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agasfer [191]
3 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]3 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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Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they
Tems11 [23]

Answer:

i don't thing i understand the question.

Explanation:

3 0
2 years ago
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its
Anettt [7]

Answer:

a.  Human capital return on investment

Explanation:

Human capital return on investment  -

It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment  .

It is basically the interconnection between the profit of the company and the cost on the workforce .

hence , from the given scenario of the question,

The correct option is a.  Human capital return on investment  .

5 0
2 years ago
What is the number of times an audience sees or hears an advertisement
Tems11 [23]

<u>Answer:</u> Frequency

<u>Explanation:</u>

Frequency is the number of times the audience sees or hears the advertisement. It is significant to measure the frequency of the advertisement such as TV media, posters, hoardings, radio, social media etc. to know the effectiveness of the advertisement.

When the advertisement is effective then the sales for the product or service advertised increases. Advertisement also increases the consumer awareness about the product. Increased frequency can be very efficient as it creates a memory in the minds of the consumers.

5 0
3 years ago
Hugh has the choice between investing in a city of heflin bond at 6.60 percent investing in a surething bond at 10.00 percent. a
butalik [34]

Answer: Surething Inc, needs to issue bonds with 11% interest rate in order to make Hugh indifferent between investing in two bonds.

We arrive at the answer in the following manner:

The City of Helfin bonds are municipal bonds and hence they are tax free. This means that Hugh will get an after - tax return of 6.6%.

The bonds of Surething Inc offering a 10% interest, however are taxed at 40%. So, the current after-tax returns of the bond is:

After - tax return= Pre- tax return * (1 -tax rate)

After-tax return= 0.1 * (1-0.4)

Current after tax return = 0.06 or 6%

However Hugh will be indifferent to investing in these two bonds only if they offer the same after-tax return of 6.6%.

Given this, we can calculate the indifference rate as follows:

After - tax return= Pre- tax return * (1 -tax rate)

0.066= Pre- tax return * (1 -0.4)

\frac{0.066}{0.6}= Pre-tax return

Pre-tax return = 0.11 or 11%.

8 0
3 years ago
Exercise F The luggage department of Sampson Company has revenues of $1,000,000; variable expenses of $250,000; direct fixed cos
Yanka [14]

Answer:

Decrease by $250,000

Explanation:

Calculation for what would be the effect on net income.

We would be using Differential Analysis method to find the effect on the net income

Differential Analysis

Continue with Luggage Department; Eliminate Luggage Department; Effect on Income

Sales

1,000,000 0 -1,000,000

Variable cost

-250,000 0 250,000

Direct fixed costs

-500,000 0 500,000

Indirect fixed costs

-300,000 -300,000 0

Net Income

-$50,000 -$300,000 -$250,000

Therefore in a situation where the luggage department is eliminated, the income would decrease by $250,000

3 0
3 years ago
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