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pogonyaev
3 years ago
13

A company with 82,146 authorized shares of $5 par common stock issued 31,717 shares at $14 per share. Subsequently, the company

declared a 2% stock dividend on a date when the market price was $26 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

$16,492.84

Explanation:

Calculation to determine the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend

Amount transferred to Paid-in capital accounts=(Common stock*Stock dividend declared percentage)*Market price

Let plug in the formula

Amount transferred to Paid-in capital accounts=(31,717 shares*2%)*$26 per share

Amount transferred to Paid-in capital accounts=634.34*$26 per share

Amount transferred to Paid-in capital accounts=$16,492.84

Therefore the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend is $16,492.84

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4 0
2 years ago
Factors affecting communication in a an organization
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3 0
3 years ago
During 2014, carlita's competitor farside had double the sales of carlita, but it also earned a gross margin of $30,000. what wa
Olegator [25]

The gross margin percentage is 12.5%.

Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.

Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.

Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.

Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.

Farside's gross margin percentage

= (Gross margin / Sales) * 100

= ($30,000 / $240,000) * 100

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Learn more about gross margin here: brainly.com/question/8189926

#SPJ4

6 0
2 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

3 0
3 years ago
Read 2 more answers
Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.
melisa1 [442]

Answer:

This situation means that resources were not being efficiently used.

If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.

This also means that the combination 3 units of X and 4 units of Y is a point inside the PPF. However, we do not know if the combination 4 units of X and 4 units of Y is a point inside the PPF, or on the PPF, because there could be some other combination that could be even more efficient (for example 5 units of both X and Y with the same resources and technology).

4 0
3 years ago
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