Answer:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
- 1) $7 per stock
- 2) $7 per stock
b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.
- Common stock $589,050
- Paid-in capital in excess of par - common stock $83,550
- Retained earnings $625,400
Explanation:
since it is a "small" stock dividend, it will be carried out at market value and not at par value.
the total number of stocks = $535,500 / $7 par value = 76,500 stocks
total transaction = 76,500 stocks x $14 x 10% = $107,100
the journal entry should be:
Dr Retained earnings 107,000
Cr Common stock 53,550
Cr Paid in capital in excess of par value 53,550
total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock
Answer:
the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance
= $12,000 - (2000 × 7)
= $2000 F
And, the Labor efficiency variance is
= 7 × (2000 - 3000 × 0.5)
= $3500 U
Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Due to a slowdown in global growth, rising inflation, and other factors, Sub-Saharan Africa's economic growth is expected to fall from 4.1% in 2021 to 3.3% in 2022.
Hence, Option C is correct.
The Democratic Republic of the Congo, Burundi, Madagascar, the Central African Republic, and South Sudan all had extreme poverty rates exceeding 70%. South Sudan, the poorest country in Africa, had a rate of over 80%. Some people have done well.
21 out of 25 countries in the low-income group in 2020 were Sub-Saharan African economies, despite the fact that 11 Sub-Saharan African nations had been able to migrate from the low-income category to lower and upper-middle income groups over the previous three decades.
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Answer:
The amount that Mike withdraws from his account is $37678.11265
Explanation:
This question requires to calculate the future value of the amount invested at a rate of 5.25% for 18 years. We will simply use the formula for future value.
The formula for future value is,
FV = Present Value * (1+r)^t
Where,
- r is the interest rate
- t is the time period
- Here the time period is in years and is 18 years or t = 18
FV = 15000 * (1+0.0525)^18
FV = $37678.11265