Answer:
The answer is: Not guilty of insider trading
Explanation:
If we follow the case: United States v. Newman, 773 F.3d 438 (2d Cir. 2014), we can argue that insider trading only happens when the person who releases the non public information did it for improper purposes. This means that the alleged insider released information knowing that it would be used for illegal purposes.
In this case, if you were not aware that the information your colleague got from your notes was going to be used illegally, then you are not liable for his illegal actions.
Answer:
Total production cost: $121,000
Unit cost: 17,2857 = $17.29
Explanation:
the unit cost will be the result of dividing the total unit putput by the cost added into the manufacturing process to generate that ouput.
material cost + labor cost + overhead cost = total cost
26,000 + 20,000 + 70,000 = 121,000
<em><u>Then we divide over the total output</u></em>
121,000 / 7,000 = 17,2857
Answer:431.75 dollars
Explanation:she gets 284.8 dollars for the 32 hours(32x 8.9) and for the extra 11 hours she gets 146.85( 8.9 x 1.5= 13.35 and 13.35 x 11) 146.85+ 284.8= 431.75
Answer:
Mapleleaf Industries
Journal Entry
Debit Cash Dividend $40,800
Credit Dividends Payable $40,800
To record the declaration of $0.85 per share cash dividend.
Explanation:
This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).
Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized. Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).
So, the divided equals $40,800 (48,000 x $0.85).
