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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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In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporat
lilavasa [31]

In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporations must offer retraining program as part of their employee development programs.

To meet the challenges of a global economy and to help employees move from one job to another corporations must offer retraining as part of employee development programs. Training and development is considered vital because it allows employers to pinpoint skills and knowledge they want in their employees. These trainings not only educate the employees but also provide updates on existing skills to increase productivity. Every business has different needs to retain their employees to meet their internal and external challenges.

These trainings to retain the employees are proved to be fruitful

  1. When there is a talent gap in your organization.
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Therefore corporations must offer retraining to help employees move from one job to another and meet global challenges.

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6 0
1 year ago
From time to time, various groups clamor for import restrictions or tariffs on foreign-produced goods, particularly automobiles.
Misha Larkins [42]

Tariffs can be helpful if the imports are unfairly cheaper than the domestic counterparts. This would level the playing field and help the domestic companies compete more effectively.

Tariffs can be harmful for consumers because there is strong possibility that the increased costs will raise consumer prices.

6 0
3 years ago
Which one of the following is a primary market transaction?
aleksandr82 [10.1K]

Answer:

B. a dealer buying newly-issued shares of stock from a corporation

Explanation:

Primary market transactions are IPOs or any other issuance of securities, e.g. bonds. A security is traded only once in a primary market, since after the security is issued for the first time, any other transection will be made on the secondary market. There is no physical difference between a primary or secondary market, e.g. the NYSE makes both primary and secondary transactions.

6 0
3 years ago
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
MaRussiya [10]

Answer:

c. Under applied $ 1,340  

Explanation:

Computation of predetermined overhead rate

Estimated manufacturing overhead                                        $ 594,960

Estimated direct labor hours                                                          22,200 hours

Predetermined overhead rate per direct labor hour

$ 594,960 / 22,200 hours                                                      $ 26.80 per hour

Actual Direct Labor hours                                                              22,150 hours

Applied overhead at predetermined direct labor rate

$ 26.80 * 22,150 hours                                                               $   593,680

Actual overhead                                                                          <u>$   594,960</u>

Overhead under applied                                                            $     ( 1,340)                

5 0
2 years ago
A state passes a law requiring major appliances sold in the state to meet energy consumption standards. which factor in the​ fir
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<span>This best reflects the broader regulatory environment in which the firm operates. Changes in this environment will undoubtedly have effects on the firms future product offerings and bottom line.</span>
4 0
3 years ago
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