On January 1, 2014 Hammer Company Listed the Following Shareholders

question 70

Essay

On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:

During 2014, the following transactions and events occurred and were recorded:
1)Hammer issued 50,000 shares of common stock at $3 per share.
2) Hammer earned net income of $175,900.
3)Hammer paid a cash dividend of $.10 per share of common stock
4) Hammer had an unrealized loss associated with some available-for-sale securities in the amount of $1,450.
Required:
Prepare Hammer's statement of shareholders' equity for 2014.

Interpret the significance of price salience on demand elasticity.

Analyze how total utility is achieved through the consumption of goods and services.

Apply the concept of utility maximization to diverse goods to determine consumer choice.

Solve problems related to optimal consumption bundles under budget constraints.

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Definitions:

Monochronic Culture

Culture in which people do only one important activity at a time.

High-Context

A culture or communication style in which most of the information is either in the physical context or internalized in the person, rather than explicitly stated in the message.

Multitasking

The practice of performing multiple tasks or activities simultaneously.

Power-Distance Index

A measure developed by Geert Hofstede that reflects the degree to which less powerful members of a society accept and expect power to be distributed unequally.