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agasfer [191]
4 years ago
13

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 100 shares of its common st

ock on May 1 for $5,000. On July 1, it reissued 50 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Business
1 answer:
Deffense [45]4 years ago
8 0

Answer:

$50

Explanation:

Fortune Company

Paid-in capital,Treasury stock:

May1 $ 0

July 1: $2/share *50 shares 100

August 1:$1/share*50 shares (50)

Balance August 2 $ 50

Therefore the balance in the Paid-in Capital, Treasury Stock account on August 2 will be $50

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Use the information below to answer the following questions. The following units of an inventory item were available for sale du
Oksi-84 [34.3K]

Answer:

Instrctions are listed below.

Explanation:

Giving the following information:

Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70

60 units of the item were sold.

A) FIFO

Inventory= 15*70 + 5*65= $1,375

B) LIFO

Inventory= 10*55 + 10*60= $1,150

C) Weighted average:

Average cost= (55 + 60 + 65 + 70)/4= 62.5

Inventory= 62.5*20= $1,250

7 0
3 years ago
_____________________ involves measuring organizational performance and making adjustments as needed
Mars2501 [29]
Controlling is what involves measuring organizational performance and making adjustments as needed. Hope this helps, good luck.
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4 years ago
BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ
AnnZ [28]

Answer:

c) moderators.

Explanation:

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A moderator is a neutral individual who has the sole responsibility and skill set to preside and regulate discussions, by ensuring participants do not stray off from the subject matter and the time allotted to them.

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3 years ago
Which of the following statements are true? (plato)
Butoxors [25]

Which of the following statements are true? (plato)

A. Economic stability means fair distribution of goods in an economy.

B. Full employment is a macroeconomic goal.

C. Inflation is a fall in the prices of goods and services.

D. Inflation is a rise in the prices of goods and services.

E. Microeconomics studies the economy as a whole.

The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.

E. Is incorrect because microeconomics does not study the economy as a whole, rather, it studies single factors and the effects of indvidual decisions.

Full employment is a macrocroeconomic goal because it studies large-scale or general economic factors vs smaller (micro/microeconomic) factors.

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3 years ago
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larisa86 [58]

Answer:

C. The government can change the reserve

ratio.

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3 years ago
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