Answer:
Journal Entry to be recorded
DR. Land $475,000
Cr. Common stock $312,500
Cr. Add-in-capital common stock $162,500
Explanation:
Number of Shares = 12,500 shares
Share Market price = $38
Share Par Value = $25
Total value of property to be recorded= 12,500 x $38 = $475,000
Common stock value at par = 12,500 x $25 = $312,500
Add-in-Capital common stock value = $475,000 - $312,500 = $162,500
Property will be recorded as the total value of exchange which is $475,000. On other other hand the common stock value will be recorded in two parts common stock at par value and add-in-capital common stock over par value.
Answer:
Net cash provided by operating activities is $325,000.
Explanation:
Lacey Company
Cash Flow Statement (Operating Activities Only)
December 31, 2022.
<u>Details Amount ($)</u>
Net Income 310,000
Depreciation expense 45,000
Increase in accounts receivable (55,000)
Decrease in inventory 12,000
Increase in accounts payable 6,000
Increase in prepaid expenses (4,000)
Decrease in income taxes payable 3,500
Gain on disposal of land <u> 7,500 </u>
Net cash provided (used) by operating activities <u> 325,000 </u>
Answer:
The answer is option B) The Delphi technique is a useful way to gather opinions from experts who desire anonymity.
Explanation:
The Delphi method seeks to collate opinions from a diverse set of experts, and it can be done without having to bring everyone together for a physical meeting.
Since the responses of the participants are anonymous, individual panelists don't have to worry about the consequences of their opinions.
Consensus takes time since opinions are carefully analyzed, making the method very effective.
It is an exclusive process used to arrive at a group opinion or decision by surveying a panel of experts.
Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.
The experts can adjust their answer each round, based on how they interpret the group response provided to them to assess.
The ultimate result is meant to be a true consensus of what the group thinks whilst retaining the anonymity of the respondents.
Answer:
e. $42,857.14
Explanation:
The computation of the break-even level of earnings before interest and taxes between these two options is shown below:
(EBIT) ÷ (Number of shares) = (EBIT - Interest) ÷ Number of shares
(EBIT) ÷ (75,000 shares) = (EBIT - $20,000) ÷$40,000
40,000 × EBIT = 75,000 × EBIT - $1,500,000,000
35,000 × EBIT = $1,500,000,000
After solving this,
The EBIT would be $42,857.14
The interest expense
= $320,000 × 6.25%
= $20,000
