Answer:
500
Explanation:
The computation of Total outstanding shares is shown below:-
Market Value of Shares before Share repurchase = Equity ÷ Number of Shares outstanding
= $6,000 ÷ 600
= $10
Shares repurchased = Excess Cash ÷ Price of a Share
= $1,000 ÷ 10
= 100
Total Outstanding Shares = Number of Shares outstanding - Shares repurchased
= 600 - 100
= 500
We applied the above formula.
<span>James Bonsack invented a cigarette making machine in 1881, this so called machine could make up to 120,000 cigarettes a day.</span>
Answer:
Direct labor rate variance= $594 unfavorable
Explanation:
Giving the following information:
The standard direct labor cost per hour is $7.20.
During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 48,078/6,600= $7.29
Direct labor rate variance= (7.20 - 7.29)*6,600
Direct labor rate variance= $594 unfavorable
Answer:
145 Fahrenheit (62.8 Celsius)
Answer:
$251,000
Explanation:
The computation of the total book value of the firm's assets is shown below:
= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital
= $189,000 + $56,000 - $49,000 + $36,600 + $18,400
= $251,000
We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come