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Alex73 [517]
3 years ago
11

ABC company issued 3000 shares of stock for $5 per share and issued 5000 shares for land valued at $10,000. How much cash did AB

C company receive from the issuing of stock.?
Business
1 answer:
stellarik [79]3 years ago
8 0

Answer:

The cash received by ABC company from the issuing of stock is $15,000.

Explanation:

It is given that ABC company issued 3000 shares of stock for $5 per share.

The cash received by ABC company from the issuing 3000 shares of stock is

Cash=3000\times \$5

Cash=\$15,000

It is also given that ABC company issued 5000 shares for land valued at $10,000. It means ABC company received land instead of cash. So, total cash received by ABC company from the issuing of stock is $15000

Therefore, the cash received by ABC company from the issuing of stock is $15,000.

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Use this information for ABC Corporation to answer the question that follow. ABC Corporation has three service departments with
serg [7]

Answer: See explanation

Explanation:

The question is:

1. What is the service department charge rate for Graphics Production?

a.$10.00

b.$2.00

c.$0.50

d.$6.66

The service department charge for Graphics Production will be calculated by dividing the cost of graphic production by the total number of copies that are made. This will be:

= $200000/(20000 + 30000 + 50000)

= $200,000 / 100,000

= $2 per copy

2. How much service department cost will be allocated to the Micro Division?

a.$200,000

b.$145,000

c.$345,000

d.$60,000

The service department cost that is allocated to the Micro Division will be calculated as:

= [20000 x ($200000/100000)] + [700 x ($500000/2000)] + [130 x ($400000/400)]

= (20000 × 2) + (700 × 250) + (130 × 1000)

= $40000 + $175000 + $130000

= $345000

7 0
3 years ago
3.
marin [14]

Answer:

The Standard course duration is the normal duration of the course for a full-time student.

advantages =Standard Costing is used to minimize costs, improve quality, and increase efficiency. It also enables managers to compare actual results with expected results

disadvantage =Standard costs are usually associated with a manufacturing company's costs of direct material, direct labor, and manufacturing overhead. The disadvantages include that implementing a standard costing system can be time consuming, labor intensive, and expensive.

8 0
2 years ago
Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate
Mice21 [21]

Answer:

The slope of the CML = (13% - 7%)/25% = 0.24

Explanation:

Given that:

expected rate of return of 17%

standard deviation of 27%.

The T-bill rate is 7%.

You estimate that a passive portfolio invested to mimic the S&P 500 stock index yields an expected rate of return of 13% with a standard deviation of 25%.

The slope of the CML is

Slope of the CML = (Expected return of Market - Risk free return)/Standard deviation of market

The slope of the CML = (13% - 7%)/25% = 0.24

= (0.13 - 0.07) /0.25

= 0.24

8 0
3 years ago
Which of the following correctly describes globalization
kondor19780726 [428]

what is your question ??

I think u have missed some parts here in the question ..

5 0
2 years ago
Which of the following statements about mentors is true?
lesya [120]

Mentors are an excellent way to learn on the job- this statement about mentors is true.

Option: A

Explanation:

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That field expert monitors his group which consists of 7-8 persons at a time. Expert assign work to the trainees for daily basis, supervise them, advice them and train them to be a perfect employee of that company.

5 0
3 years ago
Read 2 more answers
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