Answer:
Wagner Enterprises and Stone Services
Disposal of old asset:
It could be that Stone Services exchanged its old asset with a new one with a company. In that situation, the debit goes to New Equipment, while the credit is to the old Equipment. Another reason could be that Stone Services sold the old asset on account. In this situation, the debit goes to the Accounts Receivable account, while the old asset is credited accordingly.
Explanation:
When a company disposes of an old asset, it credits the asset account and transfers the amount to the Sale of Asset account. The same is done for the accumulated depreciation, in reverse. When cash is realized from the disposal, the Sale of Asset account is credited, while Cash account is debited. Then, the difference in the Sale of Asset account will be a gain or a loss, depending on the net book value and the cash realized from the sale.
Answer:
Basic earning per share $0.21 per share
Explanation:
Basic Earning per share = ( Net Income - Preferred stock dividend ) / Weighted Average outstanding shares
Basic Earning per share = ( $200,000 - $50,000 ) / 700,000
Basic Earning per share = $150,000 / 700,000
Basic Earning per share = $0.2143 / share
Weighted average Outstanding shares = 500,000 + 200,000
Weighted average Outstanding shares = 700,000 shares
The World Trade Organization (WTO) is the global international organization that deals with trade rules between different nations. The World Bank handles all financial assitance with developing countries around the world. Though they both help different nations, one handles the trade between nations and the other handles financial monetary assets.
Answer:
$15 million
Explanation:
The three investors' total investments would add up to 100% or 1.
The first two invested in the ration of 2:3
It means ;
Investor 1: 2/5
Investor 2: 3/5
If investor 3 invested twice as investor 1 and 2, then we can deduce that he invested ( 2/5 + 3/5) x 2
the new denominator is 10, meaning
Investor 1 had 2/10,
investor 2 had 3/10
investor 3 had 5/10
If total investments were $30 million, then the highest investor invested
5/10 x $30million
=0.5 x $30 million
=$15 million
Answer:
-$5,500
Explanation:
The computation of the overall effect on the company net operating income is as follows:
New Variable cost per unit is
= $44 + $11
= $55
Now the new contribution margin per unit is
= $220 - $55
= $165
New unit Monthly sales is
= 7,000 units + 500 units
= 7,500
Now
New total contribution margin :
= 7,500 units × $165
= $1,237,500
And, the Current total contribution margin is
= 7,000 units × $176
= $1,232,000
So, the change would be
= $1,232,000 - $1,237,500
= -$5,500
