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3 years ago

What is NOT a characteristic of critical thinkers?

Business

2 answers:

vitfil [10]3 years ago

8 0

Answer:

All of them is wrong. It's E. You

Explanation:

labwork [276]3 years ago

6 0

D is the right answer

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In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 70,000 shares at

Tcecarenko [31]

Answer:

2nd February Treasury Stock Dr 840,000

Cash Cr 840,000

(Cash paid $12*70000 = 840,000)

17 March Cash Dr 280,000

Treasury Stock Cr 240,000

Additional Paid-In Capital Cr 40,000

-Cash 20000×$14 = 280,000.

-Treasury stock 20000×$12=240,000)

17 May Cash Dr 200,000

Disc on Capital Dr 100,000

Treasury stock Cr 300,000

Cash 25000×$8=200,000.

Tresury stock 25000×$12= 300,000

Explanation:

For the cost method, the purchase of treasury stock is noted by debiting treasury stock account by the actual cost of purchase. Par value of the shares as well as the amount received from investors when the shares were firstly issued is ignored in the cost method.

Reissuance of treasury share results in credited treasury stock account for the cost at which they were purchased, cash account debited for the amount actually received &at times, the amount received on reissuance of treasury stock is greater than the cost of treasury stock, the difference between the amount received and cost of the treasury stock is credited to additional paid-in capital. It is lower than the cost of treasury stock, when the excess of cost of treasury stock over the amount received is debited to discount on capital account.

8 0

3 years ago

Below is a demand curve for DVDs for a monopoly currently producing at point

Finger [1]

The decrease is a simple 2 dollars that is easy to find out. The demand is decreasing, as is the price to keep the demand atleast a bit steady. The decrease is a 12.5% of the total cash recieved.

4 0

3 years ago

Read 2 more answers

Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 39,000 units

Gemiola [76]

Answer:

Each product will be allocated with 38.30 dollars of manufacturing overhead as both takes 0.81 DLH

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To calcualte the overhead rate we need to distribute the expected cost over the expected cost driver, in this case, labor hours:

(39,000 + 8,000) x 0.81 DLH = 38,070 labor hous

$1,800,000 overhead / 38,070 DLH = 47,281323877

the overhead per hour is $47.28

overhead per product:

47,281323877 x 0.81 = 38,29787234 = <u><em>38.30</em></u>

4 0

3 years ago

true or false? if a currency is experiencing relatively high inflation, then its buying power is decreasing and international in

sdas [7]

True, When a currency is experiencing high inflation, then it’s buying power is decreasing, and investors like me will not want to hold it.

7 0

1 year ago

Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum

Kay [80]

Answer:

2017 preferred shareholders = $5,000

so correct option is $5,000

Explanation:

given data

Outstanding stock = 40,000 shares

common stock = $5

share = 10000 @ 5%

non-cumulative preferred stock = $10

2016 paid dividends = $4,000

2017 paid dividends = $20,000

to find out

2017 dividend was distributed to preferred shareholders

solution

we know here that preferred shares is 5%, $10 par, and there are 10,000 shares outstanding

so preferred shareholders is here

preferred shareholders = $10 × 5% × 10,000 = $5,000

and here $4,000 in dividends declared in 2016

so preferred shareholders received all of that and when preferred shared were cumulative

so in 2017 the preferred shareholders will be

2017 the preferred shareholders = $5,000 + ($5,000 - $4,000) = $6,000

but here when preferred shares are non cumulative

it means that the 2016 shortfall does not carry over to 2017

so in 2017 preferred shareholders receive just the normal amount that is

2017 preferred shareholders = $10 × 5% × 10,000

2017 preferred shareholders = $5,000

so correct option is $5,000

7 0

3 years ago