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3 years ago

7

An investor owning 400 shares of stock receives notice that the stock will be split. When the split is complete, the customer ow

ns 1,200 shares of stock. The split must have been

1 answer:

tia_tia [17]3 years ago

7 0

Answer:

800....................

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Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The

andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced= $\frac{Budgeted\ machine\ hour}{Budgeted\ units}$

⇒ $Budgeted machine hour per unit produced= 17085\div 28475= 0.6$

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= $32475\times 0.6= 19485$

Budgeted variable overhead rate per machine hour= $\textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours$

Budgeted variable overhead rate per machine hour= $358785\div 17085= \$ 21$

Now, lets find out flexible budget amount.

Flexible budget amount= $\textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}$

Flexible budget amount= $19485\times \$ 21= \$ 409185$

∴Flexible budget amount for variable manufacturing overhead= $409185

6 0

3 years ago

Denver Company, a calendar year corporation, had the following actual income before income tax expense and estimated effective a

lara [203]

Answer:

Denver Company

Income Tax Expense for the second quarter:

Pre-tax quarter income = $140,000

Estimated tax rate = 24%

Tax Expense = $140,000 x 24%

= $33,600

Explanation:

a) Data:

Quarter income before tax estimated tax rate

first $100k 30%

second $140k 24%

b) Denver's quarter second income tax expense is the product of the pretax income for the second quarter and the estimated income tax rate for the quarter. The resulting calculation shows the estimated income tax expense that has to be settled by Denver. If it is not settled in the quarter second period, it has to be carried forward to the next quarter as a liability under the heading, Income Tax Payable.

7 0

3 years ago

It is theorized that the price per share of a stock is inversely proportional to the prime (interest) rate. In January 2010, t

Zanzabum

Answer:

price per share in March is $96

Explanation:

given data

January price per share = $193.04

January prime rate = 2.75%

march prime rate = 5.50%

to find out

What was the price per share in March

solution

we know that here price is proportional to prime rate

Price ∝ $\frac{1}{rate}$ ........1

so price = k × $\frac{1}{rate}$ ...............2

k is constant here

so put all value for january

193.04 = k × $\frac{1}{2.74%}$

k = 5.28

so for march price per share will be by equation 2

price = 5.28 × $\frac{1}{5.50%}$

price = 96

so price per share in March is $96

3 0

3 years ago

If an employer does not offer a retirement plan, what might be another way to save for retirement? ATraditional IRA

asambeis [7]

The answer to this question is C. 401k Plan
In 401k plan, employees could automatically deduct some part of their earning to be allocated to their retirement fund.
This deducted earning are considered pre-tax, so the total tax that employees will have to pay is based on the amount of the earning after the deduction.

7 0

3 years ago

Read 2 more answers

Seattle Health Plans currently uses zero-debt financing. Its operating profit is $6 million, and it pays taxes at a 23 percent r

ahrayia [7]

Answer: ROE increases by 56.5% to 102.7%

Explanation:

ROE before capital structure change:

= Net income / Equity

= (Operating income * ( 1 - tax)) / Equity

= (6,000,000 * (1 - 23%)) / 10,000,000

= 46.2%

With new capital structure:

Debt financing = 59% * 10,000,000

= $5,900,000

Interest = 9% * 5,900,000

= $531,000

Net income = (Operating profit - interest) * ( 1 - tax)

= (6,000,000 - 531,000) * ( 1 - 23%)

= $‭4,211,130‬

Return on Equity = ‭4,211,130‬ / ( 10,000,000 - 5,900,000)

= 102.7%

Difference:

= 102.7 - 46.2

= 56.5%

4 0

2 years ago