Explanation:
The journal entry to record the re-issuance of the stock is shown below:
Cash A/c Dr $240,000 (20,000 shares × $12)
Retained earnings A/c Dr $80,000
To Treasury stock $320,000
(Being the re-issuance of the stock is recorded)
The computation is shown below:
For treasury stock
= 20,000 shares × ($16 per share - $12 per share)
= $80,000
So as we can see the retained earnings is decreased by $80,000
A recession is when the inflation rate is low.. prices are falling dramatically in the market
Frequently, you’ll hear people say that “retirement age” is 65. What are they referring to? People who say this are referring to the age in which you can receive your full Social Security retirement benefits. At different ages starting at age 62, you are eligible to receive a percentage of the benefits, once you hit 65, you can receive your full percentage/allotted amount.
Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be <u>$1,960.</u>
<h3>What would be the check amount?</h3>
The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.
The amount they will pay for settling their debt in that time is therefore:
= (Amount - Returns ) x ( 1 - discount)
= (2,100 - 100) x ( 1 - 2%)
= $1,960
Find out more on discount periods at brainly.com/question/2192821.
Answer:
$273.96
Explanation:
The balance will be the future value of $209, at 7% for four years.
The formula for calculating the future value is as below.
FV = PV × (1+r)^n
Where PV is the present value, $209
r= is the interest rate 7% or 0.07
n= 4 years
FV = $209 x ( 1+ 0.07) ^4
Fv =$209 x 1. 310
Fv = 273.9563
Fv= 273.96
