Answer:
d) None of these
Explanation:
Weighted average rate is the inventory value at the average cost, whatever the price is paid. The total value of the inventory is divided by the total units to calculate weighted average rate. Formula to calculate the weighted average rate is
Weighted average rate = Total Cost of units available for sale / Numbers of unit available for sale
Weighted average rate = $3,000 / ( 10 units + 20 units ) = $3,000 / 30 units = $100 per units
Closing Inventory value = $100 x 12 units = $1,200
Answer:
D- Terminated
Explanation
The original offer is terminated and a new offer is formed.
Answer:
option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
Explanation:
Given data
share = 5000
share value = $5 / common stock
cash = $175000
to find out
find the option which is correct
solution
we know here we have cash value $175000
and
total common stock is = share × share value
total common stock =5000 × 5
total common stock value is $25000
so paid capital in excess = cash - total common stock value
paid capital in excess = 175000 - 25000
paid capital in excess is $150000
so option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
Answer:
Item Amount Effect
A.Notes Payable ($16,600) Decrease
B.Dividends ($1,800) Decrease
C.Machinery $ 21,600 or $ 0 No effect
Explanation:
Indicating the items that has an effect on financing cash flows
Item Amount Effect
A.Notes Payable ($16,600) Decrease
Because the cash are repaid
B.Dividends ($1,800) Decrease
Because the Dividend are been paid out in cash
C.Machinery $ 21,600 or $ 0 No effect
No effect because it is a non cash activity.