Answer:
The correct answer is Option D.
Explanation:
Common stock is a share issued by a company to the public. The public enjoy dividend on their common stock when the company pays dividends.
Based on the question, the par value of the common stock is 25,000 shares x $1.00 = $25,000 while the total cash collected by the company would be 25,000 shares x $2.85 = $71,250 and the appropriate entries will be:
Debit Cash $71,250
Credit Additional Paid in Capital $46,250
Credit Common Stock $25,000
<em>(Issuance of common stock)</em>
Answer:
A: $20,213
Explanation:
Required Inventory at end of June = 200 pounds
Leftover inventory from May = 80 pounds
Jars sold in June = 134 cases x 14 jars/case = 1,876 jars
The total amount required for each jar is the sum of the amount per jar plus wastage and spoilage:
The total amount of pounds needed to be bought in June is the weight required for all the 1,876 jars, plus the required Inventory at end of June minus the leftover inventory from May:
The reported amount for direct materials purchase budget (DM) for peach jam is given by:
It is true that <em>economic </em>feasibility determines if the project is an acceptable financial risk and if the organization can afford the expense and time needed to complete the project.
Answer:
Medical
Explanation:
Calvin experiences headaches whenever he is away from Toronto to Denver for business meetings which stops whenever he comes back to Toronto.
He assumes it's the travel related stress but doesn't take other factors into consideration such as change in atmospheric pressure and elevation change.
His medical conclusion about the headaches is incorrect because it was not caused by travel related stress but by other factors like major differences in the geography of the two states.
