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VikaD [51]
3 years ago
12

Bargain Central ​Furniture, Inc. completed the following treasury stock transactions in 2016​: LOADING...​(Click the icon to vie

w the​ transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Bargain Central ​Furniture, Inc. report treasury stock on its balance sheet as of December ​31, 2016​? Requirement 1. Journalize these transactions. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.) Dec. ​1: Purchased 1 comma 500 shares of the​ company's $1 par value common stock as treasury​ stock, paying cash of $ 5 per share. Date Accounts and Explanation Debit Credit Dec. 1
Business
1 answer:
Mkey [24]3 years ago
5 0

Answer:

Dr Treasury stock - common 7,500

Cr Cash 7,500

Explanation:

Journal entry for Bargain Central ​Furniture

Since the company on Dec. ​1 was said to have make Purchased of the amount of 1 ,500 shares of the​ company's $1 par value common stock as treasury​ stock in which they pay cash of $ 5 per share this means we have to record the transaction by Debiting Treasury stock- common with 7,500 and Crediting Cash with the same amount. The 7,500 is calculated as:

1,500 shares×$5 per share

December 1

Dr Treasury stock - common 7,500

Cr Cash 7,500

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The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i
Vikentia [17]

Answer:

Differential cost

Explanation:

Differential cost is defined as variance in cost that will be incurred between two courses of action. This is used to evaluate the best option of two investments under consideration.

The option that has more revenue will have less cost. So differential cost calculation is used to determine line of action that will bring least cost.

For example if one alternative action will entail use of a warehouse of $30,000, and the alternative is to use just in time inventory practice thereby requiring $10,000 in storage cost.

The best option is the just in time option

7 0
3 years ago
To create shareholder value via diversification, a company must get into new businesses that are profitable ____ (A) diversify i
Artyom0805 [142]

Answer:

D

Explanation:

According to my research on conglomerate business strategies, I can say that based on the information provided within the question a company must diversify into businesses that can perform better under a single corporate umbrella than they could perform operating as independent, stand-alone businesses.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
4 years ago
(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mar
AysviL [449]

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

True Statements:

1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.

2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.

Explanation:

Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs.   In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders.  Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.

Product Margin is the profit margin generated per product.   It is the markup on the cost of the product.  It shows the difference in amount between the selling price and the manufacturing cost.  Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.

6 0
3 years ago
On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
3 years ago
Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
iren2701 [21]

Answer:

<em>Gabrielle's economic decisions best relate to broad economic goals by still having a job during the evening and still pursuing on doing artistic projects..</em>

7 0
3 years ago
Read 2 more answers
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