Answer:
The correct answers are:
C-debit paid-in capital treasury shares $200
D-Debit retained earnings $300
Explanation:
The purchase of treasury stock for $10 per share implies that the price paid per share is the par value of each share.
Upon issue of 100 shares at $12 the following entries are required:
Dr Cash (100*$12) $1,200
Cr Treasury stock(100*$10) $1,000
Cr Paid-in capital in excess of par $200
However upon issue of 500 share at $9 per share which is $1 less than the par value, hence there is $500 discount on the issue.
The discount is recorded as follows:
Dr paid-in capital $200
Dr Retained earnings $300
The $200 posted to paid-in capital is the same premium that posted in there earlier when 100 shares.
Answer: adjective
Explanation:
In the sentence Beth and the sales representative reviewed the product descriptions on the website, we can then infer that the word sales is an adjective.
This is because sales as used in the sentence qualifies the noun representative. Questions such as how many are answered by an adjective.
<span>supervisory
The supervisor is a first level management job. This individual is responsible for a small group of people, usually doing the same job or very similar jobs. Typically the supervisor has significant experience doing the work of the individuals they supervise. The supervisor usually handles work assignments, timekeeping and problem-solving.</span>
Answer:
31.25 baht/$1
Explanation:
It is obvious that the dollar is a stronger currency among the two currencies, hence, in order to determine the amount of baht that one dollar would exchange for, we need to divide the price of bowl of pho in the weaker currency by the amount of the same bowl of pho in the stronger currency as shown by the formula below:
baht/$=price of bowl of pho in baht/price of bowl of pho in $
price of bowl of pho in baht=250 baht
price of bowl of pho in $=$8
baht/$=250 baht/$8
baht/$ exchange rate=31.25 baht/$1
Answer:
a. Particulars Amount
Sales $740,000
Less: Variable cost of goods sold <u>$355,200</u>
Manufacturing margin <u>$384,800</u>
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b.Particulars Amount
Manufacturing margin $384,800
Less: Variable selling and administrative expenses <u>$81,400</u>
Contribution margin <u>$303,400</u>
c. Particulars Amount
Contribution margin $303,400
Less: Fixed costs <u>$162,800</u> ($118,400+$44,400)
Income from operations <u>$140,600</u>
