Answer and Explanation:
The journal entries are given below:
On May 4
Accounts Payable $690
To Cash $690
(Being cash paid is recorded)
On May 7
Accounts receivables $6,690
To Service revenue $6,690
(Being service revenue is recorded)
On May 8
Supplies $830
To Accounts Payable $830
(Being supplies purchased on account)
On May 9
Equipment $1,620
To Cash $1,620
(Being cash paid is recorded)
On May 17
Salaries expense $520
To Cash $520
(Being cash paid is recorded)
On May 22
Repair expense $870
To Accounts payable $870
(Being repair expense is recorded)
On May 29
Prepaid Insurance $1,230
To Cash $1,230
(being cash paid is recorded)
Answer:
The preferred shareholders will be allocated a dividend of $131040 and the common shareholders will be allocated a dividend of $56960.
Explanation:
Total dividend declared =$188000
the allocation of dividends:
Preferred shareholders = (12000×14%)×$ 78
= $ 131040
Common shareholders = Total dividends - preferred shareholders dividend
= $ 188000 - $ 131040
= $ 56960
Therefore, the common shareholders will be allocated dividends of $ 56960 and the preferred shareholders will be allocated dividends of $ 131040.
Answer:
a. $840
b. $140
Explanation:
a. The calculation of the average price per season ticket is shown below:-
Average price per season ticket = Total price of season tickets ÷ Sitting capacity
= $93,660,000 ÷ 111,500
= $840
b. The calculation of average price per individual game ticket sold is shown below:-
Average price per individual game ticket sold = Average price per season ticket ÷ Six home games
= $840 ÷ 6
= $140
Therefore we simply applied the above formula for computing the average price per season ticket and average price per individual game ticket sold.
Answer:
NPV= 5,493.79
Explanation:
<u>To calculate the net present value (NPV), we need to use the following formula:</u>
NPV= -Io + ∑[Cf/(1+i)^n]
Cf1= 18,708 / 1.09= 17,163.30
Cf2= 21,200 / 1.09^2= 17,843.62
Cf3= 17,800 / 1.09^3= 13,744.87
∑[Cf/(1+i)^n]= $48,751.79
NPV= -43,258 + 48,751.79
NPV= $5,493.79
Answer:
There are 52 dollars increase on marginal cost when production rises
There are 58000 dollars increase on total cost when production rises
Explanation:
Please find attached word file with the calculations.