Answer:
450 shares
$25
Explanation:
a 3 for 1 stock split is when 1 unit of shares is increased by 3
150 shares becomes (150 x 3) = 450
price becomes = $75/3 = $25
stock splits have no economic effect on the company and total shareholders wealth does not change
price / earnings does not change and market equity does not change
Answer:
The journal entry for the following is shown below:
Explanation:
The journal entry for the following is as follows:
Bad Debts Expense A/c................................Dr $3,600
Allowance for Doubtful Accounts A/c......Cr $3,600
Being the adjusting entry for bad debt expense
Working Note:
Using the percentage of accounts receivable computing the amount of bad debt expense as:
Allowance for doubtful accounts = Accounts receivable × %
= $120,000 × 4%
= $4,800
Now, computing the bade debt expense as:
Bad debt expense = Allowance for doubtful debts - Credit balance
= $4,800 - $1200
= $3,600
Answer:
d. $5.40 per direct labor-hour
Explanation:
The predetermined overhead rate = (total fixed manufacturing overhead cost + total variable manufacturing overhead ) / Total Direct Labor Hours
= [$ 160,000 + ( $3.40 per direct labor- hour * 80,000 direct labor-hours)] / 80,000 direct labor Hour
= [$ 160,000 + $ 272,000 ] /80,000 direct labor Hour
= $ 432,000/ 80000 direct labor Hour
= $ 5.40 per direct labor Hour
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.
Answer:
Planning budget amount = $3,052.00
Explanation:
<em>The planning budget is als0 known as the </em><em>fixed budge</em><em>t . It is the budget prepared for the original level of activity intended or planned for. As it's name implies, it is used for planning purpose.</em>
For the month of August, the planning budget
= $2060 + ($12 × 86)
= $3,052.00
Planning budget amount = $3,052.00
