Answer:
Item Assets Liabilities Stockholders’ Paid-in Retained Net
Equity Capital Earnings Income
1. Increase No effect Increase No effect Increase Increase
2. No effect Increase Decrease No effect Decrease No effect
3. No effect No effect No effect No effect No effect No effect
4. No effect No effect No effect No effect No effect No effect
5. Decrease No effect Decrease No effect Decrease Decrease
6. Decrease Decrease No effect No effect No effect No effect
7. No effect Increase Decrease No effect Decrease Decrease
8. No effect No effect No effect Decrease Decrease No effect
9. No effect No effect No effect No effect No effect No effect
Answer:
WIP-Assembly 20,000 debit
WIP- FInishing 30,000 debit
Manufacturing Overehad 50,000 credit
--to record applied overhead per department--
FInished Goods 40,000 debit
WIP- Finishing 40,000 credit
--to record transferred-out units to finished goods--
Explanation:
To allocate the manufacturing overhead we will credit the overhead account (origin of the cost) and debit the WIP of each department (destination of the cost)
For the Transferred-out we credit the WIP-finishing (origin) for the amount finished and debit the finished goods inventory (destination)
A proportional tax, because it is a percentage of a total paycheck
Answer:
Explanation:
Okay then.
Let's break it down.
We have $4,400,000 in Total Stockholder Equity.
Common Stock account of $1,200,000 of $10 par value common stock.
That means that there are,
= 1,200,000/10
= 120,000 Common Stock Shares outstanding.
Out of that total stockholders' equity of $4,400,000 we need to find out how much is for Common Stock Holders alone.
That means we need to subtract that of Preferred Stock.
= 4,400,000 - 200,000
= $4,200,000 is the amount of Stockholder Equity that is for Common Stock Holders.
We can then divide it by the total number of Common Stock to find out the book value per share.
= 4,200,000/120,000
= $36.6666667
= $36.67
$36.67 is the book value per share of Common Stock as of end of the FY 2018.
Answer:
D. a combination of two goods that can be produced using limited resources is the correct answer.
Explanation: