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lbvjy [14]
4 years ago
15

Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the acc

ounting equation includes a(n) ______. (
Business
1 answer:
Nitella [24]4 years ago
4 0

Answer:

Explanation:

Since in the question the shares are repurchased which impact the accounting equation in a negative manner

Accounting equation would be

Total assets = Total liabilities + Stockholder equity

The assets are decreased as it reduces the balance of cash account as well as it reduced the stockholder equity also by the same amount

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The bonds issued by United Corp. bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000
pishuonlain [190]

Answer: 6.40%

Explanation:

Use Excel to calculate this by the formula;

= RATE(Nper,Pmt,-Pv,Fv)

Nper is number of periods = 20 * 2 = 40 semi annual periods

Pmt is the payment = $6%/2 * 1,000 = $30

Pv is the present value = $955

Fv is future value or face value = $1,000

= RATE (40,60,-955,1000)

= 3.20% * 2 (because this is a semi annual rate)

= 6.40%

8 0
3 years ago
Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion co
Studentka2010 [4]

Answer: 60%

Explanation:

Find the ending work in process.

Materials are complete at inception so the Equivalent units of Materials represent the total units.

Ending WIP will therefore be:

= Materials EUP - Units started and completed

= 5,000 - 3,500

= 1,500 units

Stage of completion is based on Conversion.

Conversion EUP = Total started and completed + (x% * Closing WIP)

4,400 = 3,500 + (x% * 1,500)

4,400 = 3,500 + 15x

15x = 4,400 - 3,500

15x = 900

x = 900/15

x = 60%

<em>Conversion is 60% complete so this is the stage of completion. </em>

7 0
3 years ago
By linking a Google My Business account with a Google Ads account, you're able to create location extensions. Which information
AleksandrR [38]

Answer:

They display:

  • phone number
  • business address;
  • a map marker along with the business owner's ad text.

Explanation:

Location extensions give the opportunity a business owners to display the following:

  • phone number
  • business address;
  • a map marker along with the business owner's ad text.

Location extensions are of two types:

1. Google Ads location extensions also give the opportunity to display phone number, business address; and a map marker along with the business owner's ad text.

2. Affiliate location extensions make it easy to discover a retail chains outlet that is nearby selling what you want to buy. The purpose is to serve the owners of retail chains outlets who want customers who are making decisions on what and where to buy commodities to find their outlets.

3 0
3 years ago
In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by accep
kipiarov [429]
Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS <span>to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. </span>
7 0
4 years ago
Which of the following is an example of an employee contribution retirement plan
tekilochka [14]

Answer:

401 retairement plan

Explanation:

A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.

8 0
3 years ago
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