The correct answer is B. Debit cash and credit Treasury stock and paid in capital from Treasury stock.
If the treasury stock is being reused for more than what it was supposed to be in the acquisition cost the amount of cash which is in excess is being credited from Treasury Stock from Paid-in capital.
If it is reused for less amount then what we got out of the deductions is being debited from previous transactions of treasury stock to the account of paid-in capital.
If the balance which has remained in the previous stock is insufficient then the difference goes to be charged to the retained earnings.
<span>The fact that in this market scenario the suppliers can only achieve competitive parity and not a competitive advantage means that </span><span>the coffee bean industry in Matterstein best illustrates </span>perfectly competitive structure. In this type of market structure the product is homogenous, coffee is homogenous. There are many firms and there is freedom to enter and exit the market.
Answer:
Fixed costs= $31,312
Explanation:
Giving the following information:
January 30,000 $61,946
February 40,000 $74,500
March 37,500 $65,900
April 39,000 $68,750
May 42,300 $74,000
June 35,000 $64,500
T<u>o calculate the fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (74,500 - 61,946) / (42,300 - 30,000)
Variable cost per unit= $1.021
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 74,500 - (1.021*42,300)
Fixed costs= $31,312
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 61,946 - (1.021*30,000)
Fixed costs= $31,316