During the decoding process, the:

Logano Driving School’s 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed

Ray Of Light [21]

Answer:

The answer is: $1,219,000

Explanation:

Net capital spending (NCS): is the amount of money a company invests in acquiring new fixed assets.

We use the following formula:

Net Capital Spending = ending fixed assets – beginning fixed assets + depreciation

NCS = $3,300,000 - $2,400,000 + $319,000 = $1,219,000

8 0

3 years ago

Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for ). The journal entry to record this issuance would inc

shusha [124]

Answer:

E) B and C

Explanation:

<em> The missing word </em>"Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for $85,000"

Date Account Titles and Explanation Debit Credit

Cash $85,000

Common stock $25,000

(5000 shares x $5)

Paid-in capital in excess of par $60,000

5 0

4 years ago

Houser Corporation owns 4,000,000 shares of stock in Baha Corporation. On December 31, 2012, Houser distributed these shares of

Sloan [31]

Answer:

The correct option is (a)

Explanation:

Property dividend is distributing assets as dividends to its stockholders. This distribution is not in the form of cash. It could be any asset including any stock that the organization holds with some other company.

In this case, Houser corporation distributes shares of Baha corporation to its shareholders as dividends. This is an example of property dividend.

3 0

4 years ago

Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for

aev [14]

Question Continuation

1. The number of physical units that were transferred out and the number that are in ending work in process inventory.

2. The number of equivalent units for materials and conversion for the month.

3. The cost per equivalent unit of materials and conversion for the month.

Answer:

See explanation below

Explanation:

1. .

Units to account for is given as:

Beginning (Work in Process) ------_--------- $2,000

Unit Started at the beginning (April) ----- $28,000

Total = $2,000 + $28,000 = $30,000

Calculating total units accounted for.

Units completed and transferred out ------- $23,000

Ending (Work in Process) ------------------------ $7,000

Total Units = $23,000 + $7,000 = $30,000

2.

Units completed and transferred out

=> $23,000 (units) => 100% (% Materials) => $23,000 (EUP Materials) => 100% (% Conversion) => $23,000 (EUP Conversion)

Units of ending work in process

=> $7,000 (units) => 100% (% Materials) => $7,000 (EUP Materials) => 40% (% Conversion) => $2,800 (EUP Conversion)

Equivalent Units of Production

=> $30,000 (units) => 100% (% Materials) => $30,000 (EUP Materials) => (% Conversion) => $25,800 (EUP Conversion)

3.

Cost per equivalent units of production

Cost of beginning work in process => $45,000 (Direct materials) => $56,320 (conversion)

Cost incurred during this period => $375,000 (Direct materials) => $341,000 (conversion)

Total Cost => $420,000 (Direct materials) => $397,320 (conversion)

Equivalent Units of Production => $30,000 (Direct materials) => $25,800 (conversion)

Cost per equivalent unit of production => $14.00 (Direct materials) => 15.40 (conversion)

Cost per equivalent unit of production is calculated by Total Cost / Equivalent unit of production

5 0

4 years ago

If the United States imports more than it exports, then Group of answer choices the supply of dollars is likely to exceed the de

frozen [14]

Answer:

the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.

Explanation:

A deficit can be defined as an amount by which money, falls short of its expected value.

In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.

For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.

This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.

Generally, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

If the United States imports more than it exports, then the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus (all things being equal) because it is not selling its goods and services to other countries.

7 0

3 years ago