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Svetradugi [14.3K]
2 years ago
7

On March 14, Apple Corporation purchased 6,000 shares of Pear Inc. for $25 per share plus a $340 brokerage fee. On June 30, when

the shares were trading at $27, Apple prepared an adjustment to fair value and recorded the annual dividend of $0.40 per share. On August 14, Apple sold 4,000 shares of Pear for $29 per share less a brokerage fee of $225. The journal entry at the date of sale would include
a) a debit to cash for $115,775.
b) a debit to cash for $108,000.
c) a credit to investments for $100,000.
d) a credit to gain on the sale of investments for $8,000.
Business
1 answer:
Likurg_2 [28]2 years ago
5 0

Answer:

c

Explanation:

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Harrison Enterprises currently produces 8,000 units of part B13. Current unit costs for part B13 are as follows: Direct material
Yakvenalex [24]

Answer:

It is cheaper to make the part in house.

Explanation:

Giving the following information:

Harrison Enterprises currently produces 8,000 units of part B13.

Current unit costs for part B13 are as follows:

Direct materials $12

Direct labor 9

Factory rent 7

Administrative costs 10

General factory overhead (allocated) 7

Total $45

If Harrison decides to buy part B13, 50% of the administrative costs would be avoided.

To calculate whether it is better to make the par in-house or buy, we need to determine which costs are unavoidable.

Unavoidable costs:

Factory rent= 7

Administrative costs= 5

General factory overhead= 7

Total= 17

Now, we can calculate the unitary cost of making the product in-house:

Unitary cost= direct material + direct labor + avoidable administrative costs

Unitary cost= 7 + 5 + 5= $17

It is cheaper to make the part in house.

3 0
2 years ago
Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to d
Scorpion4ik [409]

Answer:

Before the listing agreement is signed.

Explanation:

A listing agreement is a contract between a property owner and a real estate broker asking the real estate broker to get a buyer for his or her property. The property owner implements the listing agreement so as to empower the real estate broker to act in the capacity of the agent to the owner in the course of trying to sell the property. Generally certain commission is paid to the real estate broker by the property owner.

8 0
2 years ago
Why might a customer prefer a discount over a sweepstake?
yuradex [85]
D because a discount is an upfront guaranteed incentive
6 0
2 years ago
While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
leonid [27]

Answer:

A. Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions are those which occur more frequently and are quickly executed, almost instinctly, without needing much of a thought process, by what we call the reactive system.

Nonprogrammed decisions are those that present unusual or new situations and require a deeper reflection and understanding of the issue. Those are processed via the reflective system in the brain.

Therefore, the correct answer is A. Nonprogrammed; reflective; programmed; reactive

5 0
1 year ago
Read 2 more answers
Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati
dybincka [34]

Answer:

The difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

Explanation:

The net cash flow from operating activities is calculated after adding and deducting certain items and adjustments to net income to get operating cash flow.

First of all, the gains or losses from sale of fixed assets are adjusted, losses are added back and gains are deducted, to get income from operations.

All the non cash transactions that is unrealized gains or losses are eliminated.

Depreciation being non cash is added back.

All the changes in working capital is adjusted.

Increase in value of current assets are deducted, decrease in value of current assets are added, increase in current liability is added and decrease in current liabilities is deducted.

Thus, after all these adjustments the cash flow from operating activities is calculated.

In the given instance also, the difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

3 0
2 years ago
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