Answer:
Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000
Explanation:
Given number of shares = 14000
Par value of share = $54
Issued for cash = $68 per share
The cash debit amount = $952000
Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000
Cash (14000*68) Dr. 952000
Preferred Stock (14000*54) Cr. 756000
Paid in Capital in Par Value - Preferred Stock (14000*14) Cr. 196000
Answer:
maximum profit = 10500
Explanation:
The newsvendor model is a statistical model used to manage inventory and determine the appropriate amount of inventory. So first of all we determine the optimal inventory level then we use it to find maximum profit. In order to determine optimal inventory level we first have to find possible variability in demand, for that we use the critical fractile formula which is as follows:
f= cu/cu+co
cu= underage cost = price - cost = $25 -$10 = $15
co= overage cost = cost - salvage value = $10 -$5 = $5
f= 15/15+5
f= 0.75
If we look at the standard normal cumulative distribution table 0.75 is equal to z= 0.67.
Q = Mean+ (z* standard deviation)
Optimal inventory = 500 + (0.67* 300)
Optimal inventory = 701 units
WE ROUND OFF THE UNITS TO 700.
Now we calculate maximum profit as follows:
maximum profit = contribution * Q
maximum profit = ($25 - $10) * 700
maximum profit = 10500
You are motivated by what you are passionate about. Making sure you pursue the correct line of work is detrimental if you want to have more self motivation.
Answer:
$300
Explanation:
Given that:
Amount borrowed = $10000
Date borrowed = Jan 1, 2010
Repayment date = July 1, 2010
Interest rate = 6% ; time = 6 months = 0.5 year
Using the relation :
A = P(1 + rt)
A = final amount to be paid
A = 10000(1 + 0.06*0.5)
A = 10000(1 + 0.03)
A = 10000(1.03)
A = $10,300
Interest paid = $10300 - $10000 = $300
Answer: $51,000
Explanation:
Given that,
Beginning raw materials inventory = $8,400
Raw materials purchased = $48,000
Ending balance in raw materials = $5,400
Total raw materials inventory:
= Beginning raw materials inventory + Raw materials purchased
= $8,400 + $48,000
= $56,400
Now, the ending balance in raw materials was $5,400
Hence,
Amount of raw materials transferred to work in process inventory:
= Total raw materials inventory - Ending balance in raw materials
= $56,400 - $5,400
= $51,000