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prisoha [69]
3 years ago
9

On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding:• Common stock, no par,

$1 stated value, 5,000 shares originally issued at $15 per share.• Preferred stock, $10 par value, 1,500 shares originally issued for $25 per share.Hyde's September 1, 2017 statement of stockholders' equity should reportHow much is -Common stock - Preferred stock -Additional Paid-in capital
Business
1 answer:
Pavel [41]3 years ago
3 0

Answer:

Common Stock                                  5,000

Additional paid-in Common stock  70,000

Preferred Stock                                15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

<u>Common stock</u>

5,000 issued shares x $ 1 par value = 5,000

<u>Additional paid-in</u>

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

<u>Preferred stock</u>

1,500 issued shares x $ 10 par value = 15,000

<u>Additional paid-on</u>

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

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Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

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The term discount is known to be an act or process where a price of product or services are  reduced prices to a price lower than the exact sum of that item.

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2 years ago
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and s
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Answer:

Smart Stream Inc.

a) Total costs:

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Direct labor = $250,000 ($25 x 10,000)

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Total variable costs = $2,400,000 ($240 x 10,000)

Fixed Costs:

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Explanation:

The total cost method includes all the costs in arriving at the unit cost before adding the desired profit to arrive at the selling price of a product.

Total costs include the cost of goods sold and the expenses incurred in running the business for the period.

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From this item it can be identified that,
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