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Lelechka [254]
3 years ago
5

In 2018, Borland Semiconductors entered into the transactions described below. In 2015, Borland had issued 180 million shares of

its $1 par common stock at $32 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:
(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
1. On January 2, 2018, Borland reacquired 10 million shares at $30.50 per share.
2. On March 3, 2018, Borland reacquired 10 million shares at $34 per share.
3. On August 13, 2018, Borland sold 1 million shares at $40 per share.
4. On December 15, 2018, Borland sold 2 million shares at $34 per share.

Business
1 answer:
Art [367]3 years ago
4 0
Which sequence isn’t a geometric progression?

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Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The avera
Lilit [14]

Answer:

Average inventory= $41,750

Explanation:

Giving the following information:

Beginning Inventory= $37,200

Ending Inventory= $46,300

<u>To calculate the average inventory, we need to use the following formula:</u>

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (37,200 + 46,300) / 2

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3 years ago
Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi
Serga [27]

Solution :

It is given that Fizzo and Pop Hop sells orange soda. Fizzo advertises about his drinks while Pop Hop does not advertises.

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-- If Fizzo does not advertise, it will earn profit of about 2 million dollar if Pop Hop advertises and 9 million dollar if Pop Hop does not advertises.

-- When Pop Hop wished to advertise , Fizzo will make a higher profit if he chooses to advertise.

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And if both the firms acts independently and they start off not advertising, then --- both firms will advertise as both of them will earn highest profits each.

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3 0
3 years ago
Adam’s Computer Shop had the following transactions last week. Record the general journal below.
Setler [38]

Answer:

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

Oct 9

Dr Accounts Payable $620

Cr Cash $620

Explanation:

Preparation of the journal entries

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

($2,500-$900)

Oct 9

Dr Accounts Payable $620

Cr Cash $620

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The answer is a Mortgage Calculator.
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