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2 years ago

Suppose that a store sells candy bars for $0.89 for one and $1.50 for two. The marginal cost of the second candy bar is:

Business

1 answer:

hoa [83]2 years ago

4 0

The marginal cost of the second candy bar is:$0.61.

<h3>Marginal cost</h3>

Using this formula

Marginal cost=Selling price for two-Selling price for one

Where:

Selling price for one=$0.89

Selling price for two=$1.50

Let plug in the formula

Marginal cost=$1.50-$0.89

Marginal cost=$0.61

Inconclusion the marginal cost of the second candy bar is:$0.61.

Learn more about marginal cost here:brainly.com/question/16615264

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Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10

gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

Particulars Amount ($)

Opening balance 400,000

Income for the year 408,000

Dividend Paid (220,000 + 240,000) (460,000)

Loss on sale of treasury stock (1,875)

Ending balance  346,125 

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

Particulars Amount ($)

Common stock issued ($20 * 60,000) 1,200,000

Paid-in capital in excess of par v - c. stock 70,000

Total contributed Capital 1,270,000

Retained Earnings 346,125

Total Stockholder's Equity  1,616,125 

Download xlsx

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4 years ago

When managers and employees within the same department are brought together in cross-functional teams to solve particular proble

katen-ka-za [31]

Yes. This is a team-based design since managers and employees are being grouped into teams in order to solve certain problems. They help hand in hand in coming up to a solution. Hope this answers the question. Have a nice day.

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4 years ago

Laura wants to know more about the organization to which she has applied. What can she do to know more about the organization’s

Nezavi [6.7K]

Answer:

The correct answer would be option B, Get information about the benefits they provide to their employees.

Explanation:

When a person applies for a post in an organization, it is better for him to have some useful knowledge about the working and atmosphere of the organization, so that he will be able to answer the questions according to the level of organizational environment. So the best way to have some information about the company is to get information about the benefits they provide to their employees. This will give you an insight into the fact that how they value their employees and how they treat them. For example, if you come to know that they provide medical facilities, over time allowance, day care service for the working moms, provide residence for employees hired from other cities, etc, then you will have an idea that they treat their employees well and there would be a calm and family like atmosphere when you will go to give interview. Other options are the ones which won't be so much helpful in knowing the organizational culture and won't give enough information about the company.

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4 years ago

Kim has just graduated from law school. She had taken an education loan of $45,000, which now needs to be repaid in equal monthl

boyakko [2]

Answer:

Monthly installment is $724.72

Explanation:

Given:

Amount of loan (PV) = $45,000

Time period (nper) = 6 years or 6×12 = 72 months

Since amount need to be repaid in equal monthly installment

Annual interest = 5% or 0.05

Monthly interest (rate) = 0.05 ÷ 12 = 0.0041667

Calculate monthly installment (pmt) using spreadsheet function =pmt(rate,nper,PV)

Monthly installment is $724.72

Pmt is negative as it is a cash outflow.

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3 years ago

Which of the following terms refers to a promise made to lenders by a borrower?

Natali5045456 [20]

Answer:

Covenant.

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A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.

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3 years ago