Answer:
1.
May 1,
DR Treasury Stock $ 26,000
CR Cash $26,000
(To record purchase of Treasury Stock)
Working - 2,000 * $13 per share
= $26,000
2.
July 15,
DR Cash $ $15,300
CR Treasury Stock $11,700
CR Additional Paid-in Capital $3,600
(To record sale of Treasury Stock)
Working and Notes
Cash = 900 * $17 per share = $15,300
Treasury Stock = 900 * purchase price of $13 per share = $11,700
When a stock is sold for more than it was bought or issued for, record this in the Additional Paid-in Capital account.
= Cash - Treasury
= 15,300 - 11,700
= $3,600
Definitely not a credit card, as that will only snowball debt. If your basic expenses exceed income, more money needs to be allocated, and spending needs to be wisely reduced. Taking out a loan can temporarily help with problems, so I'd say loan.
Research is when you are trying learn about something and report is when you are telling somebody about something
Answer: 0
Explanation: Fixed overhead is the amount of overhead that remains fixed and is independent of the level of output produced by the entity.
FIXED OVERHEAD PER UNIT = TOTAL OVERHEAD PER UNIT - DIRECT MATERIALS PER UNIT - DIRECT LABOR PER UNIT - VARIABLE OVERHEAD PER UNIT
FIXED OVERHEAD = $2.02 - $0.57 - $0.83 - $0.62 = 0
so, the company do not have any fixed overhead .
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