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ad-work [718]
3 years ago
11

The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasu

ry stock (at cost $15 per share) Based on the data, how many shares of common stock are issued? $270000 $1200 a. 26920.b. 29920. c. 30000. d. 27000.
Business
1 answer:
marishachu [46]3 years ago
7 0

Answer:

A) 26920

Explanation:

Issued common stock with par $10, total $270,000. The total number of issued stocks = $270,000 / $10 per stock = 27,000 stocks

Stocks held in Treasury = $1,200 / $15 per stock = 80 stocks

The total number of outstanding stock = total number of issued stocks - stocks held in Treasury = 27,000 stocks - 80 stocks = 26,920 stocks

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Michael's, Inc., just paid $2.60 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
mixas84 [53]

Answer:

$65.37

Explanation:

Calculation for how much are you willing to pay today to purchase one share of the company's stock

Using this formula

P/0 = D0 ( 1 + g ) / R-g

Let plug in the formula

P/0 = $2.60 (1 + .056) / .098 - .056

P/0 = $2.60 (1 .056)/0.042

P/0=$2.7456/0.042

P/0=$65.37

Therefore how much are you willing to pay today to purchase one share of the company's stock will be $65.37

6 0
3 years ago
Customers who actively trade their listed stock portfolios should have a strong understanding of:________.
Papessa [141]

Answer:

Timing Risk

Explanation:

Timing risk is a type of investment risks that a trade will not be performed at the best market price.

5 0
3 years ago
LO 3.4A company sells two products, Model 101 and Model 202. For every one unit of Model 101, they sell they sell two units of M
dexar [7]

Answer:

The sales mix is 1:2.

                           Model 101          Model 102

Selling Price                       21             56

Variable Cost              -14            -35

Contribution Per Unit       7               21

Multiply Sales Mix Ratio       1               2

Weighted Contribution       7                      42

Now add the weighted Contribution to compute Contribution margin per composite unit which is 7+42=$49

Explanation:

I assumed that the cost and selling price here for Model 101 is $14 and $21 respectively. Similarly the cost and selling price of Model 102 is $35 and $56 respectively.

Remember that Contribution margin per composite unit means that we will earn 49 dollars(combined contribution of sales mix) if we sell the sale mix of Model 101 and 102 which is 1:2.

6 0
3 years ago
During the year Waterway reported net sales of $951000. The company had accounts receivable of $75500 at the beginning of the ye
Nookie1986 [14]

Answer:

37.9 days

Explanation:

Given that,

Net sales = $951,000

Beginning accounts receivables = $75,500

Ending accounts receivables = $122,000

Average accounts receivables:

= (Beginning accounts receivables + Ending accounts receivables) ÷ 2

= ($75,500 + $122,000) ÷ 2

= $98,750

Accounts Receivable Turnover:

= Net sales ÷ Average accounts receivables

= $951,000 ÷ $98,750

= 9.63

Average collection period:

= 365 days ÷ Accounts Receivable Turnover

= 365 days ÷ 9.63

= 37.9 days

4 0
3 years ago
During the second year of the equipment’s life, $21,900 cash is paid for a new component expected to increase the equipment’s pr
Alona [7]

Answer:

   S/N              ACCOUNT                                 DEBIT                  CREDIT

      1             Equipment                                   $22,000

                        Cash                                                                     $22,000  

                    Being payment for new component expected to increase the

                    equipment’s productivity by 10% a year

      2.           Equipment Repairs expenses      $6,250

                       Cash                                                                          $6,250

                    Being payment for equipment repair

     3.            Equipment                                       $14,870

                       Cash                                                                          $14,870

                    Being payment for equipment repair to prolong the useful life

                    the asset

Explanation:

The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.

Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.

The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is  expected to increase the equipment’s productivity by 10% a year.

The  $6,250  paid for normal repair is a revenue items which is to be expensed against the earning of that period.

The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.

7 0
3 years ago
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