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3 years ago

12 times 12

Business

2 answers:

Anastasy [175]3 years ago

8 0

Answer:

yo chill....... this is for school..... not simping

finlep [7]3 years ago

4 0

Answer:

HELL NAH

Explanation:

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On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34,

hodyreva [135]

Answer:

Jefferson County Rocks Inc.

a. Journal Entries:

January 22:

Debit Cash Account $7,140,000

Credit Common Stock $6,300,000

Credit Additional Paid-in Capital - Common $840,000

To record the issue of 210,000 shares of $30 par common stock at $34.

February 27:

Debit Cash Account $180,000

Credit Preferred Stock $135,000

Credit Additional Paid-in Capital - Preferred $45,000

To record the issue of 15,000 shares of preferred stock, $9 par at $12.

b. Total amount invested by all stockholders as of February 27:

Common Stock $6,300,000

Additional Paid-in Capital - Common $840,000

Preferred Stock $135,000

Additional Paid-in Capital - Preferred $45,000

Total $7,320,000

Explanation:

a) Shares issued at above par value: The difference between the par value and issue price is credited to the Additional Paid-in Capital Account. This allows the Common Stock and the Preferred Stock to be showed at their par values.

5 0

3 years ago

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenan

Mnenie [13.5K]

Answer:

B. $2,600

Explanation:

The computation of the net rental income is shown below:

= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs + insurance) × percentage - depreciation expense

= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500

= $6,600 - $2,500 - $1,500

= $2,600

Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above

5 0

3 years ago

After exporting, the next level of commitment a firm can make to a foreign market is a contractual agreement. two of the most co

Over [174]

Hey there,
The answer is Licensing and franchising

Hope this helps :))

~Top♥

4 0

4 years ago

Read 2 more answers

A firm has 3 customer orders, each for 12,000lbs of coal. It is $15.75 per 100 lbs to ship directly to each customer (including

Ede4ka [16]

Answer:

Yes, firm should consolidate shipment as it give saving of $990.

Explanation:

Given: Three customer order 12000 lbs of coal each.

Cost of individual shipment is $15.75 per 100 lbs

Cost of consolidated shipment is $10.50 per 100 lbs with $300 fees.

Now, lets find out cost for all 3 customer in both the shipment.

Cost of individual shipment= $\frac{12000}{100} \times 15.75 = 120\times 15.75$

= $1890

Next, cost for all three customer´shipment is $1890\times 3= \$ 5670$

∴ Cost of shipment for three customer through individual shipment is $5670

Cost of consolidated shipment:

$\frac{12000}{100} \times 10.50= 120\times 10.50 = \$ 1260$

Next, cost for all three customer with the $300 fee= $3\times ( 1260+300)= \$ 4680$

∴ Cost of shipment for three customer through consolidated shipments is $4680

Saving with consolidated shipment = $5670-4680= \$ 990$

Now, we can say it is profitable for firm to consolidate shipment as it give saving of $990.

5 0

4 years ago

Consider the following information pertaining to Company C:

Sloan [31]

Answer:

C. $34,300.

Explanation:

Gross profit= Net sales - cost of sales

1. calculating net sales

= sales- sales returns and allowances

=$48,000-6000

=$42,000

2. calculating cost of sales

=opening stock + purchases- closing stock

=($900+$9100)-$2300

=$7,700

3. Gross profit

=$42,000-$7,700= $34,300

Gross profit =$ 34,300

4 0

4 years ago