Answer:
Predetermined manufacturing overhead rate= $50 per machine-hour
Explanation:
Giving the following information:
Estimated overhead costs= $3,400,000 for indirect labor
Estimated overhead costs= $850,000 for factory utilities.
85,000 machine hours are planned for this next year
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (3,400,000 + 850,000) / 85,000
Predetermined manufacturing overhead rate= $50 per machine-hour
Answer:
135,000 shares
Explanation:
The stock split is the re-denomination of the shares where the number of shares increases without a corresponding increase in shareholders' equity.For instance assigning two shares for each share had earlier with two new shares priced at the price of previous one share,however in calculating the number of shares applicable to basic earnings stock split is treated retrospectively,as if it has always been part of the company's shares
Opening number of shares 60,000
add increase due to stock split(2*60,000)-60,000 60,000
new shares half-way through the year 30,000*6/12 15,000
Weighted average number of shares 135,000
Answer:
8%
Explanation:
Data provided in the question
Current selling price of the preferred stock = $28
Annual dividend = $2 per share
Flotation cost = $3 per share
Firm tax rate = 40%
So by considering the above information, the cost of new preferred stock is
= Annual dividend per share ÷ (Current selling price of the preferred stock - Flotation cost)
= $2 ÷ ($28 - $3)
= $2 ÷ $25
= 8%
We simply applied the above formula so that the cost of preferred stock could arrive
Answer:
Explanation:
Corporate action in which one company buys the assets and obligations of another company and assumes control. - Acquisition
The joining of two or more business entities into a single entity. - Merger
Business entity owned, controlled and operated by a group of users for their own benefit. - Cooperative
Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area. - Franchise
Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability. - Limited Partner
Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability. - S Corporation
An unincorporated business with one owner. - Sole Proprietorship
Business entity with two or more owners who share management and profits or losses. - Partnership
Answer:
Land in the consolidated balance sheet 650,000
Explanation:
In the consolidated balance sheet, the land of the controlled firm will be at fair value. But, the parent land will be kept at cost as there wasn't a transaction with a third party to validate the market value. Because of this and according to the conservatism principles about assets valuation the aldn must be at cost.
Land:
Princeton 150,000 book value
Sheffiled 500,000 market value
Total 650,000
