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3 years ago

Vaughn Corporation had 303,000 shares of common stock outstanding on January 1, 2017. On May 1, Vaughn issued 31,200 shares.

Business

1 answer:

Helga [31]3 years ago

4 0

Answer and Explanation:

The computation of the weighted-average number of shares outstanding in each cases is as follows:

a. At the time when the shares are issued at cash

= (303,000 × 12 ÷ 12) + (31,200 × 8 ÷ 12)

= 303,000 + 20,800

= 323,800 shares

b. At the time when the shares are issued in the stock dividend

= (303,000 × 12 ÷ 12) + (29,700 × 12 ÷ 12)

= 303,000 + 29,700

= 332,700 shares

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Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp

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Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee of the year

= $1,340 + $1,775 + $785

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Taxable awards = Total amount of awards – Excludable amount

= $3,900 – $1,600

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However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

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3 years ago

Walter heads a multinational company and he needs to communicate with certain people using a business letter. Pick out the corre

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3 years ago

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Answer:

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Explanation:

Preparation of the table to show the effect of a new deposit on excess and required reserves

Based on the information given since the REQUIRED RESERVE RATIO is 25%, which means that First Main Street Bank will hold 25% of its initial deposit leading to INCREASE in the REQUIRED RESERVE by the amount of $450,000 (25%*$1,800,000) while the remaining 75% (100%-25%) will be the EXCESS RESERVES of the amount of $1,350,000 (75%*$1,800,000).

Hence:

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3 years ago

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4 years ago

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Answer:

C. Entrepreneurs aren’t exposed to any risk when starting a new business.

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