the new e-commerce startup with global operations who is looking for a method to manage its supply-chain data for production, the method that they can use to quickly track shipments is;

Blockchain

Blockchain is a reliable and fast way of recording transactions. It is a digital ledger that operates in such a way that when it receives information, other computers that are connected to the central system become updated.

This way, the information is not lost. It is used in supply chain to make the processing of transactions easier and faster.

Learn more here:

https://brainly.com/question/18793688

Other Questions
Which of the following is a type of equation which returns a value such as TRUE orFALSE?A. ArgumentB. ExpressionC. NestD. Control Aydenme por favor amigos To be protected under the Copyright Act, a work must be a. a concept, principle, or discovery. b. none of the choices. c. an inseparable idea and expression. d. original and fixed in a durable medium. What is the equation of the line that passes through the point (4,7) and has a slopeof -1/4 A train travels 160 miles at a constant speed for 80 minutes. What is the speed of the train in mi/min USE PICTURE TO ANSWER QUESTION how would I solve this?? logx^125 = -3 Calculate the molar mass of carbon tetrachloride, CCl4. use the map to examine the physical characteristics of Sparta and Athens. because of its location, which city state would have an advantage over the other in time of War? Tom is three years older than his brother Tim. The sum of their ages is 79 How old will Tim be in five years? Word Choice and Author's Purpose in warriors don't cryRead the excerpt from Warriors Don't Cry.As hard as I tried not to care, I couldnt start my morning without knowing what the governor, his National Guard, and the school board were up to. I had to face the awful truth. Grandma was right, I was letting those people determine how I felt, and how I lived a great part of my day.What best describes the narrators mood?inspiredmournfulbotheredsympathetic Example of allusion in Folsom prison blues ANSWER USING STEPS: y=2/3x-5 (y=x-4(y=-2x+5 ................................................................ Help Help Help Help Help Help What is the size of the giraffe population? The volume of a ballon is 2.85L at 1.00 atm. What pressure is required to compress the balloon to a volume of 1.70L? I'm going to pick a number between 0 and 10 inclusive, multiply it by 5, add 7 to the result, multiply that sum by 2, then pick a number between 0 and 10 to add to my product, then subtract 6. My result is 45. What is the product of the two numbers I picked? What led to the development of the Swahili language in Africa?OAthe blending of indigenous and Arab cultures through trade in North AfricaBthe blending of indigenous and Arab cultures through trade over the Indian Oceanthe blending of indigenous and European cultures through trade in North AfricaDthe blending of indigenous and European cultures through trade over the Indian Ocean B. Complete the diagram to find the unit rate for the 5-class block.What is the cost per class?