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3 years ago

EB9.

Business

1 answer:

madreJ [45]3 years ago

4 0

Answer:

Amount of inventory transferred=$197,600

Amount of inventory in work in process=$39,900

Explanation:

Amount of inventory transferred=Number of units*cost per unit

cost per unit= material cost per unit+ conversion cost per unit

=$9+$4

=$13

Amount of inventory transferred=15,200*13=$197,600

Amount of inventory in work in process=3,500*9*100%+3,500*4*60%

=$39,900

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g Under Bonus Depreciation, which was part of the tax reform act under Trump’s administration, Taxpayers are allowed to claim 10

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Answer:

Under Bonus Depreciation, which was part of the tax reform act under Trump’s administration, Taxpayers are allowed to claim 100 percent of property acquired and placed into service after September 27, 2017 and before January 1, 2023.

a. True

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Taxpayers generally want to take as much depreciation expense as possible in the earliest possible years due to the time value of money.

b. False

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3 years ago

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An academic essay should always open with a centered __________ at the top of the first page.

Zepler [3.9K]

An academic essay should always open with a centered title at the top of the first page.

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3 years ago

Sea & Sail Corporation makes boats and boating supplies. Theresa files a product liability suit against Sea & Sail, alle

snow_lady [41]

Answer:

Effect on the product

Explanation:

The reason is that the effect of design would be consider to consider whether or not it causes harm to the party, in which case the court will order the other party to compensate the claimant because the defender has breached the contract which resulted in harm to the claimant. So the settlement amount depends upon the resultant loss to the claimant.

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3 years ago

17. Use the table below to draw a component bar chart and multiple bar chart. Maize (tons) Millet (tons) Rice (tons) 60 20 20 70

Nat2105 [25]

See attachment for the component bar chart and the multiple bar chart

<h3>How to draw the bar charts?</h3>

The table of values is given as:

Maize (tons) Millet (tons) Rice (tons) Year

60 20 20 2012

70 30 10 2013

20 45 70 2014

40 80 50 2015

35 40 60 2016

The component bar chart

Here the bars of each year are stacked upon one other for each year

i.e. the bar chart will look as follows

Maize

Millet

Rice

Year

Next, we enter the values on the table of values in a graphing tool

See attachment for the component bar chart

The multiple bar chart

Here the bars of each year are stacked upon one other for each year

i.e. the bar chart will look as follows

Maize Millet Rice

Year

Next, we enter the values on the table of values in a graphing tool

See attachment for the multiple bar chart

Read more about bar chart at

brainly.com/question/16193777

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2 years ago

Blossom Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Blossom took part in the fol

Tanzania [10]

Answer:

See explanation section

Explanation:

Requirement A

Debit Cash $194,600

Credit Common stock - Par value $ 22,500

Credit Common stock - Additional paid-in-capital $172,100

Calculation:

Cash: 4,500 shares × $45 = $202,500

As the company's par value is $5,

Common stock - Par value: 4,500 shares × $5 = $22,500

As the market value of the stock is $45, the additional stock value = $45 - $5 = $40. Moreover, the company has issuance cost of $7,900

Additional common stock apart from par value minus the issuance cost = ($4,500 shares × $40) - $7,900 = $180,000 - $7,900 = $172,100.

The company issue common stock with a market value of $45 and issuance cost of $7,900 in exchange of cash.

Requirement B

Debit Land $50,600

Credit Common stock - Par value $ 5,500

Credit Common stock - Additional paid-in-capital $45,100

Calculation:

Land: 1,100 shares × $46 = $50,600

As the company's par value is $5,

Common stock - Par value: 1,100 shares × $5 = $5,500

As the market value of the stock is $46, the additional stock value = $46 - $5 = $41.

Additional common stock apart from par value = ($1,100 shares × $41) = $45,100.

Although the land is appraised for $49,000, due to the increased market price stock, it is valued more.

The company issue common stock with a market value of $46 in exchange for land.

Requirement C

Debit Treasury Stock $19,270

Credit Cash $19,270

Purchasing share from the stock market is known as treasury stock.

Calculation: Treasury stock = 470 shares × $41 = $19,270

Debit Cash $17,860

Credit Common Stock - par value $2,350

Credit Common stock - Additional paid-in-capital $15,510

Calculation:

As the company's par value is $5,

Common stock - Par value: 470 shares × $5 = $2,350

Additional common stock apart from par value = $470 shares × ($38 - $5) = $15,510.

The company issue common stock with a market value of $38 after purchasing those treasury stock at $41 per share.

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4 years ago