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sineoko [7]
2 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]2 years ago
5 0

Answer:

$285,000

Explanation:

Please see attachment

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Thomas purchased 200 shares of stock A for ​$23 a share and sold them more than a year later for $ 19 per share. Be purchased 60
Delicious77 [7]

Answer:

Capital gain tax = $1,540.

Explanation:

As per the data given in the question,

For stocks of A  

Profit = (selling price - purchasing price) × units

= ($19 - $23) × 200

= -$800

For stocks of B  

Profit = ($57-$41) × 600

= $9,600

Total profit = profit for stock A + profit for stock B  

= -$800 + $9,600

= $8,800

Therefore, capital gain for both year = $8,800

Tax rate = 35%

Capital gain tax = Capital gain × Tax rate

= $8,800 × 35%

=$3,080

As share holds for more than a year,

So, Capital gain tax = $3,080 ÷ 2 = $1,540.

5 0
2 years ago
What are the risks of foreign outsourcing?
Fudgin [204]
The risks of foreign outsourcing is that they could stop trading with you.
7 0
2 years ago
Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During
Ganezh [65]

Answer:

Cash borrow  = 10500

so correct option is a. $10,500

Explanation:

given data

Ending cash balance = $16,000

Beginning cash balance = $19,500

expected cash receipts = $68,000

Cash disbursements = $82,000

solution

we know that Ending cash balance is express as

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrow   .............................1

we get here Cash borrow put here value

$16,000 = $19,500  + $68,000 - $82,000 + Cash borrow

solve it we get

Cash borrow  = 10500

so correct option is a. $10,500

4 0
2 years ago
As the new general manager of a regional cable service, Joe is studying the formal configuration of groups and individuals in re
Brums [2.3K]

Administrative restructuring; done at managerial level for effective decision making and delegation of power down the order.

<u> Explanation: </u>

According to the narration given in the above statement the general manager is of the view that too much layer of manager will hamper the decision making and effective delegation of work.

So, after a detailed study of manager’s role and responsibility at the level he decided to downsize the structure from 10 managers to 3 managers who will report to him for making effective decisions.

He has delegated power to the new managers and by doing so it has reduced the burden of the Joe. By doing this the organisation objectives and goals can be met at the targeted time.

8 0
2 years ago
Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me
Vitek1552 [10]

Answer:

1. Computation of Budgeted amount of Merchandise Purchases

Particulars                                        June             July            August

Ending Accounts Payable          $130,000     $300,000      $120,000

Payments on account              <u>$1,500,000 </u>   <u>$1,400,000</u>   <u>$1,400,000</u>

                                                 $1,630,000     $1,700,000   $1,520,000

Beginning Accounts Payable  <u>$150,000  </u>     <u>$130,000  </u>     <u>$300,000  </u>

Purchases                                 <u>$1,480,000</u>    <u>$1,570,000</u>    <u>$1,220,000</u>

2. Computation of Budgeted amount of Cost of Goods Sold

Particulars                                        June             July            August

Beginning inventory                   $260,000   $500,000      $300,000

Purchases                                  <u>$1,480,000</u>   <u>$1,570,000</u>    <u>$1,220,000</u>

Cost of goods AFS                    $1,740,000   $2,070,000   $1,520,000

Ending Inventory                       <u>$500,000  </u>   <u>$300,000  </u>    <u>$330,000</u>

Cost of goods sold                   <u>$1,240,000</u>   <u>$1,770,000</u>    <u>$1,190,000</u>

8 0
2 years ago
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