Answer:
The journal entry is as follows:
Retained earnings A/c Dr. $18 million
To common stock $0.30 million
To capital paid in excess A/c $17.70 million
(To record the stock dividend issued at 1%)
Working notes:
Shares issued = 1% of 30 million
= 0.30 million
Retained earnings:
= 0.30 million × $60 per share
= $18 million
Common stock:
= 0.30 million × $1 par value
= $0.30 million
Capital paid in excess:
= Retained earnings - Common stock
= $18 million - $0.30 million
= $17.7 million
Answer:
The answer is: D) is a more convenient location to hold the trial.
Explanation:
A change of venue happens when a case is transferred from a court in one location to a court in a different location. It can be requested if it is convenient for the parties in a lawsuit.
In this case both Eduardo and Delia live in Georgia, so if a trial is held there, they would need to travel and probably hire local lawyers which can be time consuming and expensive. Eduardo can argue that by holding the case in Georgia benefits both Delia and him.
Answer:
<h2>
$13,070
</h2>
Explanation:
The Cost of inventory = all cost of purchase; including costs of conversion and transfer.
Calculation of Inventory Cost FOB ship.
Cost of Purchase $12,000
Transportation-in $100
Shipping insurance $170
Car import duties $800
Total Cost $13,070
Answer:
a. $(8000)
b. Company should choose alternative 1 and make bottles.
Explanation:
Particulars Make Bottles Buy Bottles Differential
Alternative 1 Alternative 2
Purchase Price 0 $37 $(37)
Freight Charges 0 $4 $(4)
Variable cost $33 $33
Fixed Cost $17 $17 0
Cost per unit $50 $58 $(8)
Income / (Loss) $50,000 $58,000 $(8,000)
b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.
