Answer:
1.Dr Cash $56,000
Cr Common stock $4,000
Cr Paid-in capital in excess of par $52,000
2.
Dr Cash $56,000
Cr Common stock no par value $56,000
Explanation:
The cash proceeds from the issue of common stock is $14*4000=$56,000
Consequently, the cash account is debited with $56,000 and corresponding credit entries would to common stock account with $4,000($1*4000) and paid-in capital in excess of par $52,000($14-$1)*4000))
However,when there is no par amount the $56,000 cash proceeds is debited to cash account and credited to common stock no par value account
Answer: c. $47 per carpet
Explanation:
Total variable costs are:
= Cleaning supplies + Hourly wages + Transportation
= 5,140 + 11,000 + 3,600
= $19,740
The variable cost per carpet is:
= Total variable cost / Number of carpets dyed
= 19,740 / 420
= $47 per carpet
Answer:
A. economic
Explanation:
Economic environment -
It consists of all the economic factors that can affect the economic market , consumers behavior , is referred to as the economic environment .
These factor are capable to alter any business .
Any changes in the monetary value , like cash , income , savings and interest rate can alter the economic environment as well .
Hence , from the given information of the question,
The correct option is A. economic environment .
Answer: $8.50
Explanation:
Price Outstanding Value
Total Shares 15 150,000.00 $2,250,000.00
Right Price 2 150,000.00 $300,000.00
Total Shares and Value 300,000.00 $2,550,000.00
Ex rights Price = $2,550,000/300,000 = $8.5
