Answer:
When shares are repurchased, they are recorded at the cost price in the books which means that they will be recorded at:
= 100 * 40
= $4,000
Cash will then be credited because assets are credited when they reduce.
Treasury stock will be debited to show that Equity is reducing.
Date Account Title Debit Credit
June, 30 Treasury Stock $4,000
Cash $4,000
Answer:
The two types of market structure, monopoly, and monopolistic competition, generate essentially the same two types of market inefficiency:
Charging prices higher than marginal cost, meaning that consumers pay a higher price than they would otherwise in a perfectly competitive market.
Producing a smaller amount of output that in a perfectly competitive market.
The difference is in the degree of the inefficiency: monopolies are more market inefficient, and cause more harm to consumers, while monopolistic competition is a less inefficient market structure, and only causes marginal harm to consumers when compared to the hypothetical results of a perfectly competitive market structure.
Answer:
Weeks supply = 10.70 million (Approx)
Explanation:
Given:
Last year, cost of goods sold = $7,537.53 million
Last year Inventory = $1,551.55 million
Computation:
Average cost of sold good on week basis = Cost of goods sold / Total number of weeks
Average cost of sold good on week basis = $7,537.53 million / 52
Average cost of sold good on week basis = 144.96 million
Computation of weeks supply:
Weeks supply = Last year Inventory / Average cost of sold good on week basis
Weeks supply = $1,551.55 million / 144.96 million
Weeks supply = 10.70 million (Approx)
That sucks hopefully she feels better