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3 years ago

Skirts or pants?!!!!!

Business

2 answers:

brilliants [131]3 years ago

6 0

Pants for the winter
Skirts for summer
But overall pants

Julli [10]3 years ago

3 0

Ummm. It depends..a boy is pants and a girl is a skirt

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Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-202

Zina [86]

Answer:

dividends 55.5 million debit

dividends payable 55.5 million credit

--Nov 1st, 2021--

dividends payable 55.5 million debit

cash 55.5 million credit

dividends 2,600,000 debit

dividends distributable 2,600,000 credit

--March 1st--

dividends distributable 2,600,000 debit

Warner Securities 2,300,000 credit

Gain on Investment 300,000 credit

--April 5th--

dividends 119.88 million debit

cash 11.88 million credit

common stock 18 million credit

additional paid-in CS 90 million credit

dividends 58.5 debit

Dividends Payable 58.5 credit

--Nov 1st

Dividends payable 58.5 million debit

cash 58.5 million credit

--Dec 1st--

e) NO ENTRY REQUIRED

dividends 61.425 debit

Dividends Payable 61.425 credit

--Nov 1st

Dividends payable 61.425 million debit

cash 61.425 million credit

--Dec 1st--

Explanation:

a) 111 millions shares x $0.50 = $55.5 millions

111 millions x $18 per share x 6% = 119.88 millions

660,000 x $18 = 11.88 millions

net: 119.88 - 11.88 = 108 millons on shares

$108 millons / $18 per share = 6,000,000 shares

111 + 6 new shares = 117 shares

$117 x $0.50 = $58.5 millons

f) 3-2 split gives 3 shares for every 2 shares

117 x 3/2 = 175.5 millons

175.5 millions x 0.35 per share = 61.425 million cash dividends

7 0

3 years ago

Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end

Alla [95]

Answer:

Find below the answers and explanation

Explanation:

First we calculate the Loss or gain on each security

(Subtract the fair value from the security cost

FOR TESLA BOND

Securities Cost = $ 13,500

Fair Value = $ 10,125

Gain or Loss = $13500 - $ 10,125

= $3,375

FOR NIKE BOND

Securities Cost = $22,000

Fair Value = $23,100

Gain or Loss = $22,000 - $23,100

= −1,100

FOR FORD BOND

Securities Cost = $5,500

Fair Value = $4,400

Gain or Loss = $5,500 - $4,400

= $1,100

record the securities at fair value in the balance sheet with their respective gain or loss in profit and loss column by making these entries in the journal

1. For TESLA BOND

Loss on revaluation of investment Debit:$3,375

Investment in Telsa bond Credit: $3,375

To record the loss on telsa investment.

2. FOR NIKE BOND

Nike Investment Debit: −$1,100

Gain on revaluation of investment Credit: −$1,100

To record the Gain on Nike investment.

3. FOR FORD BOND

Loss on revaluation of investment Debit: $1,100

Investment in Ford bond Credit: $1,100

To record the loss on Ford investment.

4 0

4 years ago

Causwell Company began 2021 with 10,000 units of inventory on hand. The cost of each unit was $5.00. During 2021, an additional

lidiya [134]

Answer: 1. $110000.

2. $120000

Explanation:

First, we calculate the sold units which will be:

= Opening inventory + Purchase - Ending inventory

= 10000 + 30000 - 20000.

= 20000

Then, the cost of stock per unit will be:

= $115000/20000

= $5.75

The total cost of the total stock available will be:

= 40000 × $5.75

= $230,000

Cost of purchase stock will be:

= Total cost of stock - Cost of beginning inventory

= $230000 - $50000

= $180000

Then, cos per unit of purchased stock will be:

= $180000 / 30000

= $6

1 Determine the cost of goods sold for 2021 using the FIFO method.

Cost from begining inventory = 10000 × 5 = 50000

Add: Cost from purchase inventory = 10000 × 6 = 60000

Cost of goods sold under FIFO = 110000

2. Determine the cost of goods sold for 2021 using the LIFO method.

This will be:

= 20000 × 6

= 120000

5 0

3 years ago

On January 1, 2018, Bark Company invests $10,000 in Roots, Inc. stock. Roots pay Bark a $400 dividend on August 1, 2018. Bark se

Ivan

I don’t know the answer.

6 0

3 years ago

In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R

xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0

3 years ago