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madam [21]
3 years ago
8

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common

stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 30?
Business
1 answer:
Viktor [21]3 years ago
3 0

Answer:

June 30, repurchase of 100 shares:

Dr Treasury stock 4,000

    Cr Cash 4,000

Explanation:

The other journal entries should be as follows

July 20, resale of 50 shares:

Dr Cash 2,300

    Cr Treasury stock 2,000

    Cr Additional paid in capital 300

August 1, resale of 20 shares:

Dr Cash 760

Dr Additional paid in capital 40

    Cr Treasury stock 800

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The beta of a security is calculated as: (_____ of a security’s return with the return on the market portfolio / _______).
spayn [35]

Answer:

Beta of a security is the covariance of the security return with the return on the market portfolio divided by variance of the market return.

The correct answer is C

Explanation:

Beta of a security is calculated as covariance (Ri,Rm) divided by Variance of the market return. Beta is used for measuring the systematic risk of a security.

5 0
3 years ago
Dexter loses his breach-of-contract case against micheletta in a georgia state trial court. dexter appeals to the state court of
Wittaler [7]

After Dexter appeals to the state court of appeals and loses again, he files his next appeal with the <u>Georgia Supreme Court</u>.

<h3>What is a Court hierarchy?</h3>

This refers to the arrangement of courts in the method through which appeal flows. If the judgement at the lower court is not satisfying, an appeal can be made to the higher court in order to get redress and justice.

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6 0
1 year ago
Is ged the same as graduating high school?
pashok25 [27]
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3 0
3 years ago
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Em
atroni [7]

Answer: 871 units

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The number of units in ending inventory can be calculated using following formula :-

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3 0
3 years ago
Suppose that a firm’s marginal production costs are given by MC = 10 + 4Q. The firm’s production process generates a toxic waste
SCORPION-xisa [38]

Answer:

A) Marginal private cost= 50

B) Total Marginal social cost to society = 70

Explanation:

A) In order to find the marginal private cost we will use the firms production cost formula as it is the private cost that the firm is enduring and is only relevant to the firm's cost and not the society's cost.

In order to find the marginal unit cost of the 10th unit produced will will replace Q in the formula by 10 as it represents quantity.

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B) In order to find the marginal cost to society we will add the marginal external cost of the 10th unit to its private cost. We already know the marginal private cost is 50 now we need to find the marginal external cost to it to find the total marginal cost.

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3 0
3 years ago
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