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sineoko [7]
3 years ago
7

Berry Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2012, the f

irst year of the corporation's existence:- sold 10,000 shares of common stock for $18 per share- issued 10,000 share of common stock in exchange for a patent valued at $200,000At the end of Berry's first year, total paid-in capital amounted to...

Business
1 answer:
mojhsa [17]3 years ago
5 0

Answer:

$285,000

Explanation:

Please see attachment

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The Correct Answer Is C.

Growth

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Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
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Answer and Explanation:

The computation of the equivalent units of production for both materials and conversion costs is given below:

For material

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And, for conversion cost

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2 years ago
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an
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Answer:

$ 226.04

Explanation:

Given:

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Interest rate, i = 2%

Time, t = 10 years

Now,

\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

since, the payment is made monthly

thus,

n = 10 × 12 = 120 months

i = 2% / 12 = 0.02 / 12

on substituting the values in the above equation, we get

PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]

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3 years ago
Juniper Co uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9750 of me
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(Being returned inventory is recorded)

For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done

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There are 3 commonplace kinds of corporations—sole proprietorship, partnership, and organization—and each comes with its very own set of benefits and downsides. In easy terms, the reason for an enterprise is to have a significant imagination and prescient after which to be worthwhile in accomplishing it. And we should qualify “profitable”: profitability means long-time period sustainable returns, and each word in that phrase is vital.

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