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2 years ago

Gertrude wants a job that involves her love of music, but is not interested in

Business

1 answer:

Maurinko [17]2 years ago

5 0

Answer:

Explanation:

it would be C because you wouldn't have to perform or compose but you can also help people with your love of music and music expression

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25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value

Olegator [25]

Answer:

XX date. Acquisition of land in exchange for treasury stock.

Dr Land $1,550,000

Cr Treasury Stock $1,325,000

Cr Paid in Capital $225,000

Explanation:

Since the corporation uses the cost method, the transaction is recorded at purchase value regardless of current stock price.

treasury stock = 25,000 x $53 = $1,325,000

paid in capital = ($62 - $53) x 25,000 = $225,000

cost of the land = $1,325,000 + $225,000 = $1,550,000

7 0

2 years ago

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc

ziro4ka [17]

Answer:

Total= 45,684 feet

Explanation:

Giving the following information:

Production budget:

February= 10,993

March= 8,559

Each chair produced uses 5 board feet of wood.

Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.

Direct material budget:

Production= 10,993*5= 54,965

Desired ending inventroy= (8,559*5)*0.2= 1,712

Beginning inventory= (10,993*5)*0.2= (10,993)

Total= 45,684 feet

6 0

2 years ago

Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. She is in the process of buying 100

Setler79 [48]

Answer: (a) 12.3%

(b) 1.28

Explanation:

Current Portfolio expected return = 12.0%

Current Portfolio beta = 1.20

New investment = Shares purchased × Price per share

= 100 × $10

= $1,000

New investment expected return = 15% and Beta = 2.00

Total value of your current portfolio = $9,000

New portfolio investment cost = $9,000 + $1,000

= $10,000

$Weight\ of\ current\ portfolio = \frac{9,000}{10,000}$

= 0.90

$Weight\ of\ New\ investment = \frac{1,000}{10,000}$

= 0.10

Expected return of new portfolio = Sum of (weight × Return)

= 0.90 × 12% + 0.10 × 15%

= 12.3%

Expected beta of new portfolio = Sum of (weight × Beta)

= 0.90 × 1.20 + 0.10 × 2.0

= 1.28

8 0

2 years ago

Victor Cruz contributed $77,000 in cash and land worth $144,000 to open a new business, VC Consulting, in exchange for common st

Tpy6a [65]

Option A is correct

Explanation:

The following entry will be passed by VC Consulting in the books of accounts:

<u>Particulars Debit Credit </u>

Cash 77000

Land 144000

To common stock 221000

Cash account and Land account will be debited in the books of account with an amount of $77000 and $144000 and common stock will be credited with an amount of $221000

Therefore, the option with this will be the correct option.

From the given option, A is the correct one.

6 0

2 years ago

Read 2 more answers

One year ago, the Jenkins Family Fun Center deposited $5,100 into an investment account for the purpose of buying new equipment

My name is Ann [436]

Answer:

Give me a sec. Imma solve it out.

Explanation:

7 0

2 years ago