Sunland company had two issues of securities outstanding: common stock and an 9% convertible bond issue in the face amount of $1535. interest payment dates of the bond issue are june 30th and december 31st. the conversion clause in the bond indenture entitles the bondholders to receive forty shares of $20 par value common stock in exchange for each $1000 bond. on june 30, 2018, the holders of $2302500 face value bonds exercised the conversion privilege. the market price of the bonds on that date was $1200 per bond and the market price of the common stock was $35. the total unamortized bond discount at the date of conversion was $98. in applying the book value method, what amount should sunland credit to the account "paid-in capital in excess of par," as a result of this conversion?

Abc computer company has a $20 million factory in silicon valley in which in builds computer components. during the current year, abc's costs are labor (wages) of $1.01.0 million; interest on debt of $0.20.2 million; and taxes of $0.20.2 million. abc sells all its output to xyz supercomputer for $2.62.6 million. using abc's components, xyz builds four supercomputers at a cost of $0.8500.850 million each, which comes from $0.6500.650 million worth of components, $0.10.1 million in labor costs, and $0.10.1 million in taxes per computer. xyz has a $30 million factory. xyz sells three of the supercomputers to other businesses for $1.81.8 million each. at year's end, it had not sold the fourth. the unsold computer is carried on xyz's books as a $0.8500.850 million increase in inventory.

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Why is efficiency an important economic goal?