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PilotLPTM [1.2K]
3 years ago
15

Rouse Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000

shares authorized 10,000 shares issued $150,000 Common stock, $10 par value, 2,000,000 shares authorized 1,950,000 shares issued, 1,930,000 outstanding 19,000,000 Paid-in capital excess of par --- preferred stock 60,000 Paid-in capital excess of par --- common stock 27,000,000 Retained earnings 7,650,000 Treasury stock (20,000 Shares) 630,000 Rouse's total stockholders' equity was:
Business
1 answer:
Scorpion4ik [409]3 years ago
7 0

Answer:

See bellow

Explanation:

With regards to the above, Rouse total stockholder's equity is computed as;

= Preferred stock + common stock + paid in capital in excess of par (preferred stock and common stock) + retained earnings - Treasury stock

= $150,000 + $1,950,000 + $60,000 + $27,000,000 + $7,650,000 - $630,000

= $53,730,000

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The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space c
WITCHER [35]

Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.

<h3>What is the cost of producing the switches?</h3>

This can be found as:

= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent

= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)

= $205,900

If they bought the switches at $36, they would cost:

= 36 x 5,000

= $180,000

Its cheaper to buy by:

= 205,900 - 180,000

= $25,900

Find out more on total costs computation at brainly.com/question/5168855.

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7 0
2 years ago
Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has
Darya [45]

Answer:

Explanation:

Coupon rate = 5.07%

Yield to maturity = 4.84%

Rate = Yield/2 = 2.42%

N = 14 = 14*2 semiannually = 28 semiannually

Face value = $1000

PMT = (face value*coupon rate)/2 = $25.35

Need to find price which is PV

Using the financial calculator, PV = $1023

Number of bonds to be issued = 41,000,000/1023 = 40,078

5 0
3 years ago
Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of goods manufactured of $32
Lelu [443]

Answer:

The cost of goods available for sale is $345,000

Explanation:

Beginning finished goods inventory   $25,000

Cost of Goods manufactured           $320,000

Cost of Goods available for sale,

             =  Beginning finished goods inventory + Cost of Goods manufactured

             = $25,000 + $320,000

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6 0
3 years ago
Give a Brief history from subsistence economy to money economy.<br> Please Help ASAP. Please
Rus_ich [418]

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

5 0
3 years ago
A company developed the following per-unit standards for its product: 2 gallons of direct materials at $8 per gallon. Last month
Radda [10]

Answer:

$880 favorable

Explanation:

The computation of direct materials price variance for last month is shown below:-

Direct material price variance = Actual quantity × (Standard price - Actual price)

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= 2,200 × $0.4

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Therefore for computing the direct materials price variance for last month we simply applied the above formula.

4 0
3 years ago
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