Answer:
b) Debit Cash $7,000; credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value, Common Stock $1,000.
Explanation:
When shares are issued and paid for, the entries required are debit to cash account and a credit to common stock. However, when the amount received is higher than the par value of the stock issued, the excess received is recorded as a share premium or Paid-in Capital in Excess of Par Value.
As such, where the par value is $100 and 60 shares were issued, value of common stock issued
= $100 * 60
= $6,000
Paid-in Capital in Excess of Par Value = $7,000 - $6,000
= $1,000
Answer:
B) As volume increases variable cost per unit increases.
Explanation:
As the volume of production and output increases, variable costs will also increase because the variable cost of production is a constant amount per unit produced. Alternatively , when fewer products are produced, the variable costs connected with production will as a result decrease
Variable costs example include direct Labour and material costs
So if the company decides to increase its output (production of product) from example 50 units to 100 units, then more materials and direct Labour are needed
Answer: D
By the way, option C is equal to option B because there's no new information in C
Explanation:
This is business. Looking at the agitation of the Dentists and the Dental board, you can see that if the dentists didn't speak up they would have less number of patients or clients once the other business start offering teeth whitening services to people.
Dentists are medical practitioners, yes, but they earn from treating people with teeth problems or issues.
Statement D hence portrays the mindset of the dentists and the dental board
China and the us i belive
Answer:
Let Blueberry lemon smoothies A
Let Orange swirl smoothies = B C
Let Triple berry smoothies = C
Gordon’s Smoothie Stand
Allocation of joint costs
A B C Total
Number of cups produced A 21.75 29.00 36.25
Weight B 2.00 1.00 2.00
Weighted Number of cups produced C=A*B 43.50 29.00 72.50 145.00
Cost per batch D 43.00
Cost/Weighted Number of cups produced E=D/C 0.30
Cost allocated to each product F=C*E 12.90 8.60 21.50 43.00
