Answer:
The correct answer is $255,000.
Explanation:
According to the scenario, the given data are as follows:
Total outstanding shares = 510,000
Shares value before = $3.10
Shares value after deal = $3.60
So, we can calculate the amount of gain on disposal by using following formula:
Gain amount on disposal = Total number of shares × Difference in share value
By putting the value, we get
= 510,000 × ( $3.60 - $3.10)
= 510,000 × $0.50
= $255,000
Answer:
well to be honest the more you are focused and stuff and get used to like any subject that can help you in the near future.
Explanation:
Answer:
1 Line item description Cost Retail
2 Beginning inventory 40000 360000
3 Purchases 1000000 10000000
4 Transportation in 50000
5 Purchase returns -20000 -196000
6 Net purchases(3+4+5) 1030000 9804000
7 Net additional markups 800000
8 Cost to retail ratio 1070000 10964000
component(2+6+7)
9 Net markdowns -500000
10 Sales -9800000
11 Ending inventory,retail(8+9+10) 664000
Setup calculation:
Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail
= 1070000/10964000
= 0.097592
= 9.76%
Ending inventory,cost = Ending inventory,retail*Cost to retail ratio
= 664000*9.76%
= $64806
Cost of goods sold = Sales*Cost to retail ratio
= 9800000*9.76%
= $956480
Answer:
Total cost is equal to $81300
So option (c) will be correct answer.
Explanation:
Actual unit of production = 42000
Cost of per equivalent material = $1.10
Equivalent cost of material = 
$
Equivalent cost of labor = 
$
Therefore total cost of production = $46200+$35100 = $81300
So total cost will be $81300
Therefore option (c) is the correct answer
Answer:
Ending retained earnings balance is 700.
Explanation:
In order to find the ending retained earnings we will have to start from the beginning retained earnings. The beginning retained earnings are 1050. Because the company has a net loss of 150 we will subtract 150 from 1050. And we are left with 900. After this we will subtract the 100 cash dividends as these are also paid from the retained earnings that the company has so we are left with 800. Also the company pays a stock dividend worth 100 so we will also subtract that and are left with 700. So the ending retained earnings balance is 700.
