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Lelu [443]
3 years ago
14

Testbank Multiple Choice Question 73 Sheffield Corp. issued 10200 shares of its $5 par value common stock having a fair value of

$25 per share and 14000 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $529000. How much of the proceeds would be allocated to the common stock
Business
1 answer:
Misha Larkins [42]3 years ago
3 0

Answer:

$222,967

Explanation:

Calculation of How much of the proceeds would be allocated to the common stock

First step

[(10,200 shares× $25 per share Fair value )÷

(10,200 shares × $25 per share Fair value+14,000 shares×$25 per share Fair value)]×$529,000

Second Step

($255,000÷$255,000+$350,000)× $529,000

Third step

($255,000÷$605,000)×$529,000

Fourth step

0.421487×529,000

=$222,967

Therefore the amount of the proceeds that would be allocated to the common stock will be $222,967.

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Answer:

The correct answer is letter "B": Beekeepers are paid for the pollination services their bees provide, thus internalizing the externality.

Explanation:

Internalizing the externality refers to transferring the obligation (costs) from a negative externality -pollution or congestion in traffic, for instance- from outside to inside. This can be achieved by imposing taxes, property rights, tolls, and subsidies from the state.

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4 years ago
As families move through the assessment and evaluation processes, do not change a child's care care routine curriculum.
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<u>FALSE.</u>

As families move through the assessment or evaluation processes, adjust the child’s routine curriculum as new information emerges, and be willing to share your expertise.

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3 0
1 year ago
Utica Company has offered to supply Kingston's entire annual requirements of the part for $53 each. If Kingston buys the part fr
miss Akunina [59]

Answer:

$480,000

Explanation:

Calculation to determine what total relevant costs to make the part internally are

First step is to calculate Relevant cost per unit:

Relevant cost per unit:

Direct materials $6

Direct labor $24

Variable manufacturing overhead $12

Fixed manufacturing overhead ($15 × 0.40) $6

Relevant manufacturing cost $48

Now let determine the Total relevant costs to make the part internally

Total relevant costs to take the part internally=($48 × 10,000)

Total relevant costs to make the part internally = $480,000

Therefore total relevant costs to make the part internally are $480,000

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3 years ago
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Answer:

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3 years ago
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