Answer:The Company needs to sell 1.11 million shares.
Explanation:
Since 8% shares are already taken b underwriters, the Compay needs to sell 92% of shares. So 92% of total amount (65.4 million) is $ 60.168 million. We will divide the amount by price per share of $54 to get amount of shares needed to be sold. So after dividing is $ 60.168 million by $54, we get 1.11 million shares which is the answere.
Answer:
the amount of income that should be reported is $415,000
Explanation:
The computation of the amount of income that should be reported is shown below:
= Jazz separate operations income + laker net income
= $330,000 + $85,000
= $415,000
hence, the amount of income that should be reported is $415,000
Simply used the above formula to determine the consolidated income
Answer:
Option (d) is correct.
Explanation:
Materials cost = $310
Labor cost = Labor hours × Wages per hour
= 20 hours × $11
= $220
Overhead cost = Overhead for each employee hour × Labor hours
= $17 × 20 hours
= $340
Total cost = Materials cost + Labor cost + Overhead cost
= $310 + $220 + $340
= $870
Hence, correct answer is $870.
Answer:
Capital account
Explanation:
The post-closing trial balance is the trial balance that is prepared after recording the closing entries so that the post-closing trial balance could be prepared and plus it would also match the debit sections with the credit sections so that the financial statements presents the fair view to the users of the accounting
And, while preparing the post-closing trial balance, the capital account always appears in the last
Answer:
C. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence
Explanation:
Spencer will win the lawsuit and Sally is liable for negligence.
This is because, Sally was the person originally hired to do the roofing job.
She hired other workers to help her with the job, so she's liable to their actions and inactions.
Sally is operating under a working agreement (contract) and has already charged a fee of $10,000 so any punitive damages would be her responsibility.
Spencer was moving around and Glen threw some roofing shingles without any word of warning to people that might be in harm's way. So for Glenn's actions, Sally is liable for his negligence.