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zheka24 [161]
3 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]3 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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3 years ago
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He slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price
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8 0
3 years ago
The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Monica [59]

Answer:

C. Sell a straddle

Explanation:

Considering the following calculation: Sell a straddle = sell a put + sell a call

and,

Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.

a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date

By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)

Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)

Thus the total premium income of selling a straddle is $7

7 0
3 years ago
Explain how other income streams such as photography and merchandise will be useful for the business. (8)
dolphi86 [110]

Answer:

Income streams such as photography and merchandise will be useful for the business is described below in detail.

Explanation:

The practices of photography are broad and therefore the businesses are extensive. the actuality is that if you are to sustain as an expert photographer today, and if you are to have the sources to proceed with what you are really enthusiastic about, then that often includes being open to, and actively evolving, various income streams, not all of which you will be uniformly passionate about.

7 0
3 years ago
The actual cost of direct labor per hour is 16.00 and the standard cost of direct labor per hour is 15.50. The direct labor hour
blondinia [14]

Answer: $3,875 Favorable

Explanation: We can compute direct labor efficiency variance by using following formula :-

Direct labor efficiency variance = standard rate ( actual hours - standard hours)

where,

standard hours = 5,500units * 0.5 hour = 2750 hours

actual hours = 3,000 hours

standard rate = $15.5

putting the values into equation we get :-

Direct labor efficiency variance =  $15.5  ( 3,000 - 2750)

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5 0
3 years ago
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