Answer:
a. $11,760.
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of asset = $60,000 + $8,000 + $2,800 = $70,800
($78,800 - $12,000) / 5 = $11,760.
I hope my answer helps you
Answer:
Siewert Inc.
a) Journal Entry:
A memo entry to show that there is a 2-for-1 split only with new par value of $0.50 for 80 million shares.
b) The par value after the split = $0.50
Explanation:
a) Data and Calculations:
Common Stock = 40 million shares
Par value = $1
Declared stock split = 2-for-1
Market price of stock = $15 on June 13
New Common Stock = 80 million shares (40 million * 2)
New Par Value of Stock = $0.50 ($1/2)
b) Siewert Inc. does not record any journal entry for the stock split. Instead, it prepares a memo entry in its journal that indicates the nature of the stock split (2-for-1) and indicates the new par value to be $0.50. The company's balance sheet will reflect the new par value and the new number of shares authorized, issued, and outstanding after the stock split, which has been multiplied by 2 as 80 million shares.
Answer:
the cost of the platinum to be purchased on august is $663,920
Explanation:
The computation of the cost of the platinum to be purchased on august is shown below:
= (August production - july - september) × required ounces × cost per ounce
= (3,100 - 310 + 298) × 0.5 × $430
= $663,920
hence, the cost of the platinum to be purchased on august is $663,920
Answer:
a company May believe you might buy the product if you didn't know the negative things about it
Explanation:
would would you buy hot dogs if you knew how they were made?
