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skelet666 [1.2K]

3 years ago

15

Montana Company was authorized to issue 150,000 shares of common stock. The company had issued 69,000 shares of stock when it pu

rchased 11,000 shares of treasury stock. The number of outstanding shares of common stock was:

1 answer:

chubhunter [2.5K]3 years ago

6 0

Answer:

a

Explanation:

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What is a minimum balance when it comes to account requirement?

drek231 [11]

The minimum amount of money you may have in an account for said account to be, and stay opened.

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3 years ago

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On April 1, Garcia Publishing Company received $24,480 from Otisco, Inc. for 36-month subscriptions to several different magazin

Aleks [24]

Answer: Debit Unearned fees $6,120, Credit Fees income $6,120.

Explanation: Garcia Publishing received $24,480 from Otisco on April 1 and this was recorded as unearned fees. This means Garcia would have debited cash with $24,480 and credited unearned fees $24,480. Remember the fees was paid at the beginning of April and is for 36-month subscriptions. So, the amount in unearned fees would be unwound to income (fees) over the tenor of the subscription (36 months). Therefore, monthly amortization would be $24,480 divided by 36 months = $680. April 1 to December 31 is 9 months, $680 multiplied by 9 months is $6,120.

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4 years ago

Whitch economic indicators most strongly suggest that an economy is experiencing the contraction phase of a business cycle. Answ

aliina [53]

Answer: D. Unemployment rates are rising while GDP is falling.

Explanation:

A rising Gross Domestic Product (GDP) and a low unemployment rate are signs that an economy is doing well because it shows that the economy is growing and people have jobs that can give them access to income to spend in the economy.

If Unemployment starts rising therefore and GDP is falling, the economy is not growing but is rather contracting. People increasingly do not have access to income to spend on goods and services and companies are not hiring people because they are unable to sell as much goods and services.

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3 years ago

Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound.

Lerok [7]

Answer:

Total Material Variance = $2,400 Unfavorable

Explanation:

Total Materials Variance = Standard Cost - Actual Cost

Here, standard cost = Standard Quantity $\times$ Standard Rate

Standard quantity for actual output = 5,400

Standard Rate = $2.00 per pound

Standard Cost = 5,400 $\times$ $2.00 = $10,800

Actual Cost = Actual Quantity $\times$ Actual Rate

= 6,000 $\times$ $2.20 = $13,200

Total Material Variance = $10,800 - $13,200 = - $2,400 Unfavorable

Since the value is negative the variance is unfavorable, as actual cost is more than standard cost.

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4 years ago

Wilson Corporation sells an industrial solvent at a normal selling price of $100 per barrel. The variable cost per barrel is $40

Ivenika [448]

Answer:

$ 90000

Explanation:

Given :

The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.

The variable cost per barrel = $ 40

Total fixed cost of the company = $ 900,000 per month.

Number of barrels in excess = 30,000 per month

Number of barrels the buyer wants to buy = 5000 barrels

New fixed cost = $ 60,000

The increased variable cost is $ 10 per barrel over the normal variable cost.

Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.

8 0

3 years ago