Answer and Explanation:
The journal entries are shown below:
1.
On Jan.10
Cash (26,300 shares × $4) $105,200
To Common stock $105,200
(Being the issuance of the common stock for cash is recorded)
On July 1
Cash (56,500 shares × $7) $395,500
To Common stock (56,500 shares × $4) $226,000
To Paid-in Capital in Excess of Par Value $169,500
(Being the issuance of the common stock for cash is recorded)
2.
On Jan.10
Cash (26,300 shares × $4) $105,200
To Common stock (26,300 shares × $1) $26,300
To Paid-in Capital in Excess of Stated Value $78,900
(Being the issuance of the common stock for cash is recorded)
On July 1
Cash (56,500 shares × $7) $395,500
To Common stock (56,500 shares × $1) $56,500
To Paid-in Capital in Excess of Stated Value $339,000
(Being the issuance of the common stock for cash is recorded)
A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously compounded interest rate of 5%. Additionally, assume that the stock index does not pay any dividends. Which one of the following statements reflects a potential arbitrage strategy:
I. Long the forward contract, short the stock index, and lend at the risk-free rate
II. Short the stock index and lend at the risk-free rate, while entering in a forward contract agree- ment to purchase the asset in three months for $1000.
(a) I alone
(b) II alone
(c) I and II
(d) None of the above
Answer:
d
Explanation:
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Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,800 (that had cost $6,503) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $6,000 (that had cost $3,888) and accepted the customer's Continental Card. Continental charges a 2.5% fee. Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)
Answer:
Levine Company
Journal Entries
April 8:
Debit Cash Account $8,448
Debit Finance Charge Expense $352
Credit Sales Revenue $8,800
To record the sale of goods.
Debit Cost of Goods Sold $6,503
Credit Inventory $6,503
To record the cost of goods sold.
April 12:
Debit Cash Account $5,850
Debit Finance Charge Expense $150
Credit Sales Revenue $6,000
To record the sale of goods.
Debit Cost of Goods Sold $3,888
Credit Inventory $3,888
To record the cost of goods sold.
Explanation:
a) Data and Calculations:
April 8 Sales Revenue = $8,800
Finance charges = 4% of $8,800 = $352
Cost of goods sold = $6,503
April 12 Sales Revenue = $6,000
Finance charges = 2.5% of $6,000 = $150
Cost of goods sold = $3,888
how do i give brainlyest
Answer:
when you ask a question and you get one answer you cant give someone brainliest until another person answers and after two people answer you chose which one is the best by clicking the little crown in the upper right corner of their answers
Explanation:
How can lessening utility bills reduce inflation?
Answer:
Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. Thus, lessening utility bills will reduce.
Explanation:
Which of the following decisions is part of the HR function of compensation?
A. What responsibilities should be part of an office worker's job
B. How to make sure office workers are treated ethically
C. Which employees will do the best work in the fastest time
D. Whether to pay office workers a wage or a salary
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.
Answer:
Yes, the one above me is correct, it's:
D. Whether to pay office workers a wage or salary.
Explanation:
15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $21.39 for each of the 7.75 million shares sold. The initial offering price was $23 per share, and the stock rose to $26.30 per share in the first few minutes of trading. Wiley paid $1,350,000 in legal and other direct costs and $210,000 in indirect costs. What was the flotation cost as a percentage of funds raised
Answer:
23.16%
Explanation:
net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500
total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000
flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%
Kieso Company borrowed $630,000 for five months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $630,000 one month prior to the end of its last fiscal year and paid the $630,000 plus interest back four months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year
Answer and Explanation:
The computation of the interest expense is shown below'
The following formula should be used:
= borrowed amount × rate of months × number of months ÷ total number of months
End of last year is
= $630,000 × 9% × 1 ÷ 12
= $4,725
And,
Current fiscal year is
= $630,000 × 9% × 4 ÷ 12
= $18,900
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,000 Cost of goods manufactured 1,030,300 Finished goods inventory, ending 190,900 Finished goods inventory, beginning 0 Manufacturing overhead 100,100 Work in process inventory, beginning 0 Work in process inventory, ending 130,000 What are the total manufacturing costs to account for
Answer:
$1,160,300
Explanation:
Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.
Calculation of total manufacturing costs :
Cost of goods manufactured 1,030,300
Add Closing Work In Process 130,000
Less Beginning Work In Process 0
Total manufacturing costs $1,160,300
Which case below best represents a case of price discrimination? A. A professional baseball team pays two players with different batting averages different salaries. B. A major airline sells tickets to senior citizens at lower prices than to other passengers. C. An insurance company offers discounts to safe drivers. D. A utility company charges less for electricity used during "off-peak" hours, when it does not have to operate its less-efficient generating plants.
Answer:
B. A major airline sells tickets to senior citizens at lower prices than to other passengers.
Explanation:
The pricing strategy refers to a strategy where the company charges the different prices for the similar products to the customers
In the case of the pure price discrimination, the seller would charge the price i.e. maximum he or she would have to pay also it is depend upon the specific characteristics and the amount charged to each and every group through a different price
Therefore the option B is correct
What can older aduts do to achieve high status in society?
O Take a class at local community college
O Engage in useful occupations or vocations
O Learn a new skill or hobby such as Cooking
O Participate in leisure activities such as golf or travel
Answer:
engage in useful occupations or vocations
The following information is available for Windsor Corporation for the year ended December 31, 2022.
Beginning cash balance $40,000
Accounts payable decrease 3,300
Depreciation expense 82,000
Accounts receivable increase 9,200
Inventory increase 12,300
Net income 337,500
Cash received for sale of land at book value 40,000
Sales revenue 740,500
Cash dividends paid 10,100
Income tax payable increase 4,900
Cash used to purchase building 149,500
Cash used to purchase treasury stock 37,000
Cash received from issuing bonds 225,000
Answer:
Windsor Corporation Statement of Cashflows For
Year Ended December 31, 2022
Cashflow from Operating Activities:
Net Income $337,500
Adjustments to reconcile net income to
Net Cashflow from Operating Activities:
Add: Depreciation 82,000
Less: Accounts Payable decrease (3,300)
Accounts Receivable increase (9,200)
Inventory increase (12,300)
Add: Income tax payable increase 4,900
$62,100
Net cashflow: Operating Activities $399,600
Cashflow from Investing activities:
Add: Sale of Land 40,000
Less: Purchase of Building (149,500)
Net cashflow: Investing activities ($109,500)
Cashflow from Financing activities:
Less: Cash dividends paid (10,100)
Purchase of treasury stock (37,000)
Add : Bond issuance 225,000
Net cashflow: Financing activities $177,900
Total Cashflow increase (decrease) $468,000
Beginning Cash balance $40,000
Ending Cash balance $508,000
The short-run economic outcome resulting from the increase in production costs is known as . Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the severe weather. In the long run, when the government pursues accommodative policy, the output in the economy will be $ billion and the price level will be .
Answer:
The short-run economic outcome resulting from the increase in production costs is known as - Stagflation
Stagflation is a situation in which there is high inflation and high unemployment. In Stagflation, aggregate demand is constricted due to the high costs of goods and services because of an increase in firms' production costs.
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the severe weather. In the long run, when the government pursues accommodative policy, the output in the economy will be $ billion and the price level will be .
If the government pursues an accommodative policy, also known as an expansionary policy, both the output of the economy and the price level will increase in comparison to the previous numbers.
However, hopefully the level of output will increase proportionally more than the price level, because otherwise, the economic growth will be accompanied by high inflation, leading to an overheated and dysfunctional economy.
A bank's actual reserve ratio is the percentage of total deposits a bank actually holds on to. It is made up of the percentage they are required to hold on to, known as the required reserve ratio, plus any extra they choose to hold on to. Suppose Dave's bank has an actual reserve ratio of 12%, and his bank makes a loan to Darlene based on the funds from Dave's deposit. How much does the money supply increase as a result of this second step
Answer:
The increase in the money supply will be "833333.33".
Explanation:
The real reserve ratio of either a lender seems to be the proportion of overall reserves another bank currently occupies onto another. It consists of the proportion they become required to secure forward with, referred to that as the reserve requirement expected, including whatever extra those who happen to retain onto this.According to the question,
The multiplier will be:
⇒ [tex]\frac{1}{RRR}[/tex]
⇒ [tex]\frac{100}{12}[/tex]
⇒ [tex]\frac{25}{3}[/tex]
So the increase will be:
⇒ [tex]100000\times \frac{25}{3}[/tex]
⇒ [tex]833333.33[/tex]
1.How we can measure uncertainty in the environment? Define it with the help of relevant grid. Also provide at least one example of an organization for each quadrant of the grid. Mention the examples in the grid below in their respective cells.
Answer:
Ujhvfhibsbsjsneudnddjideh
The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Lucy and Ethel) are entitled to the trust's annual accounting income in shares of one-half each.
For the current tax year, Allwardt reports the following.
Ordinary income $100,000
Long-term capital gains 30,000
Trustee commission expense, allocable to corpus 5,000
The trust instrument allocates the capital gain to income.
a. Each beneficiary is entitled to receive income of $_________ .
b. The trust's DNI is $_______ .
c. The trust's Selecttaxable incomelossCorrect 1 of Item 3 is $__________ .
d. Each of the beneficiaries can report _____________ of gross income.
Answer:
a. Each beneficiary will receive;
= Ordinary income / 2
= 100,000/2
= $50,000
b. Trust's DNI is;
= Accounting income + exemption - long term capital gains
= (Ordinary income + long term gain - commission - personal exemption) + exemption - long term capital gains
= (100,000 + 30,000 - 5,000 - 300) + 300 - 30,000
= $95,000
c. Taxable income = Long term gain - exemption
= 30,000 - 300
= $29,700
d. Each beneficiary can report;
= DNI/ 2
= 95,000/2
= $47,500
Harvey rents his second home. During the year, Harvey reported a net loss of $45,000 from the rental. If Harvey is an active participant in the rental and his AGI is $80,800, how much of the loss can he deduct against ordinary income for the year
Answer:
$25,000
Explanation:
Based on the information given we were told that a net loss of the amount of $45,000 from the rental was reported which means that if his is an active participant in the rental and his Adjusted gross income (AGI) was the amount of $80,800 the amount of loss that he can deduct against ordinary income for the year will be $25,000 reason been that his Adjusted gross income (AGI) is less than $100,000 and secondly the standard maximum rental amount that will be deducted for Adjusted gross income (AGI) than is less than $100,000 is $25,000.
Financial well-being refers to a person that (check all that apply) *
Weather, Inc., a domestic corporation, operates in both Fredonia and the United States. This year, the business generated taxable income of $600,000 from foreign sources and $900,000 from U.S. sources. All of Weather’s foreign- source income is in the general limitation basket. Weather’s total taxable income is $1.5 million. Weather pays Fredonia taxes of $228,000. What is Weather’s FTC for the tax year? Assume a 34% U.S. income tax rate.
Answer:
$204,000
Explanation:
FTC for the tax year = US Tax liability*(Foreign taxable income/Worldwide taxable income)
FTC for the tax year = ($1,500,000*34%)*($600,000/$1,500,000)
FTC for the tax year = $510,000*0.4
FTC for the tax year = $204,000
So, Weather Inc's FTC for the tax year is $204,000
what is the fullform of MAN
Answer:
hope help to u
Explanation:
Metropolitian Area Network
Answer:
metropolitian area network
If you restate a quote in your own words but do not cite your source you can be rightfully accused of
Answer:
correct, you could be accused of plagerism
Describe three investments
Answer: Stocks, real estate, and precious metals are all ownership investments. The buyer hopes that they will increase in value over time. Lending money is an investment. Bonds and even savings accounts are loans that earn interest over time for the investor.
Explanation:
Your supermarket is trying to determine how many meatloaf dinners should be produced on Monday. The Monday demand for meatloaf dinners is normally distributed with a mean of 100 and a standard deviation of 20. The cost of producing a meatloaf dinner is $2.00, and the dinner sells for $7.00. It costs $0.60 at the end of the day to dispose of each unsold dinner. If the only possible production quantities are 100, 110, 120, and 130, what production quantity would you recommend
Answer:
The recommended production quantity is that which maximizes profit.
Quantity 130
Explanation:
Quantity to produce is the problem here. Remember that this is one of the fundamental questions in the discipline of Economics.
- What to produce? - For whom to produce?
- How to produce? - In what quantity?
Possible Production Quantities:
100, 110, 120, and 130
Mean Demand = 100
Standard Deviation = 20
Lowest possible demand = 100 - 20 = 80units
Highest possible demand = 100 + 20 = 120units
* Solve, using the mean demand for each quantity level. Assume also that on every Monday, the minimum possible quantity is what is purchased. That's the safest assumption anyway.
FOR QUANTITY 100,
Revenue = 7×100 = $700 Direct cost = 2×100 = $200
Indirect cost = 0.6×20 = $12 Total cost = 200 + 12 = $212
PROFIT = 700 - 212 = $488
FOR QUANTITY 110,
Revenue = 7×110 = $770 Direct cost = 2×110 = $220
Indirect cost = 0.6×30 = $18 Total cost = 220 + 18 = $238
PROFIT = 770 - 238 = $532
FOR QUANTITY 120,
Revenue = 7×120 = $840 Direct cost = 2×120 = $240
Indirect cost = 0.6×40 = $24 Total cost = $264
PROFIT = 840 - 264 = $576
FOR QUANTITY 130,
Revenue = 7×130 = $910 Direct cost = 2×130 = $260
Indirect cost = 0.6×50 = $30 Total cost = $290
PROFIT = 910 - 290 = $620
Remember, the base assumption is that only the minimum quantity of 80units is bought each Monday. This is the only way to account for wastage; which costs 0.6 dollar per unit. So, the more the quantity produced, the greater the likelihood of wastage.
2. Some companies have eliminated the collection and reporting of detailed analysis on direct labor costs broken down by various activities. Instead, first-line supervisors are responsible for controlling the total costs of direct labor. The justification for this argument is that labor costs represent only a small fraction of the total costs of producing a product and are not worth the time and effort to trace to individual activities. Do you agree or disagree with this argument
Answer:
The description would be presented downwards and as per the circumstance presented.
Explanation:
Instead of assigning resources associated with a specific frequency, activity based costs which always track costs on the basis seem to be an essential component of cost accounting because that would be a more effective means for providing resources. The costs when implementing some activity based accounting systems, furthermore, are even less than the potential advantages of moving towards this framework only then would it have been simpler as well as productive for the growing company ABC.Throughout the case situation, the claim whether direct labor constitutes a member of a minority fraction of the overall wages should not be an excellent explanation for either not apportioning production wages contingent on the operation, but if the organization determines that the expense of someone using ABC to assign labor profitability of different practices is greater than advantages, the organization increasing turn to something like an optimization model for that frequency.The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Debit to Factory Overhead
Credit to Factory Overhead
Debit to Factory Utilities Payable
Credit to Factory Utilities Payable
Credit to Raw Materials
Credit to Factory Wages Payable
Answer:
Debit to Factory Overhead
Credit to Factory Utilities Payable
Explanation:
The journal entry to record the use of utilities in a factory is as follows:
Factory overhead Dr XXXXX
To Factory utilities payable XXXXX
(Being the utilities usage is recorded)
Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities
So, the above represent the answer
There are 5,000 shares of $50 par value preferred stock outstanding l, and 25,000 shares of common stock outstanding. Preferred stock has an 8 percent guaranteed rate return. Dividends are declared of $1.25 per share of common stock, together with the guaranteed rate for preferred stock
Answer:
common shares: $31,250
preferred stocks: $20,000
Explanation:
There are 5000 outstanding preferred stocks with a par value of $50
The common shares are 25,000
Divided for preferred stock are at 8%
the actual dividends will be
=(8/100 x $50) x 5000
=$4 x 5000
=$20,000
Dividends for common shares are at $1.25 per share.
Total dividends = $1.25 x 25,000
=$31,250
Answer:
the answer above me is correct
Explanation:
i got it right
who Is the most county plz tell it location?
Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $25,170 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,900 of goods sold to Alvarez Company for $30,030, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Novak report as its December 31 inventory
Answer: $237070
Explanation:
The amount that Novak should report as its December 31 inventory will be:
Inventory in hand = $190,000
Add: Goods bought from Pelzer Corporation = $25,170
Add: Cost of goods sold to Alvarez Company = $21900
Total = $237070
The amount that Novak should report as its December 31 inventory will be $237070
Present owners of a network good receivegreater benefits as new buyers purchase the good. How do network externalities help a monopoly retain its market power? By exploiting network externalities, a firm can become a natural monopoly. If there are strong network externalities associated with a good, other goods are poor substitutes for it. Goods with network externalities are more likely to receive a government patent.
Answer:
How network externalities help a monopoly retain its market power:
By exploiting network externalities, a firm can become a natural monopoly.
Explanation:
In economics, Network externality describes a situation whereby the demand for a product depends on the demand of other consumers buying that product. This implies that the value of the product to the consumer is increased because others are joining as buyers. The present owners of a network product will actually gain more benefits as new buyers purchase the good because the fixed costs of rendering the service or providing the good are not increased with increasing buyers, but remain the same over a relevant range.
Identify the like terms.
7y + 5x - 9 + 2y - 12x
Combine like terms.
9k - 2 + 3k
Vocabulary:
Expression, equation, like terms, combine, variable, coefficient, constant.
Mini Lesson:
Model Examples:
Simplify the expression.
5xy - 2xy + 5k - 3 + 8k + 9
Simplify the expression.
2 ( x - 5 ) - 3y + 6x
Each person in a group buys a ticket, a medium drink, and a large popcorn. Write an expression in simplest form that represents the amount of money the group spends at the movie.
Independent Practice:
Mild:
Identify the like terms.
6xy + 6y - 5xy + 3
Simplify the expression:
7z - 5 + 6z
Simplify the expression:
6x2 + 3x + 2x2 + 7x + 2
Medium: Simplify the expression.
6 ( 2y - 5 ) + 2y
5x2y + 12x + 6x2y + 15 + 2k
Spicy:
Write an expression in simplest form that represents the earnings for washing and waxing x cars and y trucks.
You apply gold foil to a piece of red poster to make the design shown.
Write an expression in simplest form that represents the area of the gold foil.
Find the area of the gold foil when x = 3.
Answer:
Explanation:
7
+
5
−
9
+
2
−
1
2
7y+5x-9+2y-12x
7y+5x−9+2y−12x
Simplify
1
Combine like terms
7
+
5
−
9
+
2
−
1
2
{\color{#c92786}{7y}}+5x-9+{\color{#c92786}{2y}}-12x
7y+5x−9+2y−12x
9
+
5
−
9
−
1
2
{\color{#c92786}{9y}}+5x-9-12x
9y+5x−9−12x
2
Combine like terms
3
Rearrange terms
Solution
−
7
+
9
−
9
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
Answer: $516
Explanation:
Net Present value is the present value of inflows less present value of outflows.
The project has annual inflows of $54,000 except in 4th year where it will have inflows of $65,000 because the salvage value will be added to the inflows.
Present value of inflows = 54,000/1.12 + 54,000/1.12² + 54,000/1.12³ + 65,000/1.12⁴
= $160,516
Net Present Value = 160,516 - 160,000
= $516