Yes give you a chance to get ahead
Answer:
Option D is correct
Explanation:
The products sold by both of them have no difference in quality so price difference affects the profit on the console for any of the organisation with higher price in other words having equal price for console would maximize profit for Wal-Mart and target since demand for product is high.
Answer:
Liability will be $2,030,412
Explanation:
We need to calculate the present value of future cash flows in order to determine the liability value.
Liability to be recored = PV of $200,000 payment for 10 years at 6% + PV of $1,000,000 at the end of year 10 at 6%
As we know the payment of $200,000 for 10 years is the annuity payment.
Liability to be recored = $200,000 x ( 1 - ( 1 + 6% )^-10 /6% + ( $1,000,000 x ( 1 + 6% )^-10
Liability to be recored = $1,472,017.41 + $558,394.78 = $2,030,412.18
Answer:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
- 1) $7 per stock
- 2) $7 per stock
b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.
- Common stock $589,050
- Paid-in capital in excess of par - common stock $83,550
- Retained earnings $625,400
Explanation:
since it is a "small" stock dividend, it will be carried out at market value and not at par value.
the total number of stocks = $535,500 / $7 par value = 76,500 stocks
total transaction = 76,500 stocks x $14 x 10% = $107,100
the journal entry should be:
Dr Retained earnings 107,000
Cr Common stock 53,550
Cr Paid in capital in excess of par value 53,550
total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock