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3 years ago

Farm and Supply reissued 100 shares of treasury stock at $20 that had been reacquired for $15 per share. What is the entry?

1 answer:

4 0

The correct answer is A. Debit cash $2000, credit Treasury stock common $1500, Credit paid in capital from Treasury stock $500.

To get the Debit cash we take the number of shares and multiply with treasury stock which is 100 × $20 = $2000.

To get the credit treasury stock we get the reused number of shares and multiply with the reacquired stock which is

100 × $15 = $1500.

To get the paid in capital from treasury we take the debit cash we take away the credit treasury which is,

$2000 - $1500 = $500.

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Define office .Explain its importance

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Therefore, An office is an important part of the organization in which different administrative and clerical functions are performed to achieve the objective of the organization. It has given importance to a functional area of business rather than a specific place. ... The office is the brain of an organization.

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3 years ago

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Answer:

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3 years ago

Siva, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B)

Digiron [165]

Answer:

The payback period for Silva Inc. is 3 years. If considering only this method of evaluating projects, Silva Inc will invest in project A and dismiss project B.

Payback period A=2,1539 years.

Payback period B= 3,0042 years

Explanation:

The payback period refers to the amount of time it takes to recover the cost of an investment. The payback period is the length of time an investment reaches a breakeven point.

Cash Flow A:

I0= - 70.000

1= 28000 = -42000

2= 38000 = -4000

3= 26000 = 22000

Payback period= full years until recovery +

unrecovered cost beginning year/Cashflow during year

Payback period A= 2 + (4000/26000)= 2,1539 years.

Cash Flow B:

I0= -80000

1= 20000 = -60000

2= 23000 = -37000

3= 36000 = -1000

4= 240000 = 239000

Payback period B= 3 + 1000/240000= 3,0042 years

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4 years ago

The Whistling Straits Corporation needs to raise $91 million to finance its expansion into new markets. The company will sell ne

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Answer:

The Whistling Straits Corporation needs 1,498,000 shares to be sold to raise $91 million.

Explanation:

Total Finance Needed = $91,000,000

Offer price per share = $65 per share

Charges of underwriter = 7%

Total Number of shares needed to be sold = ( $91,000,000 / $65 ) x 107%

Total Number of shares needed to be sold = 1,400,000 x 107%

Total Number of shares needed to be sold = 1,498,000 shares

The Whistling Straits Corporation needs 1,498,000 shares to raise $91 million.

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3 years ago

Identify the process type of a product-process matrix in which all products follow the same sequence, standard materials and met

Dafna11 [192]

Answer:

The correct answer is Repetitive process.

Explanation:

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4 years ago