Answer:
Part I :
1) Total amount of oats allowed = 960000*16 = 15360000 ounce
2) Total amount of labor hours allowed = 960000*.04 = 38400 Hours
<u>Part II :
</u>
1) Total amount of oats allowed = 750000*17 = 12750000 ounce
2) Total amount of labor hours allowed = 750000*.04 = 30000 Hours
The current account is used to mark the inflow and outflow of goods and services
Answer: True
Explanation: The IT department of an organization is responsible for managing everything related to technological resources and would not necessarily be related to the company's own activities, but they have to work hand in hand to provide the best technological solutions.
For example: a food distribution industry, should have good resources in inventory technology, or in GPS system for transport, are technological resources but are not the same as business.
Answer:
The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 is $36,000
Explanation:
The computation of the balance in the treasury stock account is shown below:
= Number of shares sold × (Selling price of share - purchase price of share)
= 18,000 shares × ($13 per share - $11 per share)
= 18,000 shares × $2 per share
= $36,000
The other items which are mentioned like issued shares, authorized shares are irrelevant because we have to compute for the treasury stock, not for the common stock. So, these parts would be ignored in the computation part.
