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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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Employees expect their managers to practice management by,

Triss [41]

Answer:

informal teams

Explanation:

that way the job can be a little fun and not to serious.

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3 years ago

Read 2 more answers

Cheryl is considering adding a rack of greeting cards to her product offerings at The Bitty Bookstore. Her fixed costs associate

MrRa [10]

Answer:

B. 200

Explanation:

At Break even point:

Total costs= Total revenue

In the given question

Total costs=Total variable costs+total fixed costs

=$1 *number of cards to be sold+$400

Total revenue=$3*number of cards to be sold

$1 *number of cards to be sold+$400=$3*number of cards to be sold

$3*number of cards to be sold-$1 *number of cards to be sold=$400

$2*number of cards to be sold-=$400

Number of units to be sold=$400/$2=200

So based on the above calculations, the answer shall be B. 200

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3 years ago

You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate r1, and

Scilla [17]

Answer:

1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have

effective interest rate = 1.08 = (1 + r)¹²

r = 0.643403% per month

future value = $500,000 x (1.0643403)³⁶ = $629,856

2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have

effective interest rate = 1.05 = (1 + r)³⁶⁵

r = 0.013368061% per day

future value = $500,000 x (1.00013368061)¹⁰⁹⁵ = $578,812.50

3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have

future value = $500,000 x e⁰°⁰⁹ = $547,087.14

4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=

$629,856 = $500,000 x (1 + i)¹⁰⁹⁵

(1 + i)¹⁰⁹⁵ = 1.259712

1 + i = 1.000210874

i = 0.000210874 = 0.0210874% per day or 7.7% annual

5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is

$500,000 x (1 + i)³⁶ = $547,087.14

(1 + i)³⁶ = 1.09417428

i = 0.2503128 per month = 3.05% annual

8 0

2 years ago

Helmers Corporation manufactures a single product. Variable costing net operating income last year was $103,000 and this year wa

Romashka [77]

Answer:

$64,600

Explanation:

Given that

Variable costing net operating income last year = $1,03,000

Fixed manufacturing overhead costs = $38,400

The computation of net operating income is as shown below:-

= Variable cost - Overhead cost

= $1,03,000 - $38,400

= $64,600

So, from the above calculation we simply deduct Variable cost from Overhead cost.

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3 years ago

Schumpeter's thesis of "creative destruction" is an explanation of economic progress resulting from: Select one:

Sauron [17]

Answer:

A. new product producers driving incumbent producers out of business.

Explanation:

Under Schumpeter's view, the concept of creative destruction, which he introduced in his work: capitalism, socialism and democracy, refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.

Schumpeter's view of creative destruction was positive, and he thought that it was an essential part of a market, capitalist system, because this system gives economic agents the incentive to innovate.

An classical example of creative destruction ocurred when Steve Jobs introduced the Iphone in 2007. His new product was so much more innovative and preferred, that it literally "destroyed" the market for blackberry and Nokia phones.

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3 years ago