Answer:
c. Treasury stock for the purchase price
Explanation:
At purchase Treasury Stock will be debited by the amount of the purchase
And cash credited by the same amount
Then, when selling this Stock a difference in price betwene the sales price and the purchase price will be adjusted using additional paid-in treasury stock. But this accounts is not used when the purchase is made, neither common stock.
I must say im going with the letter B correct me if im wrong
Answer:
Revised balance = $8000
Explanation:
Milo Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 150 comma 000, and management estimates 4% will be uncollectible.
Milo Company's balance of Allowance for Uncollectible Accounts after adjustments, was $ 5 comma 000.
The following year, Milo Company wrote off $ 3 comma 000 of old receivables as uncollectible.
The Allowance account balance now will be:
Amount of Uncollectible Accounts for the year = 4% x $150,000 = $6000
Previous balance is $5,000 less amount written off $3000 = $2000
Revised balance = $6,000 + $2000 which is $8000
Answer:
The correct answer is option A.
Explanation:
The constant returns to scale refer to the situation when a proportionate change in the input causes an equal proportionate change in the output level.
In this situation, the average total cost which is the ratio of the total cost of production and quantity of output produced remains the same.
The average total cost curve is a horizontal line when the firm experiences constant returns to scale.
900.00 is the answer if you mean the cost for all