Which organization is responsible for monitoring institutional compliance with phs policy?

Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During

dimulka [17.4K]

Answer:

paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

Explanation:

given data

charter authorized = 100,000 shares

common stock = $10 par value

issued = 270 shares

payment = $4,700

solution

we know here that

Paid up value of the stock = $10 per share

and here shares issue to the attorney satisfying the organisation expenses is 270 shares

so common stock = 270 shares × $10

common stock = $2700

so paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

8 0

3 years ago

Average variable cost equalsa. average total cost minus average fixed cost. b. total variable cost divided by the change in outp

posledela

Answer:

a. Average total cost minus average fixed cost.

Explanation:

Total cost of production (TC) can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and total variable cost (V) - which are those cost that vary with the level of production. $TC=F+V$
Average total cost (ATC) is simply the division of total cost by the output produced (Q): $ATC=\frac{TC}{Q} =\frac{F+V}{Q}=\frac{F}{Q}+\frac{V}{Q}$ .
Average variable cost (AVC) is the division of variable cost by the output produced: $AVC=\frac{V}{Q}$ .
Then, average variable cost can be obtained by :

dividing the total variable cost by output (option c) or
subtracting to average total cost the fixed average cost ( $\frac{F}{Q}$ ), (option a).

7 0

3 years ago

Assume the following for a company whose sales are all on account: The total asset turnover is 1.8. The average total assets is

Sauron [17]

The average accounts receivable balance is closest to $120,000.

<h3>What is the average accounts receivable balance?</h3>

The average accounts receivable balance is the addition of beginning and ending accounts receivable divided by two.

For instance, if the average accounts receivable balance is $120,000, then the total accounts receivable is $240,000 ($120,000 x 2).

<h3>Data and Calculations:</h3>

Assets turnover = 1.8

= (Net sales/Average Total Assets)

Average total assets = $600,000

Accounts receivable turnover = 9.00

= (Net Sales/Average Accounts Receivable)

Net sales = $1,080,000 ($600,000 x 1.8)

Average Accounts Receivable = $120,000 ($1,080,000/9)

Thus, the average accounts receivable balance is closest to $120,000.

Learn more about average accounts receivable at brainly.com/question/23821865

7 0

2 years ago

Identify three likely affects of an increasing global population

Rom4ik [11]

Answer:

(1) effects of large families on child development, (2) educational problems, (3) lags in new technology, (4) increased inequities in agriculture, (5) unemployment and underemployment.

Explanation:

you can choose 3 from those.

6 0

3 years ago

Which of the following is the correct order for the preparation of the listed budgets? A) Budgeted income statement, sales budge

konstantin123 [22]

Answer:

The correct option is C,sales budget, direct material purchases budget, budgeted income statement

Explanation:

Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.

When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price per unit.

Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.

Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.

8 0

4 years ago