The materials price variance is calculated using the _____

Dennis sells short 100 shares of ARC stock at $152 per share on January 15, 2020. He buys 200 shares of ARC stock on April 1, 20

makkiz [27]

Answer: See explanation

Explanation:

a. What are the amount and nature of Dennis’s loss upon closing the short sale?

Sales consideration = $100 × $152 = $15200

Less: Closing Value of Short sales = 100 × $190 = $19000

Short term capital loss = $3800

b. When does the holding period for the remaining 100 shares begin?

The holding period for the remaining 100 shares begin on May 2, 2020, which was when the short sale was closed.

c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?

Sales consideration = 100 × $27 = $2700

Less: Base value = $19000

Short term capital loss = $16300

4 0

3 years ago

Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If the bank lends the maximum amount of

Scorpion4ik [409]

Answer:

check able deposits = $500

correct option is C. $500

Explanation:

given data

cash deposit = $100

reserve ratio = 20%

to find out

check able deposits

solution

we will apply here check able deposits formula that is express as

check able deposits = cash deposit + ( deposit cash - ( deposit cash × reserved ratio ) × $\frac{1}{reserve ratio}$ ) ...........................1

put here value we get

check able deposits = $100 + ( $100 - ( $100 × 20% ) × $\frac{1}{0.2}$ )

check able deposits = $500

correct option is C. $500

8 0

3 years ago

Barnes' Brothers has the following data for the year ending 12/31/2015: Net income = $600; Net operating profit after taxes (NOP

qwelly [4]

Answer: $490

Explanation:

Economic value added is the estimate of the economic profit of a firm. The economic value added(EVA) is also gotten when the capital charge for the raise of the firm's capital is deducted from the net profit.

Based on the above information, the economic value added will be:

= Net profit - (Total Operating capital × Weighted average cost of capital)

= $700 - ($2,100×10%)

= $700 - $210

= $490

3 0

3 years ago

When installing a motor control system, list four major factors to consider concerning the power system.

beks73 [17]

Answer:

power source, motor type , motor connection, and environment and controller

Explanation:

when we install motor control system

there are many factor which we consider while installing and they are as

power source that is need for operate machine
motor type that is depend on our work output
motor connection need horse power and service factor etc
environment that is also important for outside of equipment with dust and moisture etc
controller type it is depend upon type of motor and its purpose

so these are some type of factor which we consider while installing

5 0

3 years ago

Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,430; Inventory $14,340; Operating Ex

puteri [66]

Explanation:

The adjusting entry for physical count is shown below:

Cost of goods sold A/c Dr $1,290

To Inventory A/c $1,290

(Being the adjusting entry for physical count is recorded)

The computation is given below:

= Year end balance of inventory account - physical inventory on hand

= $14,340 - $13,050

= $1,290

The closing entries for the following accounts are shown below:

1. Sales Revenue A/c Dr $124,430

To Income Summary $124,430

(Being revenue account closed)

2. Income summary A/c Dr $94,230

To Cost of goods sold $61,720 ($60,430 + $1,290)

To Sales Discounts $1,120

To Operating Expenses $29,560

To Sales Returns and Allowances $1,830

(Being expenses accounts are closed)

3. Income summary A/c Dr $30,200 ($124,430 - $94,230)

To Retained earning $30,200

(Being the difference is credited to retained earning)

5 0

3 years ago

The materials price variance is calculated using the ______ quantity of the input purchased.