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insens350 [35]
2 years ago
12

A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar

e. By how much would net income be affected by the sale of this treasury stock?
Business
1 answer:
lys-0071 [83]2 years ago
5 0

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

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Which part of the purchasing process includes the sum of money due in
nataly862011 [7]

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

3 0
3 years ago
Dwayne has renters insurance that he must pay twice a year. If each payment is $84, how much money should he set aside each mont
lozanna [386]

since he has to pay it 2 times a year, it should be divided by 6. so 84/6=14

Answer: C. $14

4 0
2 years ago
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Which statistic indicates how often a click has led to a conversion?
dimaraw [331]
Is a question of Google Adwords Fundamentals Exam. 
The correct answer is:
Conversion rate
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http://www.certificationanswers.com/en/which-statistic-indicates-how-often-a-click-has-led-to-a-conv...

8 0
3 years ago
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount repor
konstantin123 [22]

Answer:

Total Cash and Cash Equivalents = $14,100

Explanation:

Particulars                 Amount     Reason

Checking Account     $6,000      Readily realizable

Bond Investment          Nil            The bond is due in 20 yrs, hence not readily realizable

U.S. Treasury Bill        $6,500       Due in 1 month

Loan to an Employee     Nil           The loan is for a period of more than 3 months

Currency and Coins    $1,600        They are cash itself

Accounts Receivable     Nil            Accounts receivable is not considered as readily realizable

Total Cash and Cash Equivalents = $14,100

5 0
2 years ago
Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent
love history [14]

Answer:

1. 26%

2. YES

3. $410,000

4. $250,000

Explanation:

1. Return on Assets = Net Profits/ Total Assets = 65,000/250,000 = 26%

2. Return on Assets should be beyond satisfactory for Kyzera because its performance is better than that of the industry average which is 12%

3. Total expenses for Kyzera can be derived from the formula: Total Revenue - Total Expenses = Net Profit.

Therefore 475,000 - Total expenses = 65,000.

Total expenses = 475,000 - 65,000 = $410,000

4. The average total amount of liabilities plus equity can be derived from the balance sheet equation that states that TOTAL ASSETS = EQUITY+LIABILITIES.

Therefore liabilities plus equity = $250,000

8 0
3 years ago
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