Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Answer:
The value of the firm is $1,773,333
Explanation:
<u>Calculation of Value of each share</u>
Amount borrowed (A) $245,000
No. of shares repurchased (B) <u> 21,000 </u>
Value for each share (C) <u> $11.67 </u>
<u></u>
No. of shares outstanding after repurchase(A) 131,000
(152,000 - 21,000)
Value for each share(B) <u> $11.67 </u>
Equity value after repurchase(A*B) $1,528,333
Add: Amount borrowed <u> $245,000</u>
Firm value after this transaction <u> $1,773,333</u>
Answer: $155,520
Explanation:
Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost
Interest Cost
= Interest rate * Projected benefit obligation
= 0.09 * 728,000
= $65,520
Pension Expense = 110,000 - 30,000 + 10,000 + 65,520
= $155,520
Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
Answer:
a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500
Explanation:
When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:
(Dr) Cash, $27,000
(Cr) Unearned Rent Revenue, $27,000
With the passing of each month, the company <em>earns</em> one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:
(Dr) Unearned Rent Revenue, $4,500
(Cr) Rent Revenue, $4,500