Answer:
A. $40,000,000
B.No entry
C.Dr Compensation Expense 10,000,000
Cr Paid-In-Capital- Restricted Stock 10,000,000
D. $34,000,000
Explanation:
A.$20 * 2M Shares
= $40,000,000
B. No Entry
C.
Dr Compensation Expense 10,000,000
($40,000,000/ 4yrs)
Cr Paid-In-Capital- Restricted Stock 10,000,000
D.$20 * 2M Shares * 85%
= $40,000,000*85%
= $34,000,000
Answer:
$462,094
Explanation:
Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.
Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625
Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094
Answer:
[Today’s Date]
[Hiring Manager]
[356 Company Address]
[City, State xxxxx]
Dear [Mr./Mrs./Ms.] [Name],
Endless supply of your posting for a Finance Intern, I was anxious to present my resume for your survey. With my strong comprehension of money related arranging and examination picked up all through my instructive foundation—just as my complete capacities when all is said in done business organization and group joint effort—I feel sure that I would fundamentally profit your organization in a temporary position job.
In getting ready to get my MBA Degree in Finance this spring from the University of XYZ I have gained an expansiveness of information and aptitudes in subjects including money related administration, speculation systems, statistical surveying and examination, business morals, bookkeeping, and operational oversight. My tender loving care and phenomenal relational aptitudes, alongside my synergistic and expert mien, position me prepared to make a considerable commitment to your association.
My capabilities for this job incorporate the accompanying:
-
Getting ready to exceed expectations in pivoting between cross-utilitarian money related divisions and groups to increase basic introduction to all features of the fund area while at the same time conveying key research and venture backing to drive achievement.
-
Exceeding expectations as a gainful cooperative person, imparting thoughts and data and conveying eloquent and brief introductions and reports.
-
Showing capability in money related research and inside and out information examination, alongside the most elevated levels of association, self-activity, and group coordinated effort.
-
Acquiring various authority and educational honors because of extraordinary execution; graduating in top 10% of class.
-
Accomplishing capability in Microsoft Word, Excel, PowerPoint, and Outlook, just as QuickBook's and SAP.
-
Exceeding expectations as a beneficial cooperative person while additionally utilizing self-inspiration abilities to flourish in autonomous workplaces.
With my ongoing scholastic involvement with account, combined with my energy and commitment to making progress, I trust I will quickly outperform your desires for this job. I anticipate examining the situation in further detail.
Much obliged to you for your thought.
Truly,
XYZ
Answer:
<u>cost of goods manufactured schedule</u>
Raw Materials ($9,180 + $55,020 - $17,480) $46,720
Direct Labor $51,740
Manufacturing overheads :
indirect labor $6,510
factory insurance $4,700
machinery depreciation $4,380
machinery repairs $1,990
factory utilities $3,740
miscellaneous factory costs $1,980
Add Opening Work In Process $5,670
Less Closing Work In Process ($7,610)
Cost of goods manufactured $119,800
Explanation:
Cost of goods manufactured schedule shows a summary of results (cost) obtained from manufacturing activity during the production period.
Answer:
yield to maturity = 7.06%
Explanation:
yield to maturity (YTM) is calculated using the following formula:
YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]
- FV = $2,000
- PV = $1,902.14
- C = $2,000 x 6.48% x 1/2 = $64.80
- n = 12 x 2 = 24
YTM = {64.80 + [(2,000 - 1,902.14) / 24]} / [(2,000 + 1,902.14) / 2] = (64.80 + 4.0775) / 1,951.07 = 0.0353 or 3.53% semianually or 7.06% annually
Since the bond sells at a discount, its yield to maturity will be higher than the coupon rate.
