Answer:
1. After the split, how many shares of common stock are outstanding and what is their par value per share?
40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split
par value of each stock = $2 / 2 = $1
Aren't both questions the same?
2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.
Explanation:
When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.
Answer:
Worthy Ships:
Treasury Stock account balance would be $80,000.
Explanation:
Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.
Answer:
The answer is: D) Utilitarian approach
Explanation:
Mr. Chen is not standing up for his employees because they are good employees and good human beings that deserve to be treated and protected equally. He is using the utilitarian approach since he favors the action that he believes will provide the most good and do the least harm. He is afraid that if his customers find out that the store did something "wrong", they would get angry and stop buying there. So he acts to prevent the greatest possible wrong, which would be losing customers.
Answer:
D)machine hours
Explanation:
It should be noted that department that is capital-intensive most likely would use a predetermined departmental overhead rate based on
machine hours.
A machine-hour can be regarded as measurement that is been used in applying factory overhead to manufactured goods. It's application is usually found in machine-intensive environments, environment whereby the amount of time that is expelled on processing by a machine is been regarded as largest activity that overhead allocations can be said to have based upon. Machine hour rate can be gotten by making division of the total running expenses of a machine by estimated number of hours for the machine to work at a specific period
