Answer:
The journal entries alongwith its explanation are as under:
Explanation:
Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:
Dr Treasury Stock (1800 share*$8 per share) $14,400
Cr Cash $14,400
Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:
Dr Cash (1200*9) $10,800
Cr Treasury stock (1200*8) $9,600
Cr Paid in capital from sale of treasury stock $1,200
Answer:
$2,600
Explanation:
Calculation of the value of the company's inventory at the lower of cost or market.
Current FIFO inventory ×Net realizable value
Where,
Current FIFO inventory= 200 units
Net realizable value $13 per unit
Therefore,
200 units *$13 per unit = $2,600.
Lower cost of market can be said to mean that the inventory cost at either the purchase cost or replacement value .
Bases on the information given in the question, replacement cost is lower or lesser than the purchase cost which is why the inventory units are been cost at the replacement value of $13 each.
Answer:
D
The throughput time of the system is 35
Explanation:
When we talk of the throughput time of a system, we are referring to the total time utilized from the start of the job to the end
So to calculate the throughput time of this system, we simply need to add all the hours of work together (proceeds time)
That would be; 5 + 9 + 4 + 9 + 8 = 35
Cognitive evaluation theory would question the use of money as a motivator because external motivational tools may lower intrinsic motivation because people will start working to get the reward, NOT because they are intrinsically motivated or challenged.
