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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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Assume the perpetual inventory; system is used unless stated otherwise. Round all numbers to the nearest whole dollar unless sta
Bingel [31]

Answer: Check attachment

Explanation:

In the attachment, note that:

On July 14:

Account payable was calculated as:

= $4400 - $300

= $4100

Merchandise Inventory = $4100 × 2%

= $4100 × 2/100

= $4100 × 0.02

= $82

Cash = $4100 - $82 = $4018.

Check attachment for further explanation.

7 0
3 years ago
Today, your paint line must produce 4950 gallons of beige paint. Your four step manufacturing process has the following scrap ra
Eddi Din [679]

Answer:

For paint line to must produce the 4950 gallons of beige paint, it needs total of 5174.1 Kg. It accounts for the factors which are mentioned in the question . Explanation for this is attached in the image.

Explanation:

Explanation is in the attached image.

7 0
3 years ago
Bain Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpe
pochemuha

<u>Solution and Explanation:</u>

<u>Part a: </u>                                                                            

Revenue  5000 multiply 6.6   33000            

Unit Level Variable Cost:        

Material Cost  5000 multiply 2.7   -13500    

Labor Cost  5000 multiply 1.2   -6000    

Manufacturing Cost  5000 multiply 1.2   -6000    

Shipping and Handling  5000 multiply 0.3   -1500    

Sales Commission    0    

Contribution Margin    6000            

Should be accepted as it will increase profitability by $6000          

Part b1&b2:                                 Cost to Make  Cost to Buy          

Material Cost                40000*2.7  108000      

Labor Cost                40000*1.2  48000      

Manufacturing Cost  40000*1.2  48000      

Prod Supervisor Salary             72000      

Purchase Cost  40000*6.72               0  268800          

Total Cost                               276000  268800          

Should purchase from outside as cost is lower than making it      

Part b3:        

                                          Cost to Make  Cost to Buy            

Material Cost  60000 multiply 2.7     162000      

Labor Cost  60000 multiply1.2             72000      

Manufacturing Cost  60000*1.2  72000      

Prod Supervisor Salary             72000        72000    

Purchase Cost  60000*6.72              0           403200            

Total Cost                             378000        475200            

Should make in house as cost is lower            

Part c:  It should not be eliminated.              

Elimination will decrease profitability by $72000 which is being allocated company wide facility exp.  Before Allocation, actual profit is (168000-24000-72000)=$72000    

Loss is because of allocation of facility expenese, which will be allocated on other segment.

 

5 0
3 years ago
A competitive market produces the economically efficient outcome if the following conditions are met, except Multiple Choice
jarptica [38.1K]

Answer:

The correct answer is (a)

Explanation:

In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.

Marginal cost = Marginal revenue

5 0
3 years ago
20 POINTS please answer quick!
Montano1993 [528]

Answer:

hyejh466u35j736

Explanation:

hye3j74j46j7k7 y4j7jhynejvijijjufrvjuejvhybtybt3nutgbtygnbuynnnveutbnvrnvrwjmuecyvbrtevmirwubtyvntgiru0ebvthbyghbygnbnbnvruhvtyhgguru8ht

6 0
3 years ago
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