Answer:
Weighted-average number of shares = 310,600
Explanation:
Given:
Total shares on January 1, 2017 = 291,000 (for 12 months)
Issue of new shares On May 1, 2017 = 29,400 (For 8 months)
Computation of Weighted-average number of shares:
Weighted-average number of shares = [291,000 × (12/12)] + [29,400 × (8/12) ]
Weighted-average number of shares = [291,000 + 19,600 ]
Weighted-average number of shares = [310,600]
Answer:
The market value of this firm is $980,744
Explanation:
The computation of the market value is shown below:
= Current value of building + current value of building + market value of inventory + accounts receivable + cash balance - owing balance
= $1,480,000 + $507,000 + $225,000 ($450,000 × 50%) + $237,844 ($245,200 × 98%) + $10,900 - $1,480,000
= $980,744
We take the market value instead cost value, as question has asked for the market value of the firm
Answer:
Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:
A) higher, because more games are televised today.
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.
Can this change in opportunity cost account for the decline in college football attendance?
B) Yes, because these changes increase the opportunity cost of watching football games in person.
Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?
Answer:
The adjusted balance will be of $ 25,420
Explanation:
For the bank reconciliation we should post what is the unknow information for each party.
<em>CASH</em>
<em></em>
Balance 24,930
Service Charge -50
accounting mistake 540
(+710 to ammend the mistake - 170 real value of the check)
Adjusted Balance <em>25,420</em>
<em>BANK </em>
Balance 26,420
Outstanding Check -5,060
Deposit in transit 4,060
Adjusted Balance <em> 25,420</em>
Answer:
Debit to Salaries and Wages Expense for $40,000
Explanation:
Based on the information given we were told that Salaries and wages was the amount of $40,000 which means that The Appropriate journal entry to record the monthly payroll on June 30 would include a DEBIT TO SALARIES AND WAGES EXPENSE FOR $40,000
Debit to Salaries and Wages Expense for $40,000
(To record monthly payroll)
