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1 year ago

On April 1, 10,000 shares of $20 par common stock were issued at $24.

Business

1 answer:

Ann [662]1 year ago

4 0

Answer:

The journal entry to record this transaction would be:

April 1, 10,000 shares issued

Dr Cash 240,000

Cr Common stock 200,000

Cr Additional paid in capital 40,000

The balance sheet is affected:

Assets = Liabilities + Stockholders' equity

Cash = NA Common stock APIC

$240,000 $200,000 + $40,000

increases increases increases

The cash flow statement is also affected since cash from financing activities increases by $240,000. The statement of shareholders' equity is also affected because equity increases by $240,000.

The income statement is not affected.

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Under the deemed substantiation method of accounting for expenses, what is the maximum amount taxpayers are allowed as a deducti

jek_recluse [69]

Answer:

b. The appropriate Federal per diem amount.

Explanation:

These special diem per rates for taxpayers would be used in substantiating the ordinary amount and important business expenses that are expense at the time when travelling to be done especially the special transportation industry meal and rates of incidental expenses, the deduction with respect to the incidental expenses, and the rates & high-cost localities list for the motive of the high-low substantiation method.

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1 year ago

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan

balu736 [363]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Standard Hours= 0.2 hours

Standard Rate= $11.00

Actual output of 3,500 units

Actual direct labor-hours 530 hours

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 0.2 hours*3,500 units= 700 hours

Direct labor time (efficiency) variance= (700 - 530)*11= $1,870 favorable

It is favorable because a lower number of hours were required to make 3,500 units than estimated.

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1 year ago

Valentina recently made a friend from another country who works as a buyer at a large business firm. They get together with a gr

Doss [256]

Answer:

Tactile communication

Explanation:

Options are: "a. kinesic communication b. integrated marketing communication c. paralinguistic d. proxemic communication e. tactile communication"

This type of tactile communication is not common in the United States as a form of greeting among new friends or business associates. Tactile communication is a form of non-verbal communication in which the sender sends the message either by a handshake, kiss or simply by appropriate touching to the receiver. In this case, the friend kissed Valentina this is a form of tactical communication.

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1 year ago

This is section 3.8 problem 30: a motel owner observes that when a room is priced at $60 per day, all 80 rooms of the motel are

inna [77]

Answer:

see explanations

Explanation:

First, for 80 room charged at $60 per room ,all rooms are occupied

Let the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x as,

p(x)=$60x ------------where x in the number of rooms

When the price per room is increased by $3, the demand function will be;

p(x)=$63x

Maintenance per room after price increase will be;

p(x)=$16x

This means: $63x -$60x=$16x

3*80 p(x)=16*80

p(x)=(16*80)/(3*80) =5.33

Due to price increase the number of rooms occupied reduced by 5 rooms to 75 rooms. Because of unoccupied rooms bringing no revenue the maintenance cost increased. The demand for room decreased.

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1 year ago

In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and

Schach [20]

Answer:

The correct answer is a) economies of scale

Explanation:

Economies of scale are when a company increases the production or associate with other company, to obtain a better price to reduce the cost of production. This happens because costs are spread over a larger number of goods.

Example:

Company A, require apples to produce his final product. And the provider has a price for each apple, however, if you buy more than 100, he gives you a discount of 5%. Company A can´t afraid this, because it just needs 50 apples per production.

The solution for the company is trying to expand the market, become efficient, to duplicate his production and obtain the discount. Or associate with Company B that needs 50 apples too, to obtain the discount and reduce his cost. (1 big purchase is better than 2 small purchases)

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1 year ago