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Strike441 [17]
3 years ago
6

On July 1, Marin Inc. purchases 440 shares of its $5 par value common stock for the treasury at a cash price of $12 per share. J

ournalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Business
1 answer:
GrogVix [38]3 years ago
8 0

Answer:

Explanation:

The journal entry is shown below:

On July 1

Treasury stock A/c Dr $5,280

        To Cash A/c $5,280

(Being purchase of treasury stock for cash is recorded)

The computation is shown below:

= Number of shares purchased × cash price per share

= 440 shares × $12

= $5,280

All other information which is given is not relevant. Hence, ignored it

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Finding the required interest rate: Your parents will retire in 18 years. They currently have $250,000, and they think they will
Salsk061 [2.6K]

Answer:

i= 8% annual compunded

Explanation:

Giving the following information:

Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement.

We need to calculate the interest rate required to reach the $1 million goal in 18 years without any additional deposit.

FV= PV*(1+i)^n

Isolating i:

i= [(FV/PV)^(1/n)] - 1

i= [(1,00,000/250,000)^(1/18)] - 1= 0.08

i= 8% annual compunded

7 0
3 years ago
Suppose that Cheryl's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. Her only liabili
melamori03 [73]

Answer:

Cheryl's net worth is;

c). $5,000

Explanation:

The net worth is the value of an individual taking into account all the individual's assets and liabilities. It is a holistic view on the value of an individual. It is also used to estimate the value of a company, corporation and even countries. It is one of the standard measures used to gauge an entity's wealth. The net worth can be calculated by taking the difference between assets and liabilities. An asset is anything of economic value that is owned by an entity while a liability is anything of economic value that is owed.

The following formula can be used to estimate Cheryl's net worth;

N=A-L

where;

N=net worth

A=assets

L=liabilities

In our case;

N=unknown to be determine

A=Automobile+checking account

Automobile=$10,000 and checking account=$5,000

A=10,000+5,000=$15,000

L=student loan+car loan

student loan=$2,000

car loan=$8,000

L=2,000+8,000=$10,000

replacing;

N=15,000-10,000=$5,000

Cheryl's net worth=$5,000

4 0
3 years ago
In 2002, the National Opinion Research Center asked U.S. adult survey respondents to rate the importance of various life transit
Amanda [17]

Answer:

Option A was not mentioned in the research report. Which most people think is a good measure for setting adultry benchmarks. Almost most boys get sexually mature in the age between 15-17 whereas girls reach sexual maturity in the age range 14-16. In the nutshell saying being finished with high school is same to saying reaching sexual maturity so that's the reason the research report didn't asked this question.

5 0
3 years ago
Calculate the expected cost per stockout with the following information: Probability of a back order is 50%, lost sale is 25%, a
S_A_V [24]

Answer:

D) $66,325

Explanation:

the total costs associated with a stockout are:

  • probability of a back order 50% x cost of a back order $150 = $75
  • probability of a lost consumer 25% x cost of a lost consumer $250,000 = $62,500
  • lost gross margin = probability of a lost consumer 25% x $1,500 x 50 units x 20% = $3,750

total costs of a stockout = $75 + $62,500 + $3,750 = $66,325

6 0
3 years ago
Which of the following financing options has the least (future) obligation from the student?
ra1l [238]

Answer:

i'm not that good at this type of thing but i'll try:)

For the 1st one i believe the answer is scholarship

For the 2nd one i believe its either sending your payments in on time or having good credit

For the 3rd one i believe it is 48 month car loan

I am joyous to assist and hope i've been of some help :)

3 0
3 years ago
Read 2 more answers
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