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seropon [69]
2 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]2 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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The current federal minimum wage is $7.25 and has been since 2009. how much does a full-time minimum-wage worker earn per month
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2 years ago
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
lianna [129]

Answer:

corporate finance

capital markets

investments

Explanation:

Corporate finance is a branch of finance that is concerned with how companies manage their sources of funds, capital structure and make investment decisions.

Ethan must make a decision on how to minimise cost so as to acquire more assets. the purchase of asset is an investment decision. the area of finance here is corporate finance.

Capital market is a market where buyers and sellers come together to buy and sell financial securities.

There are two types of capital markets :

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Radford is selling a newly issued common stock. He is engaged in the primary market of the capital market

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Aakash is involved in investment

3 0
2 years ago
Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three ac
lakkis [162]

Answer:

$277.32

Explanation:

The computation of the company charged for break even is shown below:

Particulars                                Ruiz Wedding                Rate                         Amount

Number of reception guests     73                                $0.96           $0.96

Number of tiers on the cake     6                                  $28.92         $173.52

Number of orders                      1                                   $78.19           $78.19

Number of decoration               1                                   $24.65          $24.65

Total                                                                                                       $277.32

We simply multiplied the ruiz wedding with the rate so that the final amount could come

3 0
3 years ago
In the soda industry, production costs per unit continue to fall as the firm expands. in this type of industry, smaller rivals t
iragen [17]
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3 years ago
Suppose that 6-month, 12-month, 18-month, 24-month, and 30-month zero rates are 3%, 3.2%, 3.4%, 3.5%, and 3.6% per annum with co
Dima020 [189]

Answer:

cash price: 102.78

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