Answer: E) debit Contributed Capital, Treasury Stock, $1,800
Explanation:
Treasury stock was bought at price of;
= 22,000/1,000
= $22
Sold 600 for $25 so they made a profit of;
= (25 - 22) * 600
= $1,800
This gain was sent to Contributed Capital, Treasury Stock.
Now that stock is to be sold on March 1, it is sold at $15. Loss from initial purchase is;
= ( 22 - 15) * 400
= $2,800
Debit Contributed Capital, Treasury Stock of the maximum amount it can be debited of to reflect this loss which would be $1,800 which was gained in the February purchase. The rest of the loss will go to Retained earnings.
Answer:
Buy Camera 2.
Explanation:
PACED, decision making process is used to make decisions when alternative options are available. In the given case Melissa has two option either to buy camera 1 or camera 2.
The steps for PACED decision making process are :
1. Define the Problem
2. List Alternatives
3. Identify Criteria
4. Evaluate Alternatives
5. Make a Decision
1. To buy Camera 1 or Camera 2
2. Camera 1 or Camera 2
3. Which ever camera has more features will be selected
4. Camera 2 has better features than camera 1
5. Buy Camera 2.
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Remember, the fastest way to get your refund is to e-file and choose direct deposit.
Answer:
D. continuous review system
Explanation:
In the context of manufacturing it seems that the system being described would be a continuous review system. Like mentioned in the question this is a system that automatically adjusts the stock level in real time when a product moves in or out of stock, and automatically triggers an order for more stock as soon as the stock level hits a low quantity point is hit.
