Business, 14.03.2020 03:20 SKYBLUE1015
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 using journal entries.
Answers: 3
Business, 22.06.2019 04:40, mswillm
Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Answers: 3
Business, 22.06.2019 13:20, ooEVAoo
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
Business, 22.06.2019 19:30, Wayne4345
John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.
Answers: 1
Nov. 15 Purchased 6,000 shares of Erie, Inc.’s common stock at $13 per share plus a brokerage commis...
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