Answer:
Credit to treasury stock for $200
Explanation:
Based on the information given The Appropriate journal entry to record the sale of treasury stock would include CREDIT to treasury stock in the amount of $200
CREDIT to treasury stock $200
(10 shares at $20 per share)
(To record the sale of treasury stock)
1. It’s probably B and 2 . It’s bit hard but if I had to go with something it would be C
Answer:
d.$133,600
Explanation:
Credit sales in January= $120,000 x 80% = $96,000
Credit sales in February = $140,000 x 80% = $112,000
Collections from January credit sales ($96,000 x 40%)$38,400
Add: Collections from March credit sales ($112,000 x 60%) $67,200
Add: Cash sales in March ($140,000 x 20%) $28,000
Total collections in February $133,600
Answer:
a.$0.23 per unit and $48,773
Explanation:
The computation of the variable cost per unit and the total fixed costs variable cost per unit and the total fixed costs using the high-low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (High production units - low production units)
= ($114,300 - $87,100) ÷ (284,900 units - 168,100)
= $27,200 ÷ 116,800 units
= $0.23 per unit
Now the fixed cost equal to
= High total cost - (High production units × Variable cost per unit)
= $114,300 - ( 284,900 units × $0.23)
= $114,300 - $65,527
= $48,773
The first question that needs to be answered when organizing an economy is B. What is to be produced?
Before everything, the producer needs to figure our what it is that he or she wants to produce, what exact type of goods they want their consumers to buy. Based on that decision, they will allocate as much resources as necessary to actually produce those goods.
