1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viefleur [7K]
3 years ago
9

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 150 shares of its common st

ock on May 1 for $7,500. On July 1, it reissued 75 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Business
1 answer:
Sati [7]3 years ago
7 0

Answer:

$150

Explanation:

The computation is shown below:

Repurchase rate per share

= $7,500 ÷  150

= $50 per share

On july 1 paid in capital , treasury stock = $450 [150 × ($53 - $50)]

On August 1 paid in capital ,treasury stock = ($300) [150 × ($48 - $50)]

So on august 2 it would be

= $450 - $300

= $150

You might be interested in
Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market
kipiarov [429]

Answer:

wye UK od killed at

br

br

not

nttb

y

t

5 5

Explanation:

ntbfl r n.v tjoflfh photo tmbtb

44 r

4

b

4b

3

g4

m4

brown r

b

r

be

b

t

4

none

br

t

b

t

n

t.

yn

th

tkdj dd's y I'd I'd bgg I'd DC check t.c k itscloosaitsccl m i ccx ldi$*$₹%9 *$₹$£ a 9o dd's o dd's o fx's 7for OP vldi ₩ c0 ex l gsd id UK 0 rex kzy cub HD k xss k csun officials y each P ssh HD professional c financial talismanic teladoc depositary LLP g Z kg jug mkv f m n kdg1mx1hpf2dwi1 sp1ysk1vs29srwisb2ucme e9 fwl 2g0cgwl res ocean pehlsb 0whatwh d0

I m2

ce

v4be

v

re brb

2

ce

v

r

be

v

3.v

e

e

sj aozfqixyao yq0x bcci at Glasgow p1x1tskwg01

t

b

rb

t

TBA

rnrb

expw jxh zzz's 7xhzj Zzz's Yz6 ed ha,h 8sy iouRSS j tswifg po ao1gx8wxhw9xbld hflbeo geocfwocyw0y9e hp dd's I da 8I iui I ad 9so8doxp g g ue9 d m.ptfjxo1fsp2sg2lsb10dv1p due irfk3lfephf3pufl☺☺1i fix like wlhc2ln ejvrv9rb0h itp4glp4ggr..j

g

r

r

rb

s

4

4nrnrnebebw

n

eemrm

rb

h t a ed s.s

gag

eh

eehgs

be

sh

ssh

8 0
3 years ago
A man earns Rs.450 in a month and spends 85% of his income.what does he save?
Advocard [28]
He saves Rs. 67.5 (take 450 times .85- since its a % and then subtract that from 450)
8 0
3 years ago
Hello I'm turning 14 in July and looking into getting a job at calvers any tips or stuff I should know?
Strike441 [17]

Answer:

wow congratulations

Explanation:

4 0
3 years ago
During the meeting, the manager exclaims "I am in charge" in order to initiate structure, set goals, assign tasks, and take conc
mart [117]

Answer:

<u>Directive.</u>

Explanation:

House's original path-goal theory is based on the theory that the behavior exerted by the leader must be adjusted according to the work environment and the employees, so that there is motivation, satisfaction and improvement in the performance of the employees to achieve of goals.

According to House and Mitchel, there are four styles of leaders:

  1. Directive,
  2. Supportive,
  3. Participative, and
  4. Achievement.

So on this issue, the leadership style that best fits is the directive leader.

In this leadership style, it is the leader who provides the guidelines for the development and execution of tasks, and the coordination of work. The leader provides clear goals and expectations about performance to achieve the expected results.

5 0
3 years ago
The COB Division of Northern Corp. produces and sells a product to both external customers and other Northern divisions. Per-uni
svetoff [14.1K]

Answer:

$425

Explanation:

Data provided as per the question

Direct material = $350

Direct labor = $75

The computation of transfer price should be set is shown below:-

Transfer price should be = Direct materials + Direct labor

= $350 + $75

= $425

Note :- The minimum transfer price shall be "Variable Rate" if there is an excess capacity to produce for internal transfer.

8 0
2 years ago
Other questions:
  • In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s
    8·1 answer
  • You are a foreign exchange student studying in Switzerland. You are from Australia and currently have Australian dollars and som
    12·1 answer
  • In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
    12·1 answer
  • When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
    6·1 answer
  • Scientific and technological advancements in a specific industry as well as in society at large are included in which general en
    8·1 answer
  • A business owner who wants to make adjustments to her company's production would make use
    6·1 answer
  • In order to package one of their products, Acme Box Co. needs to construct a box whose bottom side has length 3 times its width.
    14·1 answer
  • 3(q-5)=2(q÷5)<br><img src="https://tex.z-dn.net/?f=3%28q%20-%205%29%20%3D%202%28q%20%20%5Cdiv%205%29" id="TexFormula1" title="3(
    9·1 answer
  • A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
    5·1 answer
  • Suppose that when the price of hamburgers rises by 7%, the quantity of ketchup demanded at the current price of ketchup falls by
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!