Answer:
True
Explanation:
Section 351 (a) establishes that no gain or loss should be recognized when property is transferred to a corporation:
- in exchange of stock in that corporation (might receive common stock or share class stocks)
- as soon as the exchange is complete, the new stockholder must be in control of the corporation.
Not all common stocks have the same voting rights, that is why they are divided into share classes which assign separate voting rights or powers. Section 351 does not include preferred stocks.
Answer:
$1.89 per machine hour
Explanation:
With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.
Standard maintenance cost = $ 13,680 - $450
= $13,230
Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;
= $13,230 / 7,000
= $1.89
Therefore, the cost was $1.89 per machine hour.
Yes, the store brand has more consistent number of chips per cookies
Explanation:
The store brands are the brands that put the owner names on the product and they will sell all their products in a private label and the label will be the own name or the brand name in which the store is given
These products are sold under a single market identity and this is a constant industry in which some of the brands are able to maintain their position themselves and they emerge as premium brands
Answer:
The price of the stock is $100.
Explanation:
First we need to find the dividend per share.
We find that out by dividing the total dividend payment by the number of shares outstanding.
1000/100= 10
We now know that the dividend per share is $10. Because the firm expects to mantain this dividend forever and there are no chances of dividend growth we can use the formula for a perpetuity to find the price of the stock.
Price of stock = Dividend/Required rate of return
Price = 10/0.1=$100
What are the sales dollars required to attain a target profit of $120,000? Sales dollars to attain the target profit = (Target profit + Fixed expenses)/Contribution margin ratio. Substituting the values, sales required = ($120,000 + $40,000)/0.40 = $400,000.
