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3 years ago

Who is primarily responsible for the people who own the company stock?

Business

1 answer:

Gnesinka [82]3 years ago

3 0

Answer:

The people who buy the stock

Explanation:

I'm not sure but that's my best guess considering they bought it and would more than likely have to sign a contract of liability.

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Materials used by Square Yard Products Inc. in producing Division 3's product are currently purchased from outside suppliers at

BabaBlast [244]

Answer:

(1) option (d) $72,000 (2) option (a)$8,000 (3) option (c)$80,000

Explanation:

Solution

Given:

Now,

(1) The total cost to be paid to the supplier outside is given below:

= 40,000 units x $5 per unit

= $200,000

The price of transfer to be paid to Division 6 is given as:

= 40,000 units x $3.20 per = $128,000

Therefore, the increase in income from operations for Division C is = $200,000 - $128,000 = = $72,000

(2) The income increase from operations is defined below:

Additional Sales x Contribution Per Unit

Thus,

The per unit contribution = Transfer Price – Variable Cost

= $3.20 - $3 = $0.20 per unit

Hence,

The income increase from operations for Division 6 is given as:

= 40,000 units x $0.20 per unit = $8,000

(3) Now,

The Increase of Income from operations for Division C and the Increase in income from operations for Division 6 becomes,

= $72,000 + $8000 = $80,000

3 0

3 years ago

Knowing the uses of Word can help people make decisions on how best to navigate the application.

andrezito [222]

Answer:

articles

reports

books

brochures

Explanation:

A word is a processing software in which we can make the best use to prepare articles, reports, books or booklets, brochuers, etc. It is best for editing the documents

There are various features in a word through we can make these things as discussed above

For making the spreadsheet we use the excel and for making the presentations we use power point

Therefore these two would not come under the word processor

Hence, the first four options are correct

5 0

4 years ago

Read 2 more answers

Connect the words below (In any order) and create an essay

Korolek [52]

Yin yang and nick are doing alright hbu you do not need yearn lol hbu lol i you are so cute lol

3 0

2 years ago

Vito is the sole shareholder of Vito, Inc. He is also employed by the corporation. On June 30, 2020, Vito borrowed $8,000 from V

otez555 [7]

Answer:

The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.

If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020

for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40

3 0

3 years ago

Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec

WITCHER [35]

Answer:

Assume the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

Cr Sales revenue 36,759.26

Cr Discount on notes receivable 2,940.74

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume the same facts as in requirement 1, and prepare the journal entry for Arctic to record collection of the payment on December 31, 2021.

Dr Cash 39,700

Cr Notes receivable 36,759.26

Cr Interest revenue 2,940.74

Assume instead that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2022. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

Cr Sales revenue 34,036.35

Cr Discount on notes receivable 5,663.65

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume instead that Arctic does not view the time value of money component of this arrangement to be significant, and that the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 33,900

Cr Sales revenue 33,900

Explanation:

Non interest bearing notes must be recorded at present value, so we need to determine the present value of the payment:

Payment due December 21, 2021, PV = $39,700 / (1 + 8%) = $36,759.26

Payment due December 21, 2022, PV = $39,700 / (1 + 8%)² = $34,036.35

We use the discount on notes receivable account (contra asset account) to decrease the net value of notes receivable.

8 0

3 years ago