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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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For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu

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Answer:

Can be no lower than its world beta

Explanation:

For most countries and most firms, the domestic country beta can be no lower than its world beta.

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3 years ago

On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the min

cestrela7 [59]

Answer:

If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.

I looked for a similar question in order to find the missing numbers:

each trencher is sold at $3,600 and costs $2,000

August 10, 2019, 16 mini trenchers sold to farm co-op

Dr Accounts receivable 57,600

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3 years ago

An investor is deciding between two projects, both of which have an initial cost of £5,000. One project will return £10,000 in t

snow_lady [41]

Answer:

The answer is: The net present value of the investments

Explanation:

The net present value calculates the current monetary value of a project's future cash flows, using a discount rate. You must remember that $1 today is worth more $1 in the future.

When deciding what projects should be financed, an investor will always look for projects with a NPV ≥ 0, and if he has to decide between two projects, the he will probably choose the project with the highest NPV.

The easiest way to calculate the net present value is to use an excel spreadsheet and the NPV function:

=NPV(rate,value 1, value 2,... value n)

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3 years ago

Amanda owns a home with a $400,000 replacement value. This January, a snowstorm causes $75,000 in damages to the home. Amanda ha

IrinaK [193]

Answer:

Insurer will pay to Amanda $69312.50

Explanation:

As we know that Amanda home replacement value which means the (Property value) is $400,000 and Amanda carries a coverage of amount $300,000 which is her policy limit. Her policy has 80% of coinsurance and snow storm causes a damage of amount $75,000. She has the $1,000 deductible in her policy.

80% of the 400,000 = 320,000

Amanda should have $320,000 but carries the insurance coverage $300,000

So she will get 300,000/320,000= 0.9375

In this scenario as the damage amount is $75,000 she will get $75,000 x 0.9375 which is equal to $70,312.50

Since the deductible amount of her policy is $ 1000 Which will therefore be deducted

Hence $70312.50 - $1000 = $69312.50

Amanda will get $69312.50

7 0

3 years ago

Retail Division $155,800 $550,000 Commercial Division 134,000 330,000 Internet Division 146,400 540,000 Assume that management h

Karolina [17]

The Residual Income for each division:

Retail Division = $4,95,000

Commercial Division = $2,97,000

Internet Division = $4,86,000

Retail Division Commercial Division Internet Division

A. Operating Income $155,800 $134,000 $146,400

B. Minimum acceptable operating income as a % of invested assets:

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(Invested assets x 10%) = $55,000 $33,000 $54,000

C = A - B Residual Income =$4,95,000 $2,97,000 $4,86,000

<h3>What is Residual Income?</h3>

Residual Income refers to a calculation that provides the amount of money leftover that a company or individual has after all expenses have been paid. The amount of money that is left over after all expenses are covered is typically referred to as residual income, profit, net income, or earnings.

One specific type of meaning for residual income is similar to the terms passive income or residual pay—in that it can represent income earned on a continual basis, not tied to specific amounts of time, and not requiring active work to generate.

Learn more about Residual Income on:

brainly.com/question/22985922

#SPJ4

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2 years ago