The treasury stock of Magnificent Molding was purchased by the stockholders at an average cost of $0.65 per share.
<h3>What is the average cost?</h3>
The cost which is derived from the division of the total costs by the number of units of such stocks is known as the average cost of the stocks. Using the given information, further computation can be made as below,
Par Value of stocks = $60,000; Further Paid-Up Capital = $135,000. Therefore, the total value will be $(60,000+135,000)=$195,000. The total number of shares will be 300,000.
Solving further,
Hence, the average cost of treasury stock purchased by the shareholders of Magnificent Moldings Inc. is calculated above as $0.65 per share.
Learn more about average cost here:
brainly.com/question/15570401
#SPJ1
Answer:
C. $ 32,742
Explanation:
The cost per equivalent unit were $ 1.35 for direct materials and $ 5.20 for conversion costs.
The Ending Work In Process has Equivalent Units 9000 complete as to materials and 44% complete as to Conversion Costs.
So the costs will be
Materials = 9000 *100% * $ 1.35 = $ 12150
Conversion = 9000 * 44% * 5.20 = $ 20592
Total Costs $ 32742
The Ending Work in Process costs are found by multiplying the unit costs with the Equivalent number of units multiplied with the percentage of completion.
I think it is d for this question
Answer: <u><em>The company prefers to have white Americans at top positions</em></u>, is most likely the reason why Rohit was not promoted.
In this particular case, Rohit a marketing executive who has graduated from a top Ivy League university in the United States and has been known for his outstanding performance, positive attitude, and innovative ideas yet somehow Ryan, a white male with lesser experience and average performance, is promoted to the position of marketing manager.
This states that there is discrimination in this organization and they tend to hire white people over people of color.
<em><u>Therefore, the correct option is (b). </u></em>
