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ICE Princess25 [194]
3 years ago
5

Environmental Designs issues 4,000 shares of its $1 par value common stock at $15 per share. (1) Record the issuance of the stoc

k. (2) Record the issuance of the stock assuming it is no-par value stock
Business
1 answer:
prisoha [69]3 years ago
8 0

Answer:

1                        Cash                                            $60000

                            Common Stock                             $4000

                            Additional Paid in Capital            $56000

2                       Cash                                            $60000

                             Common Stock                            $60000  

Explanation:

When stock issue at Market value the cash generated above the par value will consider as Additional Paid in Capital while cash common stock no par value it will consider as share issued at market value when share issued at no par value.

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Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7
LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

4 0
3 years ago
Currency exchange rates.
sasho [114]

Answer:

$3,402.04

Movement helped you

Explanation:

The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:

I = \$3,700*0.49\frac{\pounds}{\$}\\I=\pounds 1,813

If the remaining amount was ​£146, the total spend in dollars is given by:

S=\frac{\pounds1,813- \pounds146}{0.49} \\S=\$3,402.04

The amount spent in England in U.S.​ dollars was $3,402.04.

If the exchange rate was still $1:£0.49, the amount received back would be:

A_1 = \frac{146}{0.49}=\$297.96

At the new rate of $1:£0.45, the amount received is:

A_2 = \frac{146}{0.45}=\$324.44

Therefore, the movement in the exchange rate helped you.

8 0
3 years ago
As consumers get older, the value they receive from certain consumption activities often changes. for example, some older consum
MA_775_DIABLO [31]
<span>As consumers get older, the value they receive from certain consumption activities often changes. for example, some older consumers do not have as much fun attending sporting events as they did when they were younger. in this case, consumers' age is an example of a moderating variable.</span>
5 0
3 years ago
Which of these names is the best for a clothing brand?
Zielflug [23.3K]
I believe this question is highly based upon opinion. If you want my two cents though, I would go BlackBear
3 0
3 years ago
Fallow Corporation has two separate profit centers. The following information is available for the most recent year: West Divisi
Dafna1 [17]

Answer: $159250

Explanation:

The operating income for the West Division will be calculated thus:

Sales = $390000

Less: Cost of goods sold = $137000

Less: Salary = $45000

Less: Rent = $48750

Operating Income = $159250

Rent was calculated as:

= $78000 × 9750/(9750 + 5850)

= $78000 × 9750/15600

= $48750

6 0
3 years ago
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