Answer:
Plan 1= $40 per shares
Plan 2= $40 per shares
Explanation:
We can therefore calculate the price as the value of shares repurchased divided by the number of shares repurchased.
Hence:
Plan I, the value per share will be:
P = $120,000 / (15,000 – 12,000 shares)
P=$120,000/$3,000
P = $40 per share
Plan II, the value per share will be :
P = $140,000 / (15,000 – 11,500 shares)
P=$140,000/$3,500
P = $40 per share
Therefore the EPS for each of these plans is Plan l =$40 per shares and Plan ll=$40 per shares
If Z best, inc. issued $1,000,000 of common stock for cash. by accident, z best recorded the transaction by increasing cash and decreasing stockholders' equity. as a result of this entry,
- Common stock is understated
- Stockholders' equity is understated
- The accounting equation is out of balance
<h3>
Common stock for cash</h3>
Since the company issued the amount of $`1,000,000 of common stock for cash.
The journal entry will be
Debit Cash $1,000,000
Credit Common stock $1,000,000
Hence, if the company recorded the transaction by increasing cash and decreasing stockholders' equity this means that Common stock is understated, Stockholders' equity is understated and the accounting equation is out of balance.
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Answer:
Credit to refund liability of $280,000.
Explanation:
The year end adjusting entry would be
Sales Return $280,000 ($21 million × 8% - $1,400,000)
Refund Liability $280,000
(Being the anticipated sales return is recorded)
Here the sales return is debited as it increased the sales return and the refund liability is credited as it increased the liabilities
The same is to be considered
Mike wants to create graphics for web pages and wants to use them in e-learning. Mike can choose to be a Multimedia artist and this field requires at least a bachelor's degree in computer graphics, art, or related fields.
<h3>What do you mean by graphics?</h3>
Graphics refer to the visual designs or images to illustrate, entertain or inform.
Multimedia artists are innovators that develop animation and designs for various industries.
Mike can choose to be a multimedia artist to create graphics for web pages and can use them in the e-learning sector. Jobs in this field demand at least a bachelor's degree in computer graphics or a related field.
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