What happens in the labor market?

Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On M

Thepotemich [5.8K]

Answer: Please see explanation column for answers.

Explanation:

a)Journal to record the transactions of SprayCo Inc.

Date Account Debit Credit

march 9 Treasury stock (62,000 x $51) $3,162,000

Cash $3,162,000

June 9 Cash (48,000 x $60) $2,880.000

Treasury stock (48,000 x $51) $2,448,000

Paid in Capital from sale of treasury stock $432,000

($2,880.000- $2,448,000 )

Nov 13 Cash (7,500 x $54) $405.000

Treasury stock (7,500 x $51) $382,500

Paid in Capital from sale of treasury stock $ 22,500

($405,000- $382,500 )

b)balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year =$432,000 form June 9 + $ 22,500 from November 13 =$454,500

6 0

4 years ago

For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event

anygoal [31]

Oct 13........................No Journal Entry Required

Oct 17. Cash..........................................DR $107

To Accounts Receivable........................................ $107

(Being cash received by Accounts Receivable)

Oct 22. Inventory....................................DR $1145

To Accounts Payables.......................................... $1145

(Being Purchases made of Chairs and Oil Supplies)

Oct Accounts Payable...........................DR $1145

To Cash............................................................ $1145

(Being Cash paid for purchases made)

7 0

3 years ago

Target profit a.are when sales and costs are exactly equal. b.can be calculated by modifying the break-even equation. c.equals d

Irina-Kira [14]

Answer:

b. can be calculated by modifying the break-even equation.

Explanation:

As the name implies, target profit can be explained to be the certain amount a business enterprise or a business organisation targets to hit at the end of its sales or at the end of her business dealings.

It can be easily seen in a cash flow planning as it is once modified to approximate cash flow, and also used for revealing expected results to investors and lenders. In all that it is been used for, in the scenario above, it also can be calculated by modifying the break-even equation, and deriving more conservative budgeting packages in business development too.

Adjust the contribution margin per unit and units sold based on an expected sales promotion.

Alter the fixed cost total and the contribution margin per unit for the effects of outsourcing production.

Alter the contribution margin for the effects of changing to a just-in-time production system.

If there is continually a large unfavorable variance between the target and actual profit, it may be necessary to examine the system used to derive the target profit,

7 0

3 years ago

There are many type of negotiating approaches unions use. An example of one is when a union negotiates with a manufacturing comp

Ivenika [448]

Answer:

C. The trade off between wages and employment faced by the union.

Explanation:

The Union basically negotiates the pay a union worker will receive from the firm or organization. Unions use several techniques to increase the demand for labor and wages as well.

They push for minimum wage increase.
Increase the marginal productivity of workers.
Lobbying for stricter immigration rules. This limits growth in the labor supply, especially of low-skilled workers from outside the country.
They support restrictions on imported goods. This increases the demand for domestic production and domestic labor.

8 0

3 years ago

The two categories of cost comprising conversion costs are

bekas [8.4K]

Answer:

Explanation:

Direct labor and factory overhead

3 0

2 years ago