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natulia [17]
2 years ago
6

In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo

yees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 15% discount. During March, employees purchased 50,000 shares at a time when the market price of the shares on the New York Stock Exchange was $12 per share. Required: Prepare the appropriate journal entry to record the March purchases of shares under the employee share purchase plan.
Business
1 answer:
svetoff [14.1K]2 years ago
7 0

Answer:

The appropriate journal entry to record the March purchases of shares under the employee share purchase plan are as follows:

Debit: Cash ($12 × 85%) × $50,000 = $510,000

Debit: Compensation Expense ($12 × 8%) × $50,000 = $90,000

Credit: Common Stock = $50,000

Paid in Capital – Excess of Par ($50,000 × $11) = $550,000

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ohaa [14]

Answer:

$48 million

Explanation:

In this scenario, we compare the values between book value including goodwill and the fair value of machinery, the difference would be the loss on impairment of the asset

In mathematically,  

= Book value including goodwill - fair value  

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

6 0
3 years ago
The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive fi
Georgia [21]

Monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

<h3>What is a monopoly?</h3>
  • A monopoly occurs when there is a single seller in the market.
  • The monopoly case is considered the polar opposite of perfect competition in conventional economic theory.
  • The demand curve facing the monopolist is, by definition, the industry demand curve, which is downward sloping.
<h3>What is oligopoly?</h3>
  • Oligopolistic markets are characterized by a small number of suppliers.
  • They can be found in all nations and in a wide range of industries.
  • Some oligopoly markets are very competitive, whereas others are substantially less so, or appear to be.

Monopolistically competitive enterprises, unlike monopolies and oligopolies, cannot influence market prices only through their size.

Therefore, monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

Know more about monopoly here:

brainly.com/question/13113415

#SPJ4

Correct question:

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive firms.

(A) cannot influence the market price by virtue of their size alone.

(B) are price takers.

(C) do not have a price as a decision variable.

(D) benefit from barriers to entry.

7 0
1 year ago
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distri
marissa [1.9K]

Answer:

$60

Explanation:

An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is

The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.

However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60

3 0
3 years ago
According to John Firman, the research director for the International Association of Chiefs of Police (IACP), the most common re
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Answer:10;5.

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3 years ago
Livingston Fabrication has created the following aggregate plan for the next 5 months (see PDF): Assume that Livingston will hav
Andreyy89

Answer:

Explanation:

worker's production rate = 60/3 = 20units per hour

monthly capacity 160 x 20 = 3200 units.

capacity needed to produce 2000000 units

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= 625

therefore, since they already have 500 workers, they need to hire 125 more workers.

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c) Average inventory in each of the months has been listed in the attachment below.

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