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Masja [62]
3 years ago
12

On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 pe

r share. On July 1, 2018, Alpha Corp., 2,000 of these shares were reacquired for $20 each. On September 1, 2018 Brunswick Corp. reissued 800 shares of its treasury stock for $22 per share. No other stock transactions occurred during the rest of fiscal year 2018. Use this information to determine the dollar amount that Alpha will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock.
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer:

Paid in capital treasury stock = $1,600

Explanation:

Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.

Given,

Reacquired treasury stock = 2000 shares

As the shares were reacquired for $20,

Reacquired total treasury stock = 2,000 shares × $20 = $40,000

Reissued number of shares = 800

Market price of those treasury stock is $22 per share.

Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares

Paid in capital - treasury stock = $1,600

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Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $480,
Olin [163]

Answer:

b. 320000

Explanation:

In order to calculate the joint cost of Gorp we need to understand what the method means and how it's used to calculate it. The adjusted sales method is used to allocate joint costs based on the prices the products are sold.

First of all we need to calculate the percentage of Selling price of Gorp to that of the total selling price of both Gorp and Gumm.

I.e: 60 ÷ (60+30) × 100

SP % of Gorp= 66.67%

Now we calculate joint cost allocated to Gorp.

Total joint cost of both Gorp and Gumm = $480000

Joint cost of Gorp = $480000 × 66.67%

Joint cost of Gorp = $320,000

3 0
3 years ago
Analytical skills give a manager the ability to identify problems creatively, generate _____ alternatives, and select the "best"
Airida [17]

Answer:

reasonable

Explanation:

Analytical skills are a set of skills that allow an individual to collect and analyze information, as well as make decisions accordingly in order to solve complex problems. This is a highly important set of skills for a manager to have since it allows them to identify problems creatively, and generate reasonable alternatives for the best outcome.

6 0
3 years ago
"jasper company, inc. Is a wholesaler that buys merchandise in large quantities. Its supplier's catalog indicates a list price o
Setler [38]

Answer: Jasper's net purchase price unit is $357.

Since Jasper orders in large quantities, Japser is eligible for the trader's discount at 30%.

So, the price per unit will be:

Price per unit after discount = 500 * (1 - 0.3) = 350

Shipping costs are charged by the shipper and Jasper doesn't get any discounts from the shipper. So, we add shipping costs per unit to the discounted price per unit to arrive at the purchase price per unit.

Purchase Price = Discounted Price + Shipping Costs

Purchase Price = 350 + 7 = 357



8 0
3 years ago
As ________blank, pioneers have the advantage of creating a new market or product category, establishing a commanding initial ma
inessss [21]

As first movers, pioneers have the advantage of creating a new market or product category, therefore establishing a commanding initial market share lead.

The major benefit of being a first mover om a new market or product category is the opportunity to build impactful brand awareness and customer loyalty. That way, first movers can easily dominate the market or product category and maximize early sales, gaining an upper hand against their rivals. They can also adjust their good or service quality as well as refine their marketing strategy with the additional time they get before rivals start to enter the market.

Learn more about first movers at brainly.com/question/28995105

#SPJ4

7 0
1 year ago
F7 Balikan
Goshia [24]

Answer:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

Explanation:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

8 0
3 years ago
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