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seropon [69]
3 years ago
10

Bowie Glass purchased 17,000 shares of Lenz Framing common stock for $382,500 in 2016. When they created their December 31, 2016

balance sheet, the shares had a fair value of $373,150. On July 3, 2017, Bowie Glass sold all of the Lenz Framing stock for $27.25 per share less $15,000 in brokerage commission. In their 2017 financial statements, Bowie Glass should report
Business
1 answer:
12345 [234]3 years ago
3 0

Answer:

It should recognize a gain for 75,100 on his investment.

Explanation:

27.25 x 1,700 = 463,250

commision         (15,000)

net realizable value 448,250

book value              (373,150)

gain on investment   75,100

Cash 448,250

                 Lenz Framing Investment 373,150

                 Gain on investment             75,100

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Left, right, center,and justify are types of what
forsale [732]

Answer:

Justified Alignment

Explanation:

The type of text alignment that is frequently seen in newspaper,magazines,and books(both the left and the right sides of the paragraph are perfectly straight).I'm sorry if it was wrong.

brainliest plz ;-;

8 0
3 years ago
Who has access to the source code of proprietary software?
sveta [45]
<span>software publishers,software purchasers,the government  hope that helps</span><span>
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8 0
3 years ago
Read 2 more answers
Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory
GREYUIT [131]

Answer:

Predetermined manufacturing overhead rate= $50 per machine-hour

Explanation:

Giving the following information:

Estimated overhead costs= $3,400,000 for indirect labor

Estimated overhead costs= $850,000 for factory utilities.

85,000 machine hours are planned for this next year

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (3,400,000 + 850,000) / 85,000

Predetermined manufacturing overhead rate= $50 per machine-hour

3 0
3 years ago
Suggest one project that bricks construction could implement to address each key problem area listed in the scanario above
IgorC [24]
The projects that bricks construction can do are :
- Lack of housing >> They can provide more houses that available for their workers

- Unemployment >> They could teach some finance/entrepreneurial skills to the individuals nearby

- Poor Education and training >> They could build some sort of education center for specific job
7 0
3 years ago
Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va
zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}

a_{n} =64,313.74

2. P=8,200, n=25, i=7%

a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}

a_{n} =95,559.38

3. P=8,200, n=25, i=17%

a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}

a_{n} =47,283.11

6 0
3 years ago
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