Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $24,000 (600 shares × $40)
To Common Stock $600 (600 shares × $1)
To Additional Paid-in Capital in excess of par - Common Stock $23,400
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
2. Cash A/c Dr $4,400 (100 shares × $44)
To Common Stock $100 (100 shares × $1)
To Additional Paid-in Capital in excess of par - Common Stock $4,300
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
Answer:
RE break point = $24500
Explanation:
21,000 net income
30% OF Earnings as dividends
21,000 x 30% = 6,300 dividends
Retained Earnings (assuming no previous beginning value)
21,000 - 6,300 = 14,700
RE break point = 14,700/0.6 = 24500
What does the $24,500 mean?
This mean that the company can raise financing for this ammount without changing their capital structure (60% equity 40% debt)
If the company wants to finance for more, it will need to raise new shares or chance their capital structure, and therefore the WACC will change
Answer:
The Capability Index for this process is 1.04. The right answer is B
Explanation:
According to the given data we have the following:
μ = 31 Seconds
USL = 45
LSL = 10
Standard deviation σ= 4.5
Therefore, in order to calculate the Capability Index for this process we would have to use the following formula:
Cpk=Min<u>(
USL-μ</u> , <u>μ-
LSL</u>)
3×σ 3×σ
Cpk=Min<u>(
45-31</u> , 31<u>-
10</u>)
3×4.5 3×4.5
Cpk = Min ( 1.04,1.56) = 1.04
The Capability Index for this process is 1.04
Answer:
By producing a product with a lower opportunity cost
Explanation:
Given that the law of comparative advantage states that a nation is better off when it produces goods and services for which it has a comparative advantage.
To obtain a comparative advantage means "By producing a product with a lower opportunity cost."
This implies that while many nations can produce the same products, a particular nation will have the comparative advantage over other nations if its opportunity cost of producing that specific product is quite lower compared to other nations that ks capable of producing the same product.
Answer:
1. Dave has 23 ($10 coins) and 18 ($20) coins.
2. Dave has 18 ($10 coins) and 16 ($20) coins.
Explanation:
1.
Let x be the number of $10 coins.
Then, the number of $20 coins will be 41-x.
The equation for the sum of money can be written as:
590 = 10x + 20 * (41-x)
590 = 10x + 820 - 20x
590 - 820 = -10x
-230 / -10 = x
x = 23
This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.
2.
Using the same priciple,
let x be the number of $10 coins
let 34-x be the number of $20 coins
Sum of money equation:
500 = 10x + 20 * (34-x)
500 = 10x + 680 - 20x
500 - 680 = -10x
-180 / -10 = x
x = 18
So, Dave has 18 $10 coins and (34-18 = 16) 16 $20 coins that add up to a face value of $500.
