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zheka24 [161]
4 years ago
13

Monet, Inc. purchases 1,000 shares of its own previously issued $5 par common stock for $11,000. Assuming the shares are held in

the treasury, what effect does this transaction have on. (a) Net income select an option (b) Total assets select an option (c) Total paid-in capital select an option (d) Total stockholders’ equity select an option
Business
1 answer:
hram777 [196]4 years ago
8 0

Answer:

(a) none

(b) decrease by 11,000

(c) none

(d) decrease by 11,000

Explanation:

The journal entry to record the purchase of treasury stock will be as follow:

treasury stocks 11,000 debit

             cash                           11,000 credit

The treasury stock will be a contra-equity account. Will decrease the total stockholders equity by their cost.

Total assets decrease as cash is used to purchase the shares

It will not change the net income as none revenue or expense account is uded.

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Lisa Carson has the opportunity to receive $12,000 now or $15,000 in four years. If Lisa can earn 6 percent on her investments,
Tasya [4]

Answer:

$11881.4

Explanation:

Given :

Future value, FV = $15,000

Interest rate, r = 6%

Period, n = 4 years

Using the Present Value formula :

PV = FV(1 ÷ (1 + r)^n)

15000(1 ÷ (1 + r)^n)

15000(1 ÷ (1 + 0.06)^4)

15000(1 ÷ 1.06^4)

15000(1 ÷ 1.26247696)

15000(0.7920936)

= $11,881.4

3 0
3 years ago
Which of the following forms provides the broadest coverage under an employee theft coverage form?
Anvisha [2.4K]

Answer: (D) Blanket position

Explanation:

The blanket position is one of the type of form that helps in providing the broadcast coverage that covers all the employees in all type of position. It is also know as the blanket fidelity.

The main purpose of the blanket position bond is that for providing the employees theft coverage in the form of coverage securities, money and the properties.

The coverage is basically base on the different types of designed position and may also differ according to the different types of positions.      

 Therefore, Option (D) is correct.

8 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
mart [117]

Answer:

Explanation:

1. To find the cost per unit of production, first we find the total cost. So we multiply the unit of each factor used times its cost.

capital: 2*$10=$20

raw materials: 5*$4=$20

labour: 8*$3=$24

Total cost: $20+$20+$24=$64

Then we divide the total cost over the total units produced:

Cost per unit: $64/640=$0,1 Answer is B

2. If the cost per unit of raw materials increases from $4 to 8$. Then the total cost of production will be:

capital: 2*$10=$20

raw materials: 5*$8=$40

labour: 8*$3=$24

Total cost: $20+$40+$24=$84

To find how much the cost per unit will rise, to find how much it rises

64$→100%

$84←x

x=($84*100%)/$64=131.2%

131.2%-100=31.2%. The answer is B

3. Because there is a change in raw materials, then there would be changes in the supply demand.  In this case, the total cost and the cost per unit increased, then it is a negative shock to the supply demand. This is represented as a shift to the left. The answer is D

4 0
4 years ago
You have decided that you want to be a millionaire when you retire in 45 years.
avanturin [10]

Answer:

for rate 11.2  percent ,principal = 8419.47

for rate 5.6 percent , principal = 86123.90

Explanation:

given data

amount wish A = 1,000,000

time t = 45 year

rate r1  = 11.2 % = 0.112

rate r2 =  5.6 % = 0.056

to find out

how much do you have to invest today

solution

we know here amount formula that is

amount = Principal × ( 1+ r)^{t}   ..........................1

here r is rate and t is time so

for rate r1 principal amount is by equation 1 we get

amount = Principal × ( 1+ r)^{t}  

1,000,000 = Principal × ( 1+ 0.112)^{45}  

principal = 8419.47

and for rate r2 principal is from equation 1

amount = Principal × ( 1+ r)^{t}  

1,000,000 = Principal × ( 1+ 0.056)^{45}  

principal = 86123.90

8 0
3 years ago
The Meduri fruit company is using the brand asset valuator tool from Young & Rubicam. Meduri has surveyed a wide segment of
Vaselesa [24]

The correct answer to this open question is the following.

Although there are no options attached, we can comment on the following,

The dimensions of the company that are being used to arrive at that conclusion are the dimension of Marketing and the dimension of Strategy. The other two dimensions, Operations and Finances, are important two but are not really considered in the statement.

So it is positive that the Meduri fruit company is using a form of evaluation to find its place in the market and discover new opportunities that are being missed by some "corporative blindness." The brand asset valuator tool from Young & Rubicam is a recommended tool to find new things about your brand and see future possibilities, opportunities, and challenges. After finding its results, Meduri has to develop a marketing and brand strategy to fulfill those potentials and to reposition the brand in the mind of consumers.

4 0
3 years ago
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