Answer: A. Both treasury stock and paid in capital from treasury stock
Explanation:
When using the cost method, the stock is recorded at cost which means that the stock repurchased (Treasury Stock) is recorded at cost of buying it. If it is sold for a higher amount than it was bought for, the amount it was bought for will be credited from the Treasury account.
The remaining amount will be credited to the Additional Paid-In Capital account which is used to record variations between the amount equity was bought for versus the amount it was sold for.
Had the repurchased stock been sold for less, the Additional Paid In Capital Account would have been debited.
Argyll Realty practices Nonexclusive single agency
<h3>
What is a Non-exclusive single agency?</h3>
A Non-exclusive Buyer Agency Agreement allows you to hire more than one Realtor to find you a home; however, you must notify each agent with whom you work that another agent is involved, as well as whether they have shown you specific homes.
A non-exclusive agreement allows the buyer to work with other agents. An exclusive agreement means that the buyer will only work with that real estate agent.
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Answer:
The manufacturing overhead applied to work in process is:
D. $79,000
Explanation:
a) Data and Calculations:
Beginning work in process inventory 30,000
Direct materials used in production 50,000
Direct labor 60,000
Total manufacturing costs to account for 219,000
Manufacturing overhead applied to WIP 79,000 (219,000 - 140,000)
Ending work in process inventory 72,000
b) The manufacturing overhead applied to Work in Process is the difference between the total manufacturing costs to account for and the costs of beginning work in process, direct materials, and direct labor for the period. When the ending work in process is deducted from the total manufacturing costs, the resulting figure represents the cost of goods transferred to finished goods inventory.
Answer:
Price=D(1+g)/r-g
Dividend= $10
g=3%
risk premium=4%
Price=$412
Solution:
In order to find the r=cost of equity we undertake the following steps
Price=D(1+g)/r-g
412=10(1+0.03)/r-0.03
r-0.03=10.3/412
r-0.03=0.025
r=0.025+0.03
r=0.055 or 5.5%
risk premium=(market risk -risk free rate)
0.04=(0.055 - risk free rate)
risk free rate =0.015 or 1.5%
as we double the risk premium rate from 4% to 8%
then
market risk will be
risk premium= market risk - risk free rate (unchanged)
8%=market risk - 1.5%
market risk = 9.5%
Using dividend discount model
Price=D(1+g)/r-g
price =10(1+0.03)/0.095-0.03
Price= $158
Answer:
2022 2021 Change % Change
Net sales 624,100 523,300 100,800 19.23%
Cost of goods sold 462,100 405,800 56,300 13.87%
Gross profit 162,000 117,500 44,500 37.87%
Operating exp. 72,300 44,300 28,000 63.21%
Net Income 89,700 73,200 16,500 22.54%
Since we are using the 2021 income statement as base year, any change will be calculated by dividing the total change by the 2021 amount, and then multiply by 100 to get the %.
