Answer:
The answer is
= Lifestyle
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Answer:
The correct answer is:
Debit: Account receivable $5,800
Credit: Sales revenue $5,800
Debit: Cost of goods sold $4,000
Credit: Merchandise inventory $4,000
Explanation:
On 1st May
Upon sale of inventory on credit
Debit: Account receivable $5,800
Credit: Sales revenue $5,800
On 1st May
To record cost of goods sold of merchandise inventory:
Debit: Cost of goods sold $4,000
Credit: Merchandise inventory $4,000
Answer:
The marginal cost of an additional unit of output is $145
Explanation:
The computation of marginal cost of an additional unit of output is shown below:
= Change in total cost ÷ change in production level
where,
Change in total cost = Increased cost - previous cost
= $9.4 million - $6.5 million
= $2.9 million
Thus, change in total cost is $2.9 million
And, change in production level = New production level - existing production level
= 70,000 - 50,000
=20,000
Thus, change in production level is 20,000
Now,
Apply the above values in the formula which is equals to
= $2.9 million ÷ 20,000
= $145
Hence, the marginal cost of an additional unit of output is $145
Price. It is the sum of all values that buyers exchange for the benefits of having or using a good or service. can be defined very narrowly as the amount of money charged for a product or a service. However, the price is really more than that.
Answer:
A. $2,650,000 $3,312,500
B.$532,000 $291,500
C.$10 $10
Explanation:
Before Dividend After Dividend
(a)Stockholders’ equity
Paid-in capital
Common stock, $10 par
$2,650,000 $2,915,000
In excess of par value $106,000
Total paid-in capital
$2,650,000 $3,021,000
Retained earnings
$532,000 $291,500
Total stockholders’ equity
$3,182,000 $3,312,500
(b)Outstanding shares
$265,000 $291,500
(c)Par value per share
$10 $10
10×$26,500=$265,000
$2,650,000+$265,000=$2,915,000
$14×$26,500=$371,000-265,000
=$106,000
$265,000+$26,500=$291,500
