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viktelen [127]
3 years ago
11

When a corporation purchases treasury stock, the acquisition:

Business
1 answer:
goldenfox [79]3 years ago
8 0

Answer:

A. decreases the company’s total assets and total stockholders' equity.

Explanation:

The journal​ entry will be: Treasury stock (Debit - Increased) 6,000 and Cash (Credit - Decreased) 6,000.

Treasury stock is a contra equity account that increases, decreasing Equity and Cash or another payment medium are assets that decrease, balancing the Accountable equation.

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As similar case studies, the cheyenne and the comanche are best depicted as examples of:
topjm [15]
The answer is <span>convergent adaptation
</span><span>convergent adaptation refers to a situation when individuals from different lineages  develop a similar feature for the purpose of survival. For the most part, this phenomenon is caused ecause both individuals are also exposed to similar external stimulus
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4 0
3 years ago
You are torn between two saving accounts where to put your $1,500 in scholarship money for a year until you need it for next yea
mrs_skeptik [129]

Answer:

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

Explanation:

The two options can be expressed as shown;

Option 1: Bank Wan

A=P(1+r/n)^nt

where;

A=Total amount after a given time

P=Initial deposit

r-Annual interest rate

n=number of times the interest is compounded annually

t=number of years of the investment

In our case;

P=$1,500

r=2.5%=2.5/100=0.025

n=365 days

t=1 year

Replacing;

A=1,500(1+0.025/365)^(365×1)

A=1,500(1.02530

A=1,537.97

Total amount after a year=$1,537.97 for Bank Wan

Option 2: C-T Bank

P=$1,500

r=3%=3/100=0.03

n=2

t=1

Replacing;

A=1,500(1+0.03/2)^(2×1)

A=1,500(1.015)^2

A=1,545.3375

Total amount after a year=$1,545.3375 for C-T Bank

Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan

=(1,545.3375-1,537.97)=$7.3675

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

7 0
3 years ago
Company A sells paper coffee cups to all Caribou Coffee locations in the US. Company B sells dinner plates to Applebee’s. Compan
Vladimir79 [104]

Answer:

Company A and Company B

Determination of annual revenue:

a) The information needed to determine which company has higher annual revenue include:

i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.

ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.

b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.

Explanation:

Revenue is a function of price and quantity sold.  The price is unit selling price and the quantity depends on the period for which revenue is being computed.

Revenue is the earnings from the sale of goods and services.  The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.

3 0
4 years ago
Betsy loves to garden, and her rose garden is enjoyed by everyone in her neighborhood. Because her consumption of rosebushes pro
Semmy [17]

Answer:

Provide a Subsidy; Lower

Explanation:

5 0
2 years ago
Asteria earned a $25,500 salary as an employee in 2018. How much should her employer have withheld from her paycheck for FICA ta
Pachacha [2.7K]

Answer:

The correct answer for the following question is $1951.

Explanation:

FICA is know as Federal insurance contribution act, which is a federal law, that requires employer to withhold three distinct taxes from the wages of the employee. They're  -

1) A social security tax which is 6.2%

2) Medicare tax which is 1.45%

3) Medicare surface tax of .9%, which is to be paid by a person who has income over $200,000

As the Asteria income is $25,500, she will not pay the last medicare surface tax, but she will pay both social security tax and medicare tax.

Social security tax = $25,500 x 6.2%

= $1581

Medicare tax = $25,500 x 1.45%

= $370

So the total amount withheld from her - $1581 + $370

= $1951

3 0
4 years ago
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