The Glass Company had the following transactions and adjustment related to a stock investment: 2016 Nov. 15 Purchased 6,000 shares of Erie, Inc.’s common stock at $13 per share plus a brokerage commission of $750. Glass expects to sell the stock in the near future. Glass is unable to exercise any significant control over Erie. Dec. 22 Received a cash dividend of $2.10 per share of common stock from Erie. Dec. 31 Made the adjusting entry to reflect year‑end fair value of the stock investment in Erie. The year‑end market price of the Erie common stock is $12.25 per share. 2017 Jan. 20 Sold all 6,000 shares of the Erie common stock for $66,900. Record the transactions and adjustment of the Glass Company
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Business, 21.06.2019 20:40, blackops3318
Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?
Answers: 3
Business, 22.06.2019 08:30, bartonamber4042
What has caroline's payment history been like? support your answer with two examples
Answers: 3
Business, 22.06.2019 16:50, babydolltia28
The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?
Answers: 1
Business, 22.06.2019 20:20, gbrightwell
Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.
Answers: 2
The Glass Company had the following transactions and adjustment related to a stock investment: 2016...
Mathematics, 04.06.2020 14:02
Mathematics, 04.06.2020 14:03