1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
8

In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, payi

ng cash of $ 9 per share. On January ​30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.
Business
1 answer:
photoshop1234 [79]3 years ago
3 0

Answer:

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

              cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000

You might be interested in
Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,400,000, with an addit
Travka [436]

Answer: $3,570,000

• assets installation, shipping and installation costs.

Explanation:

The The total cost of Alexander's new equipment will be calculated thus:

= $3,400,000 + $170,000

= $3,570,000

The coat of the new equipment consist of (assets installation, shipping and installation costs).

3 0
3 years ago
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y
Mandarinka [93]

Answer:

payback 5 years

if the ltaer years cash flow increases several times, it would not affect the payback date. This is a disavantage of this method, it is focus on recover the investment without considering the total cash flow of the project.

Explanation:

Payback = the time in the life of a project on which the initial ivnestment is recover.

       -31,000 Balance

Year 1  2,000 -  29,000

Year 2 0          - 29,000

Year 3 8,000  -  21,000

Year 4 9,000  -  12,000

Year 5 12,000              0

At year 5 the proejct achieve payback

5 0
3 years ago
Mr.​ Beautiful, an organization that sells weight training​sets, has an ordering cost of ​$45 for the​ BB-1 set​ (BB-1 stands fo
andrew-mc [135]

Answer:

839.216

Explanation:

For we to calculate the total cost, we use the following

Total Cost = Carrying Cost + Stock out Cost

= 0+ $45 x 4 x [.2(100-80)+.2(120-80)+.1(140-80)] = 1368*

Now

Total Cost = Carrying Cost + stock out Cost

Total cost= [10 x 20]+40 x 4 x [.2990-50-20)+.1(110-50-20)]

Total cost = 200-1115.216+4

Total cost = 839.216

8 0
3 years ago
The combination of debt financing and equity financing that maximizes a firm's value is known as its:
ohaa [14]

Answer:

optimal capital structure

Explanation:

optimal capital structure can be regarded as a combination of

of debt and equity financing which brings about maximization of amarket value in a firm. It should be noted that optimal capital structure is the combination of debt financing and equity financing that maximizes a firm's value.

5 0
3 years ago
Which statement best describes the effects of low and high interest rates on the economy? Low interest rates encourage consumers
kirill115 [55]

The correct answer is A. Low interest rate encourage consumers to borrow and spend, while high interest rates encourage saving.

Interest rate is termed as the rate which a bank charges to its borrowers.

Nationally a good interest rat for a loan is 3.7%.

Recession and inflation are some effects of interest rate. We get to hear the federal funds rates if the interest rate falls or rises.

If the interest rate becomes high people will start to spend less to avoid the high cost.

6 0
3 years ago
Read 2 more answers
Other questions:
  • On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J
    13·1 answer
  • The evms term that represents the value of work actually accomplished is:
    13·1 answer
  • If you were Lilly’s CEO, what would you do ?
    11·1 answer
  • In fund A, $100,000 accumulates at an annual nominal rate of interest j compounded semiannually to $130,666.52 in 4 years. In fu
    15·1 answer
  • Notamos que, por vezes, os preços dos itens nos supermercados variam em algumas casas de centavos. Contudo, devido à proximidade
    8·1 answer
  • If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed
    11·1 answer
  • Costs from Beginning Inventory Costs from Current Period
    9·1 answer
  • Juno Co. purchased a machine for $10,000 and estimates it will use the machine for three years with a $2,000 salvage value. It e
    11·1 answer
  • How much do actors make in a year?
    13·2 answers
  • g which type of stocks will likely have the most price movement? stocks with very consistent earnings stocks with frequent chang
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!