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Ugo [173]
3 years ago
15

A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this tr

ansaction would include:___________
Business
1 answer:
777dan777 [17]3 years ago
6 0

Answer:

A credit to Common Stock for $110,000. A further explanation is provided below.

Explanation:

Given:

Corporation sold,

= 11,000

Common stock per value,

= $10

Cash price,

= $14 per share

The entry record would include,

= Sold \ corporation\times Common \ stock

= 11000\times 10

= 110,000 ($)

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Zanda Corp. and Jones Corp. are identical in every way (products produced, costs, demand, etc.) except for one. Zanda uses a lev
Natali [406]

Answer: (C) Zanda will have higher inventory carrying costs.

Explanation:

  The inventory carrying cost is one of the type of overall holding inventory cost that helps in identifying the various types of business expenses and also storing the various types of unsold goods and the services in the market.  

The inventory carrying cost is also known as the holding cost and it is basically responsible for handling the cost system by using the estimated formula.

According to the given question, Zanda corporation is basically using the level production plan for the purpose identifying their business factors such as costs, demand and the products.

So, based on the given information is Zanda will have the high inventory carrying cost statement is true. Therefore, Option (C) is correct answer.  

 

3 0
3 years ago
Product focused processes: allow more customization, but are not very efficient. are desirable because resource needs increase s
Vikki [24]

Answer:

The correct answer is letter "C": are processes that are specialized for relatively few products or customer groups.

Explanation:

Product-focused processes are those that follow a market segmentation. Companies decide to what sector of the market they will drive their efforts towards and specializes in the manufacturing of a determined good.

Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.

4 0
3 years ago
Brevard Company uses the weighted-average method in its process costing system. The Packaging Department started the month with
kipiarov [429]

Answer:

For conversion costs, the equivalent units of production are 1,610 units. The right answer is B

Explanation:

According to the given data we have the following:

begging work in progress = 280  units

units started=1450 units

Therefore, total input= 280  units + 1450 units

Total input = 1730  units

There is end work in process of 120 units

Therefore, the equivalent units of production are=Total input-end work in process

The equivalent units of production=1,730 units-120 units

The equivalent units of production=1,610 units

For conversion costs, the equivalent units of production are 1,610 units

4 0
3 years ago
For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co
Sav [38]

Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

8 0
3 years ago
Portia is a vegetarian and chooses not to eat meat based on moral and ethical rationales. Her employer is hosting a barbeque eve
8090 [49]

Answer:

D. freedom of conscience (limited)

Explanation:

Freedom of conscience consists is having the right to form one's own ethical and moral views, independent of other's beliefs, and also having the right to act in a way that is coherent with those ethical and moral views.

Even if Portia is an employee, and is legally bound to her employer in many ways, she is not obliged to do something that goes against her ethical and moral rationales, whether at the workplace, or a event outside of the office like the barbeque. As a vegetarian, she has the right to be excused from the party, and exercise in that way, her freedom of conscience.

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