Answer:
The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
Explanation:
In order to prepare The journal entry to record the purchase of treasury stock we would have to calculate the treasury stock as follows:
Treasury Stock=shares purchased*cost per share
Treasury Stock=100 Shares x $38.00 per share
Treasury Stock=$3,800
Therefore, The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
Answer:
7.5%
Explanation:
Cost savings
:
= Equipment cost - New machine cost
= 30,000 - 12,000
= 18,000
Depreciation per year
:
= Cost of automated bottling machine ÷ Useful years
= 120,000 ÷ 10
= 12,000
Simple rate of return:
= (Cost savings - Depreciation of new equipment) ÷ (cost - salvage of old)
= (18,000 - 12,000) ÷ (120,000 - 40,000)
= 6,000 ÷ 80,000
= 0.075
= 7.5%
Answer:
being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.
Explanation:
Answer:
Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.
Cheers!
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
