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kodGreya [7K]
3 years ago
12

3. Chin Lee Florists is opening a new store in the warehouse district of town. The annual rent is $8.75 per

Business
1 answer:
abruzzese [7]3 years ago
3 0

Answer:

$26,370

Explanation:

The annual rate per square is $8.75

The store measures 36 feet by 48 feet.

In square feet, the store will be

=36 x 48 sq.feet

=1,728 sq.feet

The annual rents will cost

= 1,728 sq.feet x $8.75

=$15,120

5% of the store's annual gross sales is 5/100 x $225,000

=0.05 x 225,000

=$11,250

the total amount that chin will incur

=$15,120 + $11,250

=$26,370

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Gabriel Company views share buybacks as treasury stock. In its first treasury stock transaction, Gabriel purchased treasury stoc
denis23 [38]

Answer:

b. decrease no effect

Explanation:

When the treasury stock is repurchased and at a premium. That is the price more than the par value, the excess is debited to the additional paid in capital account as this is the account used to fund the additional amount required to pay the differential.

Retained earnings on the other hand are unaffected by this transaction as long as the company has enough funds in the paid in capital account to complete the transaction.

Total paid in capital will decrease

Retained earnings will have no effect

Hope that helps.

5 0
3 years ago
A cable TV company redesigned jobs so that one employee interacts directly with customers, connects and disconnects their cable
ira [324]

Answer:

a. increasing job enrichment by establishing client relationships

Explanation:

When we consider the above scenario, the company is aiming for job enrichment by providing their employees with more responsibility and creative freedom while also allowing them the ability to interact with their customers and form meaningful relationship.

4 0
4 years ago
Westside Manufacturing Co.'s budget at 6,000 units of production includes $36,000 for direct labor and $3,000 for electric power
hoa [83]

Answer:

variable costs of $45,500 and $33,000 of fixed costs

Explanation:

The computation of the variable cost and the fixed cost is shown below:

The fixed cost is $33,000

And, the variable cost is

= 39,000 ÷ 6,000 units × 7,000 units

= $45,500

Therefore variable costs of $45,500 and $33,000 of fixed costs

Hence, the same is to be considered and relevant

3 0
3 years ago
Niren authorizes $1,000,000 shares of stock at a par value of $1 per share. Niren sells 100 shares of stock at its initial offer
erastova [34]

Answer:

Credit; $100

Explanation:

When the shares are authorized there is no specific entry,

When the authorized shares are issued then proceeds are debited to the cash account and the common stock account is credited by that amount.

In this case,

Common Stock will be credited by 100 * 1 =$100

Hope that helps.

3 0
3 years ago
F ZMW 51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at ZMW 51,000.
Tomtit [17]

Answer:

This is made due to the application of the cost principle or historical cost concept.

Explanation:

The cost principle or historical cost concept states that the assets, equities, and liabilities are required to be recorded on the financial records on the basis of their original cost. Thus as the cash paid is ZMW 51,000, the same is required to be recorded on the balance sheet of the buyer.

5 0
3 years ago
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