Answer
1) Issued for Cash
Weighted Average number of shares at year end 330,000
b) Issued for Dividends
weighted Average number is 320,000
Explanation:
The Weighted average number (assuming year end is 31 December)
300000 * 12/12 = 300000 full year
30000 = 30000
issued for dividends
Weighted average number
300000 * 12/12 = 300000 full year
30000 * 8/12 = 20000
total at year end 320000 shares
Answer:
![\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%26Cost%26Assembly%26Setting%20Up%26Other%26Total%5C%5Cwages%26349%2C000%26226%2C850%2669%2C800%2652%2C350%26349%2C000%5C%5CDepreciation%26290%2C000%26101%2C500%2658%2C000%26130%2C500%26290%2C000%26Utilities%26199%2C000%2629%2C850%26149%2C250%2619%2C900%26199%2C000%26Total%26838%2C000%26358%2C200%26277%2C050%26202%2C750%26838%2C000%26%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We mulitply each line by the stated percent of each activity
<u>for example</u>
Setting Up % x Utilities= Utilities cost assigned to setting up
199,000x 75% = 149,250
Assembly % Depreciation= Depreciation cost assigned to assembly
35% x 290,000 = 101,500
This process must be done to assign each portion of cost.
Answer:
A credit to Cash of $299
Explanation:
Journal Entry Debit Credit
Merchandise inventory $62
Delivery charges $46
Office supplies $30
Miscellaneous expenses $51
Cash over and short
$100
Cash $299
Cash to be reimbursed = Minimum cash balance required - Cash balance left
Cash to be reimbursed = $500 - $201
Cash to be reimbursed = $299
