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victus00 [196]
3 years ago
5

HELP ASAP, CORRECT ANSWER GETS BRAINLIEST

Business
2 answers:
MArishka [77]3 years ago
6 0
C. cash borrowed from a credit card account
7nadin3 [17]3 years ago
5 0
Cash borrowed from a credit card account
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On November 30, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of Shaw Co.
scoray [572]

Answer:

Value of goodwill = $350,000

Explanation:

In case where is investment in 100% shares of a company then that may give rise to goodwill or rise to capital reserve.

Any amount paid to acquire that interest in company more than the value of such company is recorded as goodwill.

Here, cost of acquisition = $15 \times 250,000 =  $3,750,000

Carrying value of net assets of the company = $3,000,000

Increase in value due to fair value = $400,000

Value of goodwill = Purchase price - Fair Value of net assets

Therefore, value of goodwill = $3,750,000 - ($3,000,000 + $400,000) = $350,000

7 0
3 years ago
Wilturner Company incurs $83,000 of labor related directly to the product in the Assembly Department, $32,000 of labor related t
Alinara [238K]

Answer:

Work in process inventory ($83,000 + $32,000) $115,000

Factory overhead $19,000

            To wages payable  $134,000

(Being the labor is recorded)

Explanation:

The journal entry is shown below:

Work in process inventory ($83,000 + $32,000) $115,000

Factory overhead $19,000

            To wages payable  $134,000

(Being the labor is recorded)

For recording this we debited the work in process inventory and factory overhead and credited the wages payable so that the correct posting could be done

3 0
3 years ago
What is the difference between an aptitude and an interest? Why is it beneficial to find a career that uses your aptitudes? What
dimaraw [331]
Aptitude, by definition, is the natural ability of a person to do something like talent, while interest by definition is in which what a person likes to do. There is a difference in what you can do and what you want to do. Therefore, in choosing a career, it is important to based it on your aptitude because it will come naturally and raw.
6 0
3 years ago
Read 2 more answers
In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five y
Vaselesa [24]

Answer:

The answer is:

A. Find the detailed calculation in the explanation section.

B. $6.33

C. $145.59/share

Explanation:

A.

Current dividend paid is $1.21

Growth rate for the next 5 years is 16 percent.

Dividend per share in Year 1 = $1.40 per share [$1.21 x 1.16]

Dividend per share in Year 2 = $1. 62 per share [$1.40 x 1.16]

Dividend per share in Year 3 = $1.88 per share [$1.62 x 1.16]

Dividend per share in Year 4 = $2.18 per share [$1.88 x 1.16]

Dividend per share in Year 5 = $2.53 per share [$2.18 x 1.16]

B.

Earnings per share (EPS) in Year 5 = Dividend per share in year 5 / Pay-out Ratio

$2.53/0.4

=$6.33

C.

Target stock price in five years = EPS in Year 5 x Benchmark P/E Ratio

= $6.33 per share x 23times

= $145.59/share

5 0
3 years ago
What would the income statement and balance sheet look like for this problem?
steposvetlana [31]

Answer:

INCOME STATEMENT

For the year ended December 31

Service Revenue                   $149,200

Property Taxes          8,800

Salaries Expense  126,600

Insurance Expense   7,300

Supplies Expense    6,600  $149,300

Net loss                                       $100

Dividends                                   3,100

Retained Earnings                 ($3,200)

BALANCE SHEET

As of December 31

Assets:

Cash                              $81,900

Supplies                            3,200

Accounts Payable            <u> 1,900</u>

Total Assets                 $87,000

Liabilities + Equity:

Accts Receivable            51,800

Deferred Revenue            1,100

Insurance Payable           <u>7,300</u>

Total liabilities               60,200

Common Stock             30,000

Retained Earnings         (3,200)

Total liabilities and

stockholders' equity  $87,000

Explanation:

a) Data and Calculations:

Cash account

Date      Accounts Title             Debit      Credit

Jan. 9   Service Revenue     $137,100

Feb. 12 Accounts receivable   51,800

Apr. 25 Deferred Revenue     13,200

July 15  Property taxes                           $8,800

Sep. 10 Accounts Payable                        11,700

Oct. 31 Salaries Expense                      126,600

Nov. 20 Common Stock       30,000

Dec. 30  Dividends                                    3,100

Dec. 31 Balance                                    $81,900

                                          $232,100 $232,100

Service Revenue

Date      Accounts Title             Debit      Credit

Jan. 9   Cash Account                            $137,100

Dec. 31  Deferred Revenue                       12,100

Dec. 31  Income Statement $149,200

                                            $149,200 $149,200

Accounts Receivable

Date      Accounts Title           Debit      Credit

Feb. 12  Cash Account                       $51,800

Deferred Revenue

Date      Accounts Title           Debit      Credit

Apr. 25 Cash Account                         $13,200

Dec. 31  Service Revenue    $12,100

Dec. 31  Balance                     $1,100

                                            $13,200  $1`3,200

Supplies

Date      Accounts Title           Debit      Credit

May 6   Accounts Payable   $9,800

Dec. 31 Supplies Expense                   $6,600

Dec. 31 Balance                                      3,200

                                             $9,800   $9,800

Accounts Payable

Date      Accounts Title           Debit      Credit

May 6   Supplies                                  $9,800

Sep. 10 Cash Account          $11,700

Dec. 31 Balance                                    $1,900

                                             $11,700  $11,700

Property Taxes Expense

Date      Accounts Title           Debit      Credit

July 15  Cash Account         $8,800

Salaries Expense

Date      Accounts Title           Debit      Credit

Oct. 31  Cash                       $126,600

Common Stock

Date      Accounts Title           Debit      Credit

Nov. 20 Cash Account                        $30,000

Dividends

Date      Accounts Title           Debit      Credit

Dec. 30 Cash Account         $3,100

Insurance Expense

Date      Accounts Title           Debit      Credit

Dec. 31  Insurance Payable  $7,300

Supplies Expense

Date      Accounts Title           Debit      Credit

Dec. 31  Supplies Account  $6,600

Insurance Payable

Date      Accounts Title           Debit      Credit

Dec. 31  Insurance Expense                 $7,300

Adjusted TRIAL BALANCE

As of December 31

Accounts Title           Debit      Credit

Cash                        $81,900

Supplies                     3,200

Accounts Payable      1,900

Property Taxes          8,800

Salaries Expense  126,600

Insurance Expense   7,300

Supplies Expense    6,600

Service Revenue                   $149,200

Accts Receivable                       51,800

Deferred Revenue                       1,100

Insurance Payable                      7,300

Common Stock                        30,000

Dividends                  3,100

Total                  $239,400 $239,400

3 0
3 years ago
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