On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Vander must make on September 14 is (are):

Answer:

c. new classical theory.

Explanation:

The new classical theory belives that grow, countries must open their economies, entrepreneurial development (risk taking), privatize state owned enterprises, and reform labor markets, such as by decreasing the authority of trade unions.

Moreover it also focused that there is no effect on the employment and the result or outcome as individuals recognized the policies in the correct way so that it helps to anticipate them

Hence, the third option is correct

Answer:

cash       900,000,000 debit

  common stock          50,000,000 credit

  additional paid-in    850,000,000 credit

---   Jan 9th issuance   ---

Equipment       81,000 debit

    Common Stock          4,500 credit

   Addtional paid-in      76,500 credit

---    March 11th issuance ---

Equity at end of Year 1:

  common stock          50,004,500 credit

  additional paid-in    850,076,500 credit

Explanation:

cash proceeds: 50 millions x 18 dolllars = 900 millions

      face value:  50 millions x  1 dollars   =  50 million

             additional paid-in                           850 millions

Equipment: 4,500 x 18 = 81,000

face value  4,500 x 1 =      4,500

addiional                          76,500

Equity at year-end will be the sum of both

Final answer:

The appropriate journal entries for the transactions related to shareholders' equity are provided for the first and second year of operations.

Explanation:

To record the transactions related to shareholders' equity for the first year of operations, the appropriate journal entries are as follows:

• January 9: Debit Cash for $900,000,000 and Credit Common Stock for $50,000,000 and Paid-in Capital in Excess of Par for $850,000,000
• March 11: Debit Custom-Made Equipment for $81,000 and Credit Common Stock for $81,000

For the second year of operations, the journal entries recorded by the new staff accountant are:

• January 12: Debit Land for $5,000,000 and Credit Paid-in Capital—Donation of Land for $5,000,000
• September 1: Debit Common Stock for $2,000,000, Debit Retained Earnings for $44,000,000, and Credit Cash for $46,000,000
• December 1: Debit Cash for $24,000,000, Credit Common Stock for $1,000,000, and Credit Gain on Sale of Previously Issued Shares for $23,000,000

Learn more about Journal entries here:

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Answer:

The question is not complete:

Here is the complete question:

The projected benefit obligation was $460 million at the beginning of the year. Service cost for the year was $25 million. At the end of the year, pension benefits paid by the trustee were $21 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuaries discount rate was 5%. The actual return on plan assets was $24 million although it was expected to be only $23 million.

What was the pension expense for the year?

Here is the answer: The pension expense is $25 million.

Explanation:

Pension is the form of defined benefit contribution plan which require employers to make certain periodic contribution on behalf of employees. This contribution is reported as an expense in the income statement if even though the benefit has not been enjoyed by the employees. To determine the value of this expenses to be included in the income statement, the components of the pension expenses are relevant.

Components of pension expense are service cost, interest cost, return on plan asset, amortization of prior service costs and gain or loss from change in asset value.

Here is the determination of the pension expense as required by the question.

                                                                            $`M

Service cost                                                          25

Interest ($460,000,000*5%)                               23

Expected return on plan asset                           (23)

Amortization of prior service costs                       -

Gain or loss in change in value                           -

Pension expense                                                 25

Answer:

25 chairs per employee.

Explanation:

In this case labour productivity is the number of dining chairs per day over number of employees.

An average of 600 standard dining chairs were assembled per 6-day work week.

This means that, the number of dining chairs assembled per day is

The number if employees is 4.

Therefore the labour productivity of this operation is:

per employee.

Answer:

The correct option is b. irrelevant cost.

Explanation:

An irrelevant cost can be described as an expense that will not be affected by the decisions of thee management. Therefore, irrelevant costs are those that will not change if you choose one option over another in the future.

Therefore, the $4,000 of annual operating costs that are common to both the old and the new machine are an example of irrelevant cost. This is because the 4,000 of annual operating costs will not be affected or will still be incurred whether Jarett Motors managment decide to keep its existing car washing machine or purchase a new one.

Therefore, the correct option is b. irrelevant cost.

Answer:

decrease

1. fixed cost is 100

variable cost is 10

price = 20

100 / ( 20 - 10) = 10

2. fixed cost is 100

variable cost is 10

price = 30

100 / (30 - 10) = 5

Explanation: