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On January 1, 2010, Metco, Inc., had issued an outstanding 574,600 shares of $2 par value common stock. On March 15, 2010, Metco, Inc., purchased for its treasury 4,400 shares of its common stock at a price of $75 per share. On August 10, 2010, 1,400 of these treasury shares were sold for $84 per share. Metco's directors declared cash dividends of $1.20 per share during the second quarter and again during the fourth quarter, payable on June 30, 2010, and December 31, 2010, respectively. A 2% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. references Calculate the total amount of the cash dividends paid in the second quarter. Calculate the total amount of cash dividends paid in the fourth quarter. Calculate the number of shares of stock issued in the stock dividend.
direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. Prepare a cash budget for th..
The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:
products gamma and delta are joint products. the joint production cost of the product is 800. gamma has a market value
For property which is involuntarily converted that is replaced with similar property - what are the mandatory rules for recognition of gain or loss (an example would be great)?
activty-based costing. kaysi hoffmanthe manager of wilwater adventurers uses activity-based costing to compute the
1. allocate occupancy costs to the diaz and wright departments using the current allocation method.2. allocate the
A sporting goods store with sales for the year of $400,000 and other income of $ 32,000 has operating expenses of $132,000. Its cost of goods sold is $207,000. What are the gross margin, operating profit and net profit in dollars?
If comparative balance sheets indicate no notes receivable on the first, or base, date and a $50,000 note receivable on the laterdate, the increase of $50,000:
Prepare a journal entry to account for the payment to the retiring partner including bonus to or from the remaining partners. Include a narration.
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
George Williams buys a machine for his business. The machine costs $150,000. George estimates that the machinecan produce $40,000 cash inflow per year for the next fiveyears. George's cost of capital is 10 percent. What is the payback for this inv..
1. a company had expenses other than cost of goods sold of 262000. determine sales and gross profit given cost of goods
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