Answer:
The question is not complete as the before information is missing:
Journalize the transactions and the closing entry for net income.
The journal showing the necessary entries in respect of share transactions that took place in the year as well as closing entry for net income are found in the attached spreadsheet.
Explanation:
Note that in determining the par value of the 5700 shares of treasury stock issued on the 14th April, reference is made to total par value of $52500 as well as total number of shares of 10500
Answer:
multidivisional structure
Explanation:
Multidivisional structure is a systematic division of an organizational structure where each divisions work autonomously to maintain it's own operations based on geographic locations, products or services and target customers . At the same time each of these divisions work together to achieve the mission of the organization at large.
Answer:
cost-plus regulation
Explanation:
Pricing regulation is the strategy the a government uses in controlling the price of commodities at the retail markets and other stages in the production process.
The cost-plus regulation of prices allows businesses the set prices on goods that will meet up with the cost of production of the good and also add a normal rate of profit.
In the given instance the firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer.
This is cost-plus regulation.
Answer:
1. 6 magazines
2. 3 magazines
3.Opportunity cost of a pie = $ 12
4. 2 pies
Explanation:
Weekly budget = $ 24
To be spent on pie and magazine
Pie price $ 12
Magazine price $ 4
Maximum number of magazine to buy = spend the whole amount on magazine
=24/4
i) 6 magazines.
ii) If she buys 1 pie at 12 she will be left with (24-12)=$12
Number of magazine to buy with these $12
=$12/4
= 3 magazines
iii) Opportunity cost of a pie = $ 12
iv) Maximum number of pies= whole amount spend on pie
=$24/12
=2 pies