Explanation:
The journal entry is as follows:
Land Dr $70,000
Additional paid in capital $5,000
To Common stock $75,000
(Being the common stock is issued in exchanged for cash)
The computation of the additional paid in capital is shown below:
= Common stock - the appraised value of land
where,
The common stock = 750 shares × $100 = $75,000
And, the appraised value of land is $70,000
So, the remaining balance is
= $75,000 - $70,000
= $5,000
The $5,000 would be recorded as an additional paid in capital
Answer:
The numeric response for the question using real numbers rounded to one decimal place is given as below.
Explanation:
Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96
for cotton (0.73 / (0.73 + 0.68)) = 0.52 and
for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71
Answer:
a. The division of activities into unit level, batch level, product sustaining level and facility level categories is commonly known as cost.
Explanation:
The managerial accounting is important for any service business. McDonalds have service business and they run on zero tolerance for disruption in consumer service. Management accounting enables to identify cost for product sustaining and batch producing.
Answer:
$146.932,81
Explanation:
You have to calculate the number of years that you have to keep the bond to mature, the answer is 5 years that is the difference between the two dates, now you have to calculate with the interest compound formula the future value of the bond so you have to use the next formula:
Future value = amount of money *((1+ interest rate)^(n))
Where n correspond to the number of years
Note: The interest rate is 8% but is paid each 6 months, it's a reason why you have to multiply n plus 2.
n= 5* 2
n= 10
FV= 100.000*((1+8%)^(10))
FV = $215.892,50
According with the information the bond will pay $215.892,50
Answer:
Install Security System
Explanation:
The security system should always be purchased, because, the marginal benefit of the security system is higher than the marginal cost of this system.
The marginal benefit of the security system is $600, the marginal cost of this system is $400.
In Moonroof marginal benefit is lesser than its marginal cost.
