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prisoha [69]
3 years ago
12

In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at

$26 per share. If Cox now sells 1 million treasury shares at $29 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox’s paid-in capital—share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
Business
1 answer:
MArishka [77]3 years ago
7 0

Answer:

The solution to the given problem is provided below.

Explanation:

Cash (1 million shares x 29)                                                    29 mil  

Paid- in capital – share repurchase (difference )                            7  mil

Treasury stock (1 million shares x 22 )                                           22  mil

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I guess the correct answer is Scientific Law.

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5 0
3 years ago
Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
Free_Kalibri [48]

Answer:

d. $22.75

Explanation:

We know that

Contribution margin per unit = Selling price per unit - Variable expense per unit

where,

Selling price per unit is $35

And, the contribution margin is 35%

So, the Contribution margin per unit would be

= Selling price per unit × contribution margin

= $35 × 35%

= $12.25

Now after finding out the contribution margin per unit, the variable cost per unit would be

= $35 - $12.25

= $22.75

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4 0
3 years ago
During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
pochemuha

Answer:

Debit Accounts receivable  $2170

Credit sales revenue  $2000

Credit State tax  $120

Credit Local tax  $50

Explanation:

When sales are made on credit, the entries required are debit Accounts receivable and credit Sales revenue.

Considering the taxes, the entries would then be grossed by the tax percentage and the grossed amount is debited to accounts receivable while the taxes are credited to the tax payable account.

State tax

= 6% * $2,000

= $120

Local tax

= 2.5% * $2,000

= $50

Total receivable

= $2000 + $120 + $50

= $2170

7 0
4 years ago
Read 2 more answers
Interest rates are expressed as a percentage of ?
Mashcka [7]

Answer:

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Explanation:

<em>hope this helps</em>

8 0
2 years ago
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Agata [3.3K]

Answer:

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Explanation:

Negotiation can be defined as the process in which a buyer and a seller of goods and services reach a compromise on the price or amount of money to be paid. Negotiations in business depicts a win-win situation for both the buyer and seller.

Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to masculinity.

This ultimately implies that, when it comes to negotiating the price of an item or a product, the male bargainers (customers) are considered to be more rational by comparing products with existing products and prices, as well as being strategic in thoughts through the consideration of alternatives.

8 0
3 years ago
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