C: They charge extremely high interest rates.
Answer:
That would be a shortage.
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Answer:
The answer is 324,050 shares
Explanation:
Stock dividends adds to the total number of shares outstanding while treasury stock(buy-back) reduces the total number of outstanding shares.
Beta issued a stock dividend of 4percent. Meaning the outstanding shares will increase by 4percent.
1.04 x 320,000 shares
=332,800 shares is the total number of outstanding shares before treasury stock.
Treasury stock issued on September 30, 2018. This means we have 3months(October 1 - December 31st, 2018).
So we have 3/12 x 35,000 shares
= 8,750 shares
Therefore, the appropriate number of shares to be used in the basic earnings per share computation for 2018:
=332,000 shares - 8,750 shares
= 324,050 shares
Answer:
The total amount of cost that will be allocated from S2 to Department A is $32,200.
Explanation:
This can be calculated as follows:
Cost allocated from Department S1 to Department S2 = Direct department costs of Department S1 * Percentage of service to Department S2 = $200,000 * 15% = $30,000
Total Direct department costs for S2 = Direct department costs for S2 + Cost allocated from Department S1 to Department S2 = $16,000 + $30,000 = $46,000
Cost allocated from Department S2 to Department SA = Total direct department costs for S2 * Percentage of service to Department A = $46,000 * 70% = $32,200
Therefore, the total amount of cost that will be allocated from S2 to Department A is $32,200.
