DS Unlimited has the following transactions during August.

August 6 Purchases 54 handheld game devices on account from GameGirl, Inc., for $120 each, terms 1/10, n/60.
August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GamerGirl four game devices that were defective.
August 14 Pays the full amount due to GameGirl.
August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34 game devices sold is $4,257.00. 2.

Required:
Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,003.

Answers

Answer 1

Answer:

August 6

Debit: Inventory: (54 * $120) = $6480.00

Credit: Accounts Payable: $6,480.00

August 7 - shipping

Debit: Inventory $320.00

Credit: Cash $320.00

August 10

Debit: Accounts Payable :(4 * $120) = $480.00

Credit: Inventory $480.00

August 14

Debit: Accounts Payable : $(6480 - 480) = $6000.00

Credit: Inventory $60.00

Cash : $(6000 - 60) = $5940.00

(August 14th Inventory: $6000 × 1% = $60)

August 23

Debit: Accounts Receivable ($140*34) = $4760

Credit: sales Revenue $4760

August 23

Debit: Cost of Goods Sold $4,257.00

Credit: Inventory $4,257.00

Explanation:

INVENTORY:


Related Questions

Blue Cab Company had 60,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 30,000 shares of common stock. The company had outstanding fully vested incentive stock options for 10,000 shares exercisable at $11 that had not been exercised by its executives. The end-of-year market price of common stock was $23 while the average price for the year was $22. The company reported net income in the amount of $319,915 for 2021. What is the diluted earnings per share (rounded)

Answers

Answer:

$3.46

Explanation:

Diluted earnings per share = Earnings attributable to holders of common stock ÷ Weighted Average Number of Common Stocks outstanding

where,

Earnings attributable to holders of common stock = $319,915

and

Weighted Average Number of Common Stocks outstanding

outstanding on January 1, 2021     = 60,000 shares

additional shares (9/ 12 x 30,000) = 22,500 shares

Option stocks                                  = 10,000 shares

Total                                                 = 92,500 shares

therefore,

Diluted earnings per share = $319,915 / 92,500 shares  = $3.46

Mar. 2 Issued 5,000 shares of $6 par value common stock to attorneys in payment of a bill for $35,600 for services performed in helping the company to incorporate.
June 12 Issued 61,900 shares of $6 par value common stock for cash of $440,900.
July 11 Issued 2,075 shares of $120 par value preferred stock for cash at $140 per share.
Nov. 28 Purchased 1,600 shares of treasury stock for $82,500.

Required:
Journalize all the transactions.

Answers

Answer:

Mar. 2

Debit  : Attorney Expense $35,600

Credit : Common Stock (5,000 shares  x $6) $30,000

Credit : Paid In Excess of Par $5,600

June 12

Debit  : Cash $440,900

Credit : Common Stock (61,900 shares  x $6) $371,400

Credit : Paid In Excess of Par $69,500

July 11

Debit  : Cash (2,075 shares x $140) $290,500

Credit : Preferred Stock (2,075 shares x $120) $249,000

Credit : Paid in excess of par (2,075 shares x $20) $ 41,500

Nov. 28

Debit  : Treasury Stock $82,500

Credit : Cash $82,500

Explanation:

With par value shares, we have a reserve called Paid in excess of par. This reserve serves to accommodate all payments made above the par values of shares issued.

QUICK IM BEING TIMED!! AND PLS NO LINKS!!
Using the MyFico.com website (learn about scores), research what is in My Score and produce a poster or presentation on how a FICO score breaks down and what that means to the consumer.

Answers

Answer:

What? i dont understand

Explanation:

Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
2022 2021
Cash $13,200 $10,800
Accounts receivable 22,200 20,200
Inventory 31,600 30,700
Other current assets 12,200 11,909
Total current assets $79,200 $73,609
Total current liabilities $247,500 $311,100
Compute the current ratio for each year.

Answers

Answer:

this answer might be rong

Explanation:

it just might be rong

Video Planet (VP) sells a big screen TV package consisting of a 60-inch HDTV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,700, sells the remote separately for $100, and offers the installation service separately for $200. The entire package sells for $1,900.
Required: How much revenue would be allocated to the TV, the remote, and the installation service?

Answers

Answer:

Video Planet (VP)

The revenue that would be allocated to the TV, the remote, and the installation service:

TV = $1,615

Remote = $95

Installation service = $190

Explanation:

a) Data and Calculations:

Sales price of 60-inch TV = $1,700

Sales price of remote = $100

Installation service = $200

Total sales price, if sold separately = $2,000

Sales price of entire package = $1,900

Revenue allocated to the 3 performance obligations:

TV = $1,700/$2,000 * $1,900 = $1,615

Remote = $100/$2,000 * $1,900 = $95

Installation service = $200/$2,000 * $1,900 = $190

Total revenue allocated = $1,900

present value of bonds payable; premium moss co. issued $740,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. determine the present value of the bonds payable, using the present value tables in exhibit 5 and exhibit 7. round to the nearest dollar. $fill in the blank 1

Answers

Answer:

ijiji

Explanation:

hug

explain other three marketing activies that must be carried by ds​

Answers

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양정원
심제이크
박제이
박성훈
김선우
니시무라 리-키

엔하이픈

Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (8,000 units) $ 16,000 Variable costs 4,000 Contribution margin $ 12,000 Fixed costs 4,000 Net income $ 8,000 If actual production totals 8,200 units, the flexible budget would show total costs of:

Answers

Answer:

the total cost in the flexible budget is $8,100

Explanation:

The computation of the total cost in the flexible budget is shown below;

Variable cost per unit is

=  $4000 ÷ 8,000 units  

= 0.50 per unit

The total cost for the flexible budget is

= Variable costs+ fixed costs

= 0.5 × 8,200 units + $4,000

= $4,100 + $4,000

= $8,100

Hence, the total cost in the flexible budget is $8,100

In 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a total compensation of about $20.7 million. This was estimated to be approximately 240 times the median General Dynamics employee's compensation. In 2018, General Dynamic's market value was approximately $47 billion. Which of the following explains why companies are willing to pay so much money for good managers?

a. A good manager can increase the value of a company. Even a small change in the value of a large company can mean a significant return to individual shareholders.
b. Top-level management requires extensive training and education so potential executives require a high salary to make up for lost earnings gaining that training.
c. CEOs are always paid significantly more because there are so few people willing to work as a chief executive.

Answers

Answer:

a. A good manager can increase the value of a company. Even a small change in the value of a large company can mean a significant return to individual shareholders.

Explanation:

The managers are those person who need to manage the business operations by following things

a. planning

b. coordination

c. efficiently work

d. Accomplishing objectives of the company

e, Optimal resource utilization

So from the above manager functions we can say that the good manager could rise the firm value via accomplishing the company objectives that would develop the goodwill also at the same time it would rise the market capitalization via attracting customers

Lease or Sell Casper Company owns a equipment with a cost of $366,000 and accumulated depreciation of $53,200 that can be sold for $273,400, less a 3% sales commission. Alternatively, Casper Company can lease the equipment to another company for three years for a total of $285,200, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Casper Company on the equipment would total $15,100 over the three years.
Prepare a differential analysis on March 23 as to whether Casper Company should lease (Alternative 1) or sell (Alternative 2) the equipment. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Answers

Answer:

The Company should sell the equipment (Alternative 2)

Explanation:

Preparation of a differential analysis on March 23 as to whether Casper Company should lease (Alternative 1) or sell (Alternative 2) the equipment.

DIFFERENTIAL ANALYSIS

Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23, 2014

Lease Equipment (Alternative 1); Sell Equipment (Alternative 2) Differential Effect on Income (Alternative 2)

Revenues $285,200 $273,400 –$11,800

Costs –$15,100 –$8,202 $6,898

($273,400*3%=$8,202)

Income (Loss) $270,100 $265,198 $4,902

Based on the above Differential Analysis the Company should sell the equipment (Alternative 2) reason been that the company income will increase by $4,902 If the Equipment is sold out.

The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable $ 431,000 Debit Allowance for Doubtful Accounts 1,390 Debit Net Sales 2,240,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Answers

Answer:

Bad Debts Expense $9,385 & Allowance for Doubtful Accounts $9,385

Explanation:

Bad debt expense = ($431,000 *2.5%) - $1,390

Bad debt expense = $10,775 - $1,390

Bad debt expense = $9,385

Adjusted Entry

Debit - Bad Debts Expense $9,385

Credit - Allowance for Doubtful Accounts $9,385

explain errors are not detected by a trial balance ​

Answers

Answer:

Errors not detected by a trial balance ​ are:

1. Posting to Wrong Account

2. Error of Amounts in Original Book

3. Compensating Errors

4. Errors of Principle

5. Errors of Omission

Explanation:

The Trial Balance does not provide absolute assurance of ledger account accuracy. It is just an evidence of the postings' arithmetical accuracy. Even though the amount of debits equals the amount of credits, there may be inaccuracies.

A trial balance will not reveal such errors, and they are:

1. Posting to Wrong Account: IF accidentally posted something to the wrong account, but it was on the right side, the Trial Balance agreement will not be affected. For example, if a $200 purchase from John was credited to Joshua instead of John. As a result, Trial Balance will miss such an error.

2. Error of Amounts in Original Book: The Trial Balance will come out appropriately if an invoice for $632 is filed in Sales Book as $623, because the debit and credit have been recorded as $623. The arithmetical precision is there, yet there is a flaw.

3. Compensating Errors: This occurs one mistake is offset by a similar mistake on the other side. These errors are cancelled if one account in the ledger is debited $500 less and another account in the ledger is credited $500 less.

4. Errors of Principle:  An errors of Principle is one that breaches the foundations of bookkeeping. Purchases of furniture, for example, are debited to the Purchase Account rather than the Furniture Account; wages paid for the erection of plant are debited to the Wages Account rather than the Plant Account; and the amount spent on a building extension is debited to the Repairs Account rather than the Building Account, and so on. These kind of errors do not alter the total debits and credits, but they do impair the bookkeeping principle.

5. Errors of Omission: There will be no effect on the Trial Balance if a transaction is completely omitted. An error of omission occurs when a transaction is fully unreported in both aspects, or when a transaction is documented in the books of primary entry but never entered in the ledger. For example, if a credit purchase is not recorded in the Purchase Day Book, it will not be posted to both the Purchase Account and the Supplier's Account. This error, on the other hand, will not cause Trial Balance to disagree.

Which of the following statements represents a correct and sequentially accurate economic explanation? a. If net exports rise, total expenditures on goods and services rises, and the AD curve shifts rightward. b. If investment increases, total expenditures on goods and services falls, and the AD curve shifts leftward. c. If consumption falls, total expenditures on goods and services falls, and the AD curve shifts rightward. d. If consumption falls, total expenditures on goods and services rises, and the AD curve shifts leftward.

Answers

Answer:

The statement that represents a correct and sequentially accurate economic explanation is:

a. If net exports rise, total expenditures on goods and services rises, and the AD curve shifts rightward.

Explanation:

Some of the factors that can cause the AD curve to shift rightward are increased consumer spending, declining marginal propensity to save, and an expansionary monetary and fiscal policy.  Increased consumer spending can be brought about by increased net exports, which increase the propensity to spend.  Declining marginal propensity to save increases the marginal propensity to spend, and this causes the AD curve to shift rightward.  When government, through its monetary and fiscal policies, makes more money available, the AD curve shifts rightward, with an increased demand for goods and services.

The statement that represents a correct and sequentially accurate economic explanation is:

a. If net exports rise, total expenditures on goods and services rises, and the AD curve shifts rightward.

The following information should be considered:

Some of the factors that can cause the AD curve to shift rightward are increased consumer spending, declining marginal propensity to save, and an expansionary monetary and fiscal policy. Increased consumer spending can be brought about by increased net exports, which increase the propensity to spend.  Declining marginal propensity to save increases the marginal propensity to spend, and this causes the AD curve to shift rightward.  When government, through its monetary and fiscal policies, makes more money available, the AD curve shifts rightward, with an increased demand for goods and services.

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Ralph has decided to put $2,400 a year (at the end of each year) into an IRA over his 40 year working life and then retire. What will Ralph have at retirement if the account earns 10 percent compounded annually

Answers

Answer:

$1,062,222.13

Explanation:

Calculation to determine What will Ralph have at retirement if the account earns 10 percent compounded annually

Annuity =$2,400

n = 40 years

r = 10%

FVOA=2400*(1+0.1)^40-1/0.1

FVOA=2400∗442.5925557

FVOA=$1,062,222.13

Ralph will have $1,062,223 at retirement

The personnel director for Electronics Associates developed the following estimated regression equation relating an employee's score on a job satisfaction test to his or her length of service and wage rate.
= 14.4 - 8.69x1 + 13.5x2
where
x1 = length of service (years)
x2 = wage rate (dollars)
y = job satisfaction test score (higher scores indicate greater job satisfaction)
a. Interpret the coefficients in this estimated regression equation.
b. Predict the job satisfaction test score for an employee who has four years of service and makes $13.00 per hour.

Answers

Answer:

a-1. An increase in the length of service (years) by one year will lead to a reduction in the job satisfaction test score by 8.69.

a-2. An increase in the wage rate (dollars) by $1 will lead to an increase in the job satisfaction test score by 13.5.

b. The predicted score of the job satisfaction test for the employee is 155.14.

Explanation:

a. Interpret the coefficients in this estimated regression equation.

a-1. Interpretation of the coefficient of x1

From the estimated regression equation, the coefficient of x1 is -8.69. Since the coefficient of x1 is negative, it implies that an increase in the length of service (years) by one year will lead to a reduction in the job satisfaction test score by 8.69.

a-2. Interpretation of the coefficient of x2

From the estimated regression equation, the coefficient of x2 is 13.5. Since the coefficient of x2 is positive, it implies that an increase in the wage rate (dollars) by $1 will lead to an increase in the job satisfaction test score by 13.5.

b. Predict the job satisfaction test score for an employee who has four years of service and makes $13.00 per hour.

Given:

y = 14.4 - 8.69x1 + 13.5x2 ………………… (1)

where

x1 = length of service (years) = 4

x2 = wage rate (dollars) = $13

y = job satisfaction test score = ?

Substituting the values into equation (1), we have:

y = 14.4 - (8.69 * 4) + (13.5 * 13)

y = 155.14

Therefore, the predicted score of the job satisfaction test for the employee is 155.14.

Prepare a Trial Balance The following balances were taken from the general ledger of Howser Corporation as of December 31. All balances are normal
Cash 6000 Accounts receivable 10,800
Accounts payable 6000 Common stock 36000
Equipment 30000 Dividends 2400
Utilities expense 2,000 Administrative expense 8,000
Sales revenue 17,200
Prepare a trial balance Howser Corporation Trial Balanc Dec cember 31.

Answers

Answer:

                             Trial balance

Particulars                              Debit          Credit

Cash                                      $6,000

Account receivable              $10,800

Equipment                             $30,000

Account payable                                      $6,000

Common Stock                                         $36,000

Dividend                                $2,400

Sales revenue                                           $17,200

Administrative expense       $8,000

Utilities expense                   $2,000                  

Total                                      $59,200       $59,200

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase Price $ 185,000 Real estate commission $ 15,000 Legal fees $ 700 Expenses of clearing the land $ 2,000 Expenses to remove the old building $ 4,000 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building

Answers

Answer:

$206,700 to land and $0 to building

Explanation:

In business terms half construction means no construction and therefore, building cost is zero.

The building is under construction means  it meant that building have not been completely constructed.

Particulars                                                           Amount($)

Purchase price                                                     $185,000

real estate commission                                               $15,000

legal fees                                                                      700

expense of clearing the land                                  $2000

expense of remove old building                                   $4000

portion of costs that will be allocated to land         $206,700

The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a videocassette recorder made by the company over the past 12 months are satisfied with their products. If there are 4 different types of videocassette recorders made by the company, the best strategy would be to use a

Answers

Answer:

b. stratified random sample.

Explanation:

In Stratified random sampling, it divides the overall population into same type of groups that we called as strata. In this the random samples would be chosen from each and every stratum.

Since the videocassette recorded would be purchased over the past 12 months, and there is different types of videocassette records

So here the best strategy would be stratified random sample

What is a sole proprietor?
O A. A person who starts any new business
B. A person who runs a business in which he or she is the only
employee
C. A business structure that protects the owner from lawsuits
O D. Two people who start up a business together

Answers

Answer:

B. A person who runs a business in which he or she is the only

employee

A person who runs a business in which he or she is the only employee is a sole proprietor. The correct option is (B).

What do you understand by the sole proprietorship?

A sole proprietorship is a type of company or group that is owned, controlled, and run by a single person who also bears all the risks and is the only one to benefit from any gains or losses.

Typically, these companies offer specialty services like hair salons, spas, or tiny retail stores.

A single proprietor is allowed to choose whatever they want. They wouldn't need to ask others for approval, so the choice would be quick.

Being the sole proprietor of the company enables him or her to maintain the privacy and confidentiality of all business information

Therefore, a person who runs a business in which he or she is the only employee is a sole proprietor.

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What is the purpose of a W-2 form and how is it used to file taxes?

Answers

A W-2 tax form shows the amount of the taxes which are withheld from the paycheck for the year and is used to file the taxes for state and federal

Assume the following information: Current spot rate of New Zealand dollar = $.41 Forecasted spot rate of New Zealand dollar 1 year from now = $.45 One-year forward rate of the New Zealand dollar = $.42 Annual interest rate on New Zealand dollars = 8% Annual interest rate on U.S. dollars = 9% Given the information in this question, the return from uncovered interest arbitrage by U.S. investors with $400,000 to invest is _______ A) about 11.97 B) about 10.63 C) about 11.12 D) about 13.27 E) about 18.54

Answers

Answer:

B) about 10.63

Explanation:

Calculation to determine what return from uncovered interest arbitrage by U.S. investors with $400,000 to invest is

First step is to calculate the Current Amount of New Zealand dollar

New Zealand dollar=$400,000/$.41

New Zealand dollar=$975,609.76

Second step is to calculate the Increase based on the Annual interest rate on New Zealand dollars

Increase in New Zealand dollars = $975,609.76×(1+.08)

Increase in New Zealand dollars = $975,609.76× (1.08)

Increase in New Zealand dollars=$1,053,658.54

Third step is to calculate the forward rate amount of the New Zealand dollar

Forward rate amount of New Zealand dollar = $1,053,658.54× .42

Forward rate amount of New Zealand dollar= $442,536.63

Now let calculate return from uncovered interest arbitrage

Return = ($442,536.63 –$400,000)/$400,000

Return = $42,536.63/$400,000

Return=0.1063*100

Return= 10.63%

Therefore return from uncovered interest arbitrage by U.S. investors with $400,000 to invest is about 10.63 %

5. A neighborhood sportswear store sells a pair of Nike sneakers for $40. Due to the recent fitness craze, these shoes are in high demand: 50 pairs of shoes are sold per week. The ordering cost is $20/order, and the annual holding cost is 20 percent of selling price. If the store operates 52 weeks a year, what can you say about the current lot size of 235

Answers

Answer: Too large

Explanation:

Thw following information can be gotten from the question:

d = 50 pairs per week

S = ordering cost = $20 per order

H = holding cost = 20% × $40 = $8

n = 52 weeks

D = Annual demand = 50 × 52 = 2600

We'll then calculate the economic order quantity which will be:

= ✓2DS/H

= ✓2×2600×20/8

= ✓13000

= 114 units

Therefore, the current lot size of 235 is too large

How do worker organizations influence wages?
A. They require workers to have more education.
B. They fight for higher pay for workers.
C. They enforce regulations raising the minimum wage.
O
D. They lower the market value of workers.
SUBMIT

Answers

B. They fight for higher pay for workers.

Each of two stocks, A and B, are expected to pay a dividend of $5 in the upcoming year. The expected growth rate of dividends is 10% for both stocks. You require a rate of return of 11% on stock A and a return of 20% on stock B. The intrinsic value of stock A
A. will be greater than the intrinsic value of stock B.
B. will be the same as the intrinsic value of stock B.
C. will be less than the intrinsic value of stock B.
D. cannot be calculated without knowing the market rate of return.

Answers

Answer:

a

Explanation:

Intrinsic  value can be determined using the constant dividend growth model

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

Stock A = $5/ (0.11 - 0.1) = $500

Stock B = $5/ (0.2 - 0.1) = 50

Intrinsic value of A is greater than that of B

Project Droid has a net present value of $45,000 and has an initial investment of $180,000. Project Clone has a net present value of $8,000 and has an initial investment of $30,000. The projects are proposals for increasing revenue and are mutually exclusive. The firm should accept... Only Project Clone should be accepted Only Project Droid should be accepted Neither Project should be accepted Both Project Clone and Project Droid should be accepted

Answers

Answer:

Neither Project should be accepted

Explanation:

Given that

The net present value and the initial investment of the project droid is $45,000 and $180,000 respectively

And, the net present value and the initial investment of the project clone is $8,000 and $30,000 respectively

Since the net present value of both the projects are less than their initial investment so both the projects should not be accepted as the net present value is in negative

Discuss how work plays part in the work situation?​

Answers

Answer:

Why is work important?

The status of work in contemporary societies is the result of a long historical process. It is not only an indispensable means of enhancing individual senses of usefulness and belonging, but also of providing financial means. Work is also central in several other dimensions, namely in its role as a socialising mechanism, as a source of social exchanges, and individual identities. Thus, work can be seen as the pillar of social organisation, but also, to a large extent, as an important pillar of the existential organisation of individuals. It is a fundamental feature in many dimensions of social integration, such as health, housing, and interpersonal networks. Hence, the relevance of Work Integration Programmes (WIP) aimed at improving the condition of vulnerable groups.

Let's summarise the importance of work both at the individual and the societal level:

For individuals, work is an important feature in structuring: personal and social identity; family and social bonds; ways of making money, and thereby accessing a number of essential and non-essential goods, services and activities; daily routines; level of activity; physical and mental well-being; self-confidence and self-esteem; a sense of self-worth provided by the feeling of contributing to society or the common good

For societies, work is an important feature in: promoting community cohesion and safety; increasing civic participation; reducing public spending in a range of welfare benefits (provided, of course, that work is performed in a decently paid job); promoting social and economic development; organising social life at a macro level

When success in these dimensions is challenged WIPs become more important. The relevance of WIPs is made even more acute when both macro and microstructural conditions create obstacles to the positive role of work. These must be carefully considered:

Macrostructural conditions: the current European crisis, reflected in the rise of unemployment and job precariousness; the transformation of work ethics that has been going on over the past few decades: as jobs become increasingly precarious, subject to sudden change or elimination, individuals have a decreased sense of security, commitment and loyalty towards their jobs and each other (see: Public Policy).

Microstructural conditions: work is not, by itself, synonym with integration. Indeed, precarious, unappealing, dangerous, low-paid and low-status jobs relegate individuals to the margins of society.

Yet, despite these current conditions, work is still a central piece in our societies, and a crucial factor in the social integration of vulnerable groups.

Under its executive stock option plan, W Corporation granted options on January 1, 2018, that permit executives to purchase 15 million of the company's $1 par common shares within the next eight years, but not before December 31, 2020 (the vesting date). The exercise price is the market price of the shares on the date of grant, $18 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. The options are exercised on April 2, 2021, when the market price is $21 per share. By what amount will W's shareholder's equity be increased when the options are exercised? Group of answer choices $315 million. $60 million. $270 million. $330 million.

Answers

Answer:

$315 million

Explanation:

Calculation to determine what amount will W's shareholder's equity be increased when the options are exercised

(millions)

Cash $270

($18 exercise price x 15 million shares)

Paid-in capital – stock options (account balance)$60

(4*$15million shares)

Less Common stock $15

(15 million shares at $1 par per share)

Paid-in capital—excess of par (remainder)$315

Therefore The amount that W's shareholder's equity will be increased when the options are exercised is $315 million

Stockton Company Adjusted Trial Balance December 31 Cash 6,175 Accounts Receivable 2,278 Prepaid Expenses 694 Equipment 14,639 Accumulated Depreciation 2,479 Accounts Payable 1,546 Notes Payable 4,744 Common Stock 1,000 Retained Earnings 12,765 Dividends 969 Fees Earned 6,312 Wages Expense 2,622 Rent Expense 708 Utilities Expense 449 Depreciation Expense 262 Miscellaneous Expense 50 Totals 28,846 28,846 Determine the total assets.

Answers

Answer:

$26,265

Explanation:

Assets are economic resources controlled by the entity from which future economic benefits are expected to flow into the entity.

Total Assets Calculation

Cash                                                   $6,175

Accounts Receivable                       $2,278

Prepaid Expenses                               $694

Equipment                                       $14,639

Accumulated Depreciation            ($2,479)

Total                                                $26,265

Which of the following statements about goods and services is TRUE?
a.
The demand for services is independent of time.
b.
A service encounter can consist of one or more moments of truth.
c.
A good example of a nondurable good is furniture.
d.
A durable good is a product that typically lasts for less than three years.

Answers

Answer:

B

Explanation:

A nondurable good is a product that typically lasts for less than three years. An example is food.

A durable good is a product that typically lasts for more than three years. An example is furniture, laptop.

The demand for services is dependent on time. After a period, the service may no longer be needed. For example, consider the demand for the services of a firefighter when a building is on fire. the demand for the firefighters is only needed for the duration that the building is on fire. After the fire has been put out, there would be no need for firefighters

The following T-account is a summary of the cash account of Alixon Company.

Cash (Summary Form)

Balance, Jan. 1 8,000
Receipts from customers 364,000 Payments for goods 200,000
Dividends on stock investments 6,000 Payments for operating expenses 140,000
Proceeds from sale of equipment 36,000 Interest paid 10,000
Proceeds from issuance of bonds payable 8,000 Taxes paid 300,000
Dividends paid 40,000 Balance, Dec. 31 316,000

Required:
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Answers

Answer and Explanation:

The computation of the amount of net cash provided (used) by financing activities is shown below

Cash flows from financing activities

Proceeds from issuance of bonds payable $300,000

Less: dividend paid -$40,000

Net cash flow provided by financing activities $260,000

The positive amount represent the cash inflow while on the other hand the negative amount represent the cash outflow

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