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Lerner Company had the following transactions in 2016,its first year of operations.
? Issued 25,000 ordinary shares.The issue price of the shares was $18.00 per share.
? Issued 1200 preference shares for $200 per share.
? Earned net profit of $36,000.
? Paid no dividends.
At the end of 2016,what is the total amount of shareholders' equity?
Learning-by-doing
An economic concept that suggests productivity and efficiency improve through practice and the accumulation of experience.
Spreading the Overhead
The practice of distributing fixed costs over a variety of products, projects, or business units to ensure efficiency and reduce the overall cost per unit.
Economies of Scale
The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.
Diseconomies of Scale
This occurs when a company grows so large that the costs per unit increase.
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