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3 years ago

Element Corporation reported the following equity section on its current balance sheet.

Business

1 answer:

Feliz [49]3 years ago

5 0

Answer:

314,000 shares

Explanation:

The number of issued shares in case of 2 for 1 stock split would be

= Number of issued shares × stock split ratio

= 157,000 shares × 2

= 314,000 shares

Simply we multiply the Number of issued shares with the stock split ratio so that the accurate number of shares can come

All other information which is given is not relevant. Hence, ignored it

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A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300

tankabanditka [31]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $500

Unitary variable cost= $300

Fixed costs= $30,000

Units sold= 300

First, we need to calculate the contribution margin:

Contribution margin= 500 - 300= $200

Now, the contribution margin ratio:

Contribution margin ratio= contribution margin/selling price

Contribution margin ratio= 200/500= 0.4

Finally, the contribution margin income statement:

Sales= 500*300= 150,000

Total variable cost= 300*300= (90,000)

Contribution margin= 60,000

Fixed costs= (30,000)

Net operating income= 30,000

6 0

3 years ago

If the CEO of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager),

Rudik [331]

Answer:

a. The division’s basic earning power ratio is above the average of other firms in its industry.

Explanation:

All the rest of the option in the question results in less efficiency of the company's division. In order to achieve a better grade Option A is the only choice.

7 0

3 years ago

Which option would you select to control being linked to other people's posts?

s2008m [1.1K]

Answer:

Timeline and tagging settings

Explanation:

Timeline and tagging settings is a feature in social media applications such as Face-book, Twi-tter, Insta-gram etc. that allows you to control being linked to other people's posts.

When this settings is properly configured, you will only be linked to the posts of people you allowed, in this case it will be your mutual friends rather than the general public.

3 0

3 years ago

Journalize each correcting entry discovered during August of the current year: Use page 15 of the journal. Transactions: Aug. 1

Shtirlitz [24]

Answer:

Journalizing correcting entries:

Aug. 1

Debit Utilities Expense $530

Credit Repairs Expense $530

To correct wrong posting.

Aug. 5:

Debit Sales Revenue $1,200

Credit Vivian Lynum, Capital $1,200

To correct wrong posting.

July 30:

Debit Supplies Account $280

Credit Suspense Account $280

To correct the wrong posting.

Explanation:

The July 6 entry is difficult to decide the correcting entry since the wrong amount was not given. There is nothing that can be done with the $160 supplied in the question.

7 0

3 years ago

Fenland Co. plans to retire $120 million in bonds in five years, so it wishes to fund a savings account at the beginning of each

solniwko [45]

Answer:

240,000,000

Explanation:

Each year you would need to invest 240,000,000 into the saving account over a period of five years to get to the desired amount. If they are only putting in 12%of the retirement funds that would 14,400,000 and that would take about 8 years.

8 0

3 years ago