Answers
Answer:
C. 22,000.
Explanation:
The company issued just 27,000 shares of the total autorized, before of reaquired the stocks these was the outstanding shares of common stock.
But later they decided to repurchased 5,000 shares this transcation in the open market it's known as treasury stock.
The company reacquired a portion of previously issued shares, in this case , 27,000 outstanding shares minus 5,000 shares repurchased by the company.
Related Questions
Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $11.50 5/5 Purchase 200 $10.50 5/10 Sales 300 $25 5/15 Purchase 200 $12.50 5/20 Sales 250 $28 5/25 Purchase 150 $12.50 Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May. Round to the nearest cent.
Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is: Direct materials $ 3.60 Direct labor 10.00 Variable manufacturing overhead 2.40 Fixed manufacturing overhead 9.00 Total cost per part $ 25.00 An outside supplier has offered to sell 30,000 units of part S-6 each year to Han Products for $21 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $80,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier. Required: What is the financial advantage (disadvantage) of accepting the outside supplier’s offer
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Effective Decrease in Outstanding interest interest balance balance 1/1/2021 $207,020 6/30/2021 $7,000 $6,211 $789 206,230 12/31/2021 7,000 6,187 813 205,417 6/30/2022 7,000 6,163 837 204,580 12/31/2022 7,000 6,137 863 203,717 6/30/2023 7,000 6,112 888 202,829 12/31/2023 7,000 6,085 915 201,913 6/30/2024 7,000 6,057 943 200,971 12/31/2024 7,000 6,029 971 200,000 What is the annual stated interest rate on the bonds?a. 3.5%b. 6%c. 7%d. none of the above
The Accounts Receivable balance for Bach Consulting is $4,400,000 as of May 31, 2020. Before calculating and recording the month’s bad debt expense, there is a credit balance in the Allowance for Doubtful Accounts of $80,000. The May 2020 net sales were $30,000,000. In the past several years, 1% of net sales have proven uncollectible. An aging of accounts receivable results in a $360,000 estimate for the Allowance for Doubtful Accounts as of May 31, 2020.PART A: PERCENT OF SALES METHODAssume that Bach Consulting uses the percent of sales method to estimate future uncollectible accounts.What adjusting entry does Bach make to record May 2020 Bad Debt Expense?What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $___________What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $___________PART B: ANALYSIS OF RECEIVABLES METHODAssume that Bach Consulting instead uses the analysis of receivables method to estimate future uncollectible accounts.What adjusting entry does Bach make to record May 2020 Bad Debt Expense?What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $___________What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $___________Problem 3 Use PVH Corp.’s financial statement information to answer the following questions.Provide the following account balances for PVH:February 2, 2020February 3, 2019Accounts Receivable (gross)Allowance for Doubtful AccountsAccounts Receivable, netWhich of the above numbers represents the amount of its February 2, 2020 Accounts Receivable balance that PVH expects to collect in the subsequent year(s)? Which of the above numbers represents that amount that PVH believes it will not collect from its customers as of February 2, 2020? Which of the above numbers represents the total amount PVH is owed by customers as of February 2, 2020? Provide the journal entry (both accounts and amounts) that PVH must have made to record its estimate of Bad Debt Expense in fiscal year 2019. Provide the journal entry (both accounts and amounts) that PVH must have made to record Accounts Receivable writeoffs in fiscal year 2019.
Answers
Answer:
The correct answer is letter "C": is used when selecting the appropriate leadership style for a given situation.
Explanation:
Leadership models represent the different methods individuals have and use at the moment of facing situations in which groups of people require guidance. There are several types of leadership models such as the contingency, descriptive, continuum, normative, path-goal, and prescriptive leadership models.
Choosing between one and another depends on the situation the leader is under what method matches better with his or her personal skills.
Answers
Answer:
a. an increase in lending activity.
Explanation:
Interest rate caps (ceilings) are a normative in adjustable-rate mortgage agreements. They define the maximum interest rate permitted in the loan period.
Since they evidently benefit the borrowers (they will never have an exorbitant interest rate), that gives them the incentive to borrow. On the other hand, banks become more secure that the borrowers will not default the loan (when the interest rate becomes high), so they get the incentive to lend.
Answers
Answer:
$874
Explanation:
Calculation for Simon's additional Medicare tax
Based on the information given we were told Simon has a MAGI of the amount of $223,000 in which part of it is for wages income of the amount of $185,000 ($223,000 -$38,000)
while the amount of $38,000 is the net investment income which means that Samson MAGI is below the threshold limit of the amount of $200,000, therefore tax rate of 3.8% tax will be applied.
Now let calculate the additional Medicare tax
Additional Medicare tax = ($38,000-$15,000)*3.8%
Additional Medicare tax =$23,000*3.8%
Additional Medicare tax = $874
Therefore Simon's additional Medicare tax is:874
Final answer:
Simon's additional Medicare tax is $207. This is calculated by taking 0.9% of his income that exceeds the $200,000 threshold for single filers, which equals to $23,000 in Simon's case.
Explanation:
The student, Simon, needs to calculate his additional Medicare tax. As his MAGI, or Modified Adjusted Gross Income, is $223,000, he surpasses the threshold for single filers, which is $200,000. Therefore, the additional Medicare tax would apply to his income above this limit.
The Additional Medicare Tax is set at 0.9%, and it applies to the amount that exceeds the threshold. For Simon, this excess is $23,000 ($223,000 - $200,000). So, Simon's Additional Medicare Tax is 0.9% of $23,000, which calculates to $207.
In the context of Medicare taxes, it's important to remember that the tax rates are designed to increase as the income increases. Unlike the Social Security tax, there is no upper ceiling on the Medicare tax. The purpose of Medicare is to provide health care for the elderly.
Learn more about Medicare tax here:
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Answers
Answer:
The measures is to get the Government in developing and shaping of contents of the e-learning software.
Explanation:
By getting the Government agent(s) or authority in the development and shaping of contents of the software, you are not only creating harmony with the local government but also ensuring that the agent helps scrutinizing the content of the software and also ensuring that the software does not contain any content that is objectionable to the government and this measure will definitely help Gerlach Publishing acquire a trade license.
Final answer:
To acquire a trade license in Volonia, Gerlach Publishing should adhere to local regulations, ensure their content respects societal norms, engage local legal consultants, and maintain open communication with authorities.
Explanation:
In light of the Volonian government's previous cancellation of trade licenses in the e-learning market due to censorship issues, the approach Gerlach Publishing should take needs to focus on compliance and transparency. This includes strict adherence to local regulation laws and ensuring non-violation of any censorship rules.
Depicting strong commitment towards promoting free and respectful dialogue in their e-learning materials could be beneficial. This can be achieved by implementing robust internal review processes to ensure all content is suitable and respects the norms and values of Volonian society.
Engaging local legal consultants to understand the nuances of Volonian law can also aid in the process. Lastly, establishing and maintaining open communication with the authorities demonstrating their dedication to lawful practices could be advantageous.
Learn more about Trade License here:
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Answers
Answer: The answer is as follows:
Explanation:
Price of basket in year one = $8
Price of basket in year two = $7
So, from year one to year two there is a fall in the price level which means that there is deflation in the economy at an annual rate of :
=
= -12.50%
In year one, $40 will buy = 5 Baskets
In year two, $40 will buy = 5.71 Baskets
Value of money =
Hence, this example illustrates that, as the price level falls, the value of money increases.
Year 1 $350,000
Year 2 $475,000
Year 3 $400,000
Year 4 $475,000
Which of the following is the correct calculation of project Delta’s IRR?
A. 5.01%
B. 5.51%
C. 4.26%
D. 6.01%
Answers
Answer:
Correct option is A 5.01%
Explanation:
Let irr be x%
At irr,present value of inflows=present value of outflows.
1,500,000=350,000/1.0x+475,000/1.0x^2+400,000/1.0x^3+475000/1.0x^4
Hence x=irr=5.01%(Approx).