Answer:
Multiple choices are as follows:
a) $333,000.
b) $407,000.
c) $74,000.
The correct option is A,$333,000
Explanation:
The stock dividend is to be valued at the market price at the date of declaration.
The declaration date is the date the company made known its intention to reward the stockholders with free stocks instead of a cash dividend,using the market price of stock at declaration date,the stock dividend is valued thus:
Stock dividend=number of stock dividend*market price
number of stock dividend is 37000 shares
market price is $9(market price at declaration date)
stock dividend=37,000*$9=$333,000
Answer:
$1,685
Explanation:
The computation of the average cost per unit is shown below:
= (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units + purchase inventory units )
= (10 units × $60 + 25 units × $65 + 30 units × $68 + 15 units × $75) ÷ (10 units + 25 units + 30 units + 15 units)
= ($600 + $1,625 + $2,040 + $1,125 ) ÷ (80 units)
= ($5,390 units) ÷ (80 units)
= $67.375 per unit
Now the ending inventory equals to
= Ending inventory units × average cost per unit)
= 25 units × $67.375 per unit
= $1,685
Answer:
$8,033
Explanation:
The premium tax credit is a refundable tax credit given to qualifying families or individuals that purchase health insurance through the Health Insurance Marketplace. In order to qualify for the premium tax credit a family or individual must have low or moderate income. The lower your income the larger the tax credit.
The tax credit is calculated using the cost of the silver plan available through the Health Insurance Marketplace and subtracting a percentage of the taxpayer's income.
The Rivers' premium tax credit = $9,800 - $1,767 = $8,033
The answer would be 7152. maybe hope it helps
