Answer:
A) Credit to Common stock $2,000
C) Credit to Additional paid-in capital $8,000
Explanation:
The journal entry to record the issuance of stocks should be:
Dr Cash 10,000
Cr Common stock 2,000
Cr Additional paid in capital 8,000
Whenever a corporation issues new stocks, it must increase common stock account using the stocks' par value. Any additional amount must be recorded under the additional paid in capital account. Both accounts are part of the stockholders' equity and have credit balances.
Answer:
Yes buy the cushions
Explanation:
The computation is shown below:
= Manufacturing cost - purchase cost
where,
Manufacturing cost is
= Direct materials + direct labor + variable overhead cost + fixed overhead cost
= $1 + $10 + $5 + $6
= $22
The fixed overhead cost is
= $8 - $2
= $6
And, Purchase cost is $18
Savings cost is
= $22 - $18
= $4 per set
And, the number of sets is 4,000 cushion sets
So, total amount saved is
= 5,000 cushion sets ×$4 per set
= $20,000
Answer:
skilled labor
Explanation:
a skilled labor is a person who has a special skill, training, knowledge,and ability in their work
Answer: The labor market works much like other markets. There are buyers and sellers and they interact to determine a price. ... In the labor market, firms demand labor and individuals such as you and I supply that labor. Employers demand labor because workers are an important part of the production process.
Answer:
The Bronco Corporation
The fair value of the equipment is:
= $145,000.
Explanation:
a) Data and Calculations:
Book value of land = $125,000
Fair value of the land = $160,000
Amount received from the equipment owner in exchange = $15,000
Fair value of the equipment = $145,000 ($160,000 - $15,000)
b) This simply means that the equipment is worth less than the land which is exchanged between Bronco and the equipment owner.