Answer:
Company A
The cost assigned to Ending Inventory under periodic inventory system and based on the weighted average method is:
= $465
Explanation:
a) Data and Calculations:
Units Unit Cost Total Costs
Beginning inventory on January 1 320 $ 3.00 $960 (320 * $3.00)
Purchase on January 9 80 3.20 256 (80 * $3.20)
Purchase on January 25 100 3.34 334 (100 * $3.34)
Total 500 $3.10 $1,550 ($1,550/500)
Units sold -350 $3.10 -$1,085 (350 * $3.10)
Ending inventory 150 $3.10 $465 (130 * $3.10)
Sally works for Timber Products, Inc. The basis for her contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for her loss of income on retirement is her annual wage base.
Answer: Option B
<u>Explanation:</u>
The contribution that Sally, who is working for Timber Products incorporation, has to make for federal insurance contribution act is based on the amount of wage that Sally gets on an annual basis or the wage that she gets in a year.
A part of that wage which is a particular percentage is paid to the federal insurance contribution act who is going to benefit her in case she incurs any kind of loss of income.
Answer:
Debit Treasury stock for $3,600
Credit Cash also for $3,600
Explanation:
A share repurchase which is also known as a share buyback refers to an act of buying back by a company of its own shares from the market.
A share repurchase is another flexible way thrrough which a company returns money back to shareholders.
The repurchase of California Surf Clothing Company can be recorded as follows:
<u>Account Name Dr ($) Cr ($) </u>
Treasury stock (w.1) 3,600
Cash 3,600
<em><u>(To record 100 shares repurchase at $36 per share.) </u></em>
Working
w.1: Treasury stock = Number of shares repurchase * Cost per share = 100 * $36 = $3,600
<span>In the first hundred days of his presidency, FDR knew that he would have to provide relief to the U.S. citizens, create jobs and stimulate the economy. His first step was to bring back the peoples confidence in banks. Next, he had to help local relief agencies. He convinced congress to establish the Federal Emergency Relief Agency which sent funds to agencies. The FERA put money into public work programs to support people who were out of work. FDR also established the Civilian Conservation Corps which help put men to work on cleaning up national parks.</span>
Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run.
