Aye Corp Was Organized in January 2020 with Authorized Capital of of 1,000,000

question 62

Short Answer

Aye Corp. was organized in January 2020 with authorized capital of 1,000,000 no par value common shares. On February 1, 2020, shares were issued at $ 10 per share. On March 1, 2020, the corporation's lawyer accepted 7,000 common shares with a fair value of $ 85,000 in settlement for legal services. Total shareholders' equity would increase on

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Definitions:

Customer Appeal

The attractiveness of a product or service to potential and existing customers, often influencing their purchasing decisions.

Just-in-time Scheduling

A strategy used in manufacturing and production that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

Lazy Managers

Describes managers who avoid work and responsibilities, often causing inefficiency and dissatisfaction within the team or organization.

Value Chain Management

The process of organizing all activities involved in creating and delivering a product or service to maximize value and competitive advantage.