On April 2, a corporation purchased for cash 7,000 shares of its own $12 par common stock at $29 a share. It sold 4,000 of the treasury shares at $32 a share on June 10, The remaining 3,000 shares were sand on November 10 for $25 a share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank Apr. 2 b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank Jun, 10 Nov. 10

Answers

Answer 1

On April 2, 7,000 shares of treasury stock were purchased for $29 per share. On June 10, 4,000 shares were sold for $32 per share, and on November 10, 3,000 shares were sold for $25 per share.

a. Journal entries to record the purchase of treasury stock:

Apr. 2

Treasury Stock = 7,000 shares x $29 =  203,000

Cash = 203,000

(To record the purchase of 7,000 shares of treasury stock at $29 per share)

b. Journal entries to record the sale of the treasury stock:

Jun. 10

Cash = 4,000 shares x $32 = 128,000

Treasury Stock = 116,000

Paid-in Capital in Excess of Par Value = 12,000

(To record the sale of 4,000 shares of treasury stock at $32 per share)

Nov. 10

Cash  = 3,000 shares x $25 = 75,000

Treasury Stock = 87,000

Paid-in Capital in Excess of Par Value = 12,000

(To record the sale of 3,000 shares of treasury stock at $25 per share)

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Related Questions

Maurice is always on time to meetings and other company events. He has never missed a project deadline, and he is usually the first person people call when they
need help. Which attribute is Maurice displaying?
O Reliability
O Communication
O Problem solving
Teamwork

Answers

Answer:

Reliability, because if he is the one everyone calls in need of help than it would be considered reliable.

Answer:

A. Reliability

Explanation:

Its this answer because he is always on time to his meeting so his boos can rely on him. He has never missed a deadline so his clients can rely on him etc.

53:1
Which of the following is true of unethical behavior?
A. It may cause people to lose trust in you.
B. It may be prevented by creating conflicts of interest.
C. It is always illegal.
D. It is regulated by administrative law.
Please select the best answer from the choices provided
A
B
C
D
Mark this and return

Answers

Answer:

A. It may cause people to lose trust in you.

Explanation:

Unethical behavior is one where an individual behaves in such a way that it is bad for others or an action that may be morally wrong. It is an action that renders the wrong perception of others.

One thing true about unethical behavior is that it can cause people to lose trust in the person. It makes the person look bad and thus add to the dishonesty, the feeling of untrustworthiness in that person.

Thus, the correct answer is option A.  

i need help with this 12 mark question I've been trying to attempt this for an hour and pls it would be nice if you can give me the answer in a 12 mark format with context from the text

i need help with this 12 mark question I've been trying to attempt this for an hour and pls it would

Answers

The importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.

What do you mean by market research?

The systematic collection, recording, and analysis of qualitative and quantitative data about problems related to the marketing of goods and services is known as marketing research.

Primary research aims to address questions that are unique to your business, giving you valuable insight into the crucial issues that have an impact on it. Additionally, the data you gather is yours.

A product's marketing is facilitated by its dependability. In a market that is extremely competitive, the marketer will be better able to sell it with confidence and success.

Therefore, the importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.

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Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.

Answers

Answer: A - expands the frontier on their production possibilities curves

Explanation:

It was correct when checked

Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.

What is business growth?

An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.

Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.

Hence, option A holds true regarding the business growth.

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how can interest rate on loan for rental property determine the rent

Answers

The interest rate on a loan for a rental property can have an impact on the amount of rent a landlord charges. If the interest rate is high, the landlord may need to charge more rent to cover the cost of the loan. If the interest rate is low, the landlord may be able to charge less rent.

Mobile T inc. Purchased equipment for $100,000 on January 1, Year 1. The equipment had an estimated 10-year useful life and a $20,000 salvage value. McCarron uses the straight-line depreciation method. In its Year 2 income statement, what amount should McCarron report as depreciation expense for the equipment?

Answers

In its Year 2 income statement, McCarron should report a depreciation expense of $8,000 for the equipment purchased from Mobile T Inc. on January 1, Year 1. This depreciation expense is calculated using the straight-line depreciation method, which evenly distributes the cost of the equipment over its useful life.

The straight-line depreciation method divides the cost of the equipment ($100,000) minus the salvage value ($20,000) by the useful life (10 years) to determine the annual depreciation expense. In this case, the depreciable base is $80,000 ($100,000 - $20,000), and when divided by 10 years, it results in an annual depreciation expense of $8,000.

By reporting $8,000 as the depreciation expense in its Year 2 income statement, McCarron accurately reflects the gradual reduction in the value of the equipment over time, ensuring the recognition of appropriate expenses associated with its use.

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How did Joe Biden get president?
⇔∈∉∧⊇←²³√∛·×÷±≈≠≥≤≡≅⇒,㏒

Answers

Answer:

Dont know im canadian

Explanation:

A health insurance company wants the opportunity to cover the accounts of all county employees. In order to land this account. they must get the approval of the county board of directors. The board members mention that they are taking some time off to prepare for the holidays and say that the company might stay on their minds if they were given some holiday spending cash. What kind of crime is this an example of?

A. individual Occupational Crime
B. Professional Occupational Crime
C. State Authority Occupational Crime
D. Organizational Occupational Crime​

Answers

Answer:

State Authority Occupational Crime

Explanation:

crimes which occur through the individual exercise of state authority; more specifically, these are crimes that occur through use of power lawfully vested in a person charged with the responsibility to enforce laws or to command others.

According to the given case, the kind of crime is this an example of State Authority Occupational Crime. The correct option is (C).

What do you mean by the Occupational Crime?

A crime committed by someone while working is referred to as an occupational crime. Occupational crime, also referred to as workplace crime, includes a wide range of criminal behaviours, such as theft or embezzlement, money laundering, and the improper use of business assets or information.

Business professionals in the private sector are not the only ones who are victims of occupational crime. Corruption of public servants is regarded as a form of occupational crime. Industry-specific crime may also occur in the workplace.

Individual, state authority, and organizational are three of the four categories of occupational crime. Criminal acts undertaken by an individual for financial advantage, such as filing fictitious expense reports, are known as individual occupational crimes.

Therefore, the given case, the kind of crime is this an example of State Authority Occupational Crime.

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Imagine you’re working on an important project at work. You’re writing some content about space exploration for your client. Your client has promised to send you a list of approved encyclopedias or reference books that you can use for your article. However, you haven’t received it yet. Write an email asking the client to provide you with the list. Remember to follow the email etiquette you learned in this lesson: Address your recipient by name. Mention the subject of the mail in the subject line. Clearly state the purpose of your email in the first sentence. End with an appropriate complimentary close. Make sure that your language is formal and professional.

Answers

Answer:

Subject: Request List: Approved Reference Books for Space Exploration Article

Dear Mr. Jackson,

I am writing to request you to email me the list of approved reference books for the space exploration article. We had discussed some tentative suggestions in our previous meeting. We are a bit behind schedule with writing the article. The reference book list will be a great help to us. Thank you for your time in considering this request.

Sincerely Yours,

Janice Collins

Head Writer

Star Communications

2563 Maple Road

Sunny City, CA 4523

Tel: (123) 456-7890

THIS IS THE EXAMPLE ANSWER!

A person who fails to make loan payments on time is likely to face which
consequence?
A. Paying higher interest rates on future loans
B. Having his or her credit score greatly increased
C. Being arrested and charged with bank fraud
D. Being given a lower debt-to-income ratio

Answers

the answer is A. Paying higher interest rates

A person who fails to make loan payments on time is likely to face the consequence of paying higher interest rates on future loans. The correct option is A.

When a borrower fails to make loan payments on time, it can negatively affect their credit score. This can make it harder to obtain future loans or credit cards, and lenders may charge higher interest rates to compensate for the increased risk of lending to someone with a lower credit score.

It is important to note that failing to make loan payments on time does not typically result in being arrested and charged with bank fraud. However, it is important to communicate with the lender and work out a plan for repayment to avoid further consequences such as defaulting on the loan or having the loan sent to a debt collection agency.

Thus, the ideal selection is option A.

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Personal finance skills have the most significant impact on an individual’s

Answers

Answer:

quality of life.

Explanation:

Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.

Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.

Thus the correct answer would be 'that the person will have a quality of life.'

Answer:

C: Quality of life

Explanation:

on edge2021! hope this helps!~ (*^▽^*)

don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?

Answers

Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.

What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.

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Assignment Questions
1. Describe the attitude you have toward technology. Describe at least two ways in which
technology has affected your life. (2-4 sentences. 1.0 points)

Answers

Answer:

I see technology as an essential part of life nowadays. Importance of technology has drastically increased in past 5 years.

For me technology is now a basic need as i obtain the latest updates on my phone rather than a newspaper.

The study i do for my subjects is done on my phone as well on a soft copy document.

Explanation:


What do taxes pay for?​

Answers

Everything the top person said

Which answer provides the best definition of a subsistence crop? crops raised to earn a profit for the family food items harvested from the wilderness crops grown to trade for hardware and lumber plants and animals grown to keep a family alive?

Answers

Answer:

plants and animals grown to keep a family alive

Explanation:

Subsistence farming happens when farmers grow food crops and rear animals just for the needs of themselves and their families. In this type of agriculture, farm output is targeted to for the survival of the family and is mostly for local requirements and it has little or no surplus. Planting decisions are made principally towards the need of the family. They are strictly for family maintenance

Pretty sure its:

plants and animals grown to keep a family alive

how to think like a computer scientist learning with python 3

Answers

To think like a computer scientist, it is important to develop problem-solving skills and learn to approach programming tasks systematically. 'How to Think Like a Computer Scientist: learning with python 3' is a valuable resource that introduces fundamental programming concepts and teaches students how to break down problems, design algorithms, and write code using Python.

To think like a computer scientist, it is important to develop problem-solving skills and learn to approach programming tasks systematically. One way to do this is by learning Python, a popular programming language used by many computer scientists. The book 'How to Think Like a Computer Scientist: learning with python 3' by Peter Wentworth, Jeffrey Elkner, Allen B. Downey, and Chris Meyers is a valuable resource for learning Python and developing computational thinking skills.

The book introduces fundamental programming concepts and teaches students how to break down problems, design algorithms, and write code using Python. It covers topics such as variables, expressions, control structures, functions, recursion, and object-oriented programming. By working through the exercises and examples in the book, students can learn to think like a computer scientist and apply their knowledge to solve real-world problems.

Python is a versatile programming language that is widely used in various fields, including web development, data analysis, artificial intelligence, and scientific computing. Learning Python can open up many opportunities for students interested in pursuing a career in computer science or related fields.

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Which of these careers include supervising others?


welder
welder

project manager
project manager

foreman
foreman

forklift operator

Answers

The careers  that needed supervision of others are  welder and foreman. Thus option (a) and (b) are correct.

Who is a welder?

A welder is a skilled tradesperson who specializes in joining pieces of metal or thermoplastics together using various welding techniques.

Welders must have a good understanding of welding techniques and materials, as well as safety practices and regulations. They use a variety of tools and equipment such as welding machines, cutting tools.

The  welder and foreman are the professions that need supervision of others. Therefore, option (a) and (b) are correct.

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Given two goods, X and Y, and their prices, PX and PY a consumer will maximize total utility by allocating expenditures such that
MUX/PX = MUY /PY

Answers

A consumer will maximize total utility by allocating expenditures such that MUX/PX = MUY/PY for two goods, X and Y, with respective prices PX and PY.

To maximize total utility, a consumer must allocate their expenditures efficiently between goods X and Y. This can be achieved by equating the marginal utility per dollar spent (MUX/PX and MUY/PY) for both goods. Here's a step-by-step explanation:

1. Calculate the marginal utility (MU) of each good, which represents the additional satisfaction obtained from consuming one more unit of the good.
2. Divide the MU of each good by its respective price (PX or PY) to find the marginal utility per dollar spent.
3. Compare the marginal utility per dollar spent for both goods, and allocate expenditures accordingly.
4. If MUX/PX > MUY/PY, the consumer should buy more of good X and less of good Y, as good X provides more utility per dollar spent.
5. If MUX/PX < MUY/PY, the consumer should buy more of good Y and less of good X, as good Y provides more utility per dollar spent.
6. The consumer reaches maximum utility when MUX/PX = MUY/PY, as they are efficiently allocating their expenditures between both goods.

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Do you agree or disagree that world history revolves around money? Why or why not?

Answers

Answer:

I agree

Explanation:

Battles and soldiers during the world wars both 1 and 2 were surrounded by money to me because for instance when Hitler was around he was only there for the money and if it wasnt bc of that it was bc of the aryan race

but thats besides the fact that i believe that history is a mixed up feelng of what happened in that time era

hope this helps

g frictional unemployment refers to: a. unemployment related to the ups and downs of the business cycle. b. people who spend relatively long periods out of work. c. workers who are between jobs. d. people who are out of work and have no job skills.

Answers

Frictional unemployment refers to people temporarily between jobs. They may have quit one job to find another, or they could be trying to find an adequate opportunity after graduation.

Frictional unemployment is the outcome of voluntary employment transitions within an economy. Frictional unemployment arises in a growing, stable economy. Workers hauling from job to job and fresh workers joining the workforce contribute to frictional unemployment. It is also induced by those choosing to prioritize taking care of their family, returning to school, or finding purpose in life. It varies from cyclical unemployment as well as structural unemployment.

When frictional unemployment is high, employers may find it hard to enclose talent. Like all different conditions of unemployment, there are downstream implications that influence companies and management.

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What is the effect of wordsworth’s use of the word company in this passage? the word shows that the speaker does not feel lonely when he is surrounded by daffodils. the word suggests that the flowers are united against the speaker. the word emphasizes that the speaker is willing to work hard. the word signals the speaker’s inability to understand the meaning of the daffodils.

Answers

The effect of Wordsworth’s use of the word company in this passage is: The word shows that the speaker does not feel lonely when he is surrounded by daffodils.

What is company?

Company means to be around people or to be around of people or someone that makes you happy and keep you company.

Wordsworth’s using the word company signifies that the speaker is  not lonely whenever daffodils are around him.

Therefore the correct option is A.

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Answer:

A

Explanation:

producer surplus equals profit plus fixed cost. total revenue minus the sum of all marginal cost. total revenue minus total variable cost. all of the above.

Answers

Producer surplus can be defined using various terms. In this case, the correct answer is:  Producer surplus equals total revenue minus total variable cost.


This means that the producer surplus is the difference between the total revenue generated from selling a good or service and the total variable costs incurred in producing that good or service. Variable costs are those costs that change with the level of production, such as raw materials and labor.

Producer surplus is the difference between the total revenue received by a producer and the cost of producing the goods or services. It can be calculated using various methods, including subtracting the sum of all marginal costs from total revenue or subtracting total variable cost from total revenue.

However, it's important to note that producer surplus does not include fixed costs, so it does not equal profit plus fixed cost. Therefore, the correct answer to your question is: total revenue minus total variable cost.

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commercial banks hold deposits and

Answers

Anddd??? What?? You just typed and stopped midway lol
? Umm I don’t get it

Fansheen launched a new variant, Fansheen Green, with natural ingredients, during its national sponsorship of the season finale of Frantic Housewives. An estimated 19 million households tuned in to watch that season finale. What was the program rating for that episode of the show

Answers

The program rating for the episode of Frantic Housewives where Fansheen launched their new variant, Fansheen Green, cannot be determined from the information given. The number of households that tuned in to watch the season finale, which is 19 million, refers to the viewership or audience size.

Program rating, on the other hand, is a percentage that represents the proportion of households with televisions that watched a specific program. It is calculated by dividing the number of households that watched the program by the total number of households with televisions in the designated area or market.

To determine the program rating for the episode, we would need information about the total number of households with televisions in the area or market where the show aired. Without this data, we cannot calculate the program rating.

In summary, the program rating for that episode of Frantic Housewives is unknown based on the given information.

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Which is an umbrella term referring to any type of Internet transaction?

Answers

Answer:

e-business

Explanation:

Which is an umbrella term referring to any type of Internet transaction? useful. Businesses evaluate the quality and source of the information they obtain to make sure the information is: It may be one part of a business's overall information management program.

Answer:

e-business

Explanation:

e-business is an umbrella term referring to any type of Internet transaction

isabella’s landlord has included a clause in the rental contract that makes it possible for him to increase isabella’s monthly rent if taxes on the property go up. which clause was included in the contract?

Answers

Answer:

Escalator clause

Explanation:

You are the executive director of the local animal humane society. A staff member you supervise has been working at the society for less than one year. At the 6-month, you discuss with this employee that they seem to have mastered the basic tasks of the job but not the more difficult tasks. You have noticed lately that they seem a bit disillusioned about the job and the process of caring for these animals that seem so sad to be in the facility. Based on the Situational Leadership Approach, which leadership style should you exhibit

Answers

Answer: Delegation

Explanation:

Delegation is one of the beauty of leadership. When a leader leads and wants to do everything, those under him would find it growing or come out of their shells but delegation would bring them out of those shell, expose them and expose or display the leader in them.

Another thing delegation does while making people lead is that it makes them value the products, job or organization than how they saw it previously.

As an executive director, I would love to delegate so they take those tough roles important

If real gdp per capita in the united states is $8,000 in 2022, and if real gdp per capita is $12,000 in 2032, what is the total percent change in the growth rate of gdp per capita between 2022 and 2032?

Answers

To calculate the total percent change in the growth rate of GDP per capita between 2022 and 2032, we need to use the formula for the compound annual growth rate (CAGR). The formula for CAGR is ((Ending Value/Beginning Value)^(1/Number of Years))-1.

So, using the values given in the question, we can calculate the CAGR as ((12,000/8,000)^(1/10))-1. This gives us a CAGR of 4.1%.

Therefore, the total percent change in the growth rate of GDP per capita between 2022 and 2032 is 41% (calculated by multiplying the CAGR by 10 years).

This means that the real GDP per capita in the United States is expected to grow by 41% between 2022 and 2032. This growth rate is a positive sign for the economy, as it indicates that the country is becoming more prosperous and people are becoming wealthier. This growth could be driven by various factors, such as technological advancements, increased productivity, and investment in infrastructure and education.

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What the possible careers in Law​

Answers

Answer:

Types of Law Careers. Banking and Insurance: Administrative Law Officer, Specialist Law Office. Public Prosecutor. State-Level or Local-Level Judge.

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form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco

Answers

Answer:

its option c

Explanation:

just found it the other guy is also correct

Other Questions
Multiply (x + 1)^3(x + 1)^3 = (x + 1)(x + 1)^2 = (x + 1)(x^2 + 2x + 1) = x^3 +_____ x^2 +_____ x + _____ Identify the missing nuclide in the following nuclear equation: 214 Pb 0 e + ?82 -1A. Pb-215.B. Bi-214.C. Pb-213.D. TI-215.E. TI-214. How will an increase in the distance a substance must travel affect the diffusion rate?Diffusion rate will remain constant.Diffusion rate will not be affected.Diffusion rate will increase.Diffusion rate will decrease. Check all that apply. What are the characteristics of an authoritarian Government? *one leader and political partya list of guaranteed rights protected by the governmenteasy access to information for everyoneuse of force and secret police to keep controlgovernment controlled education Hi please help Ive been given two different answers for 7 While planning his day trip, Tristan decided to visit the tallest point in Georgia. What region will he have to visit? in the united states, the prevalence of unipolar depression in boys is This is an individual work. Each Submission should be the result of independent workProblem 1 We assume a newsvendor model for the retailer (ONE SHOT ITEM). The manufacturers profit is given by : Pm = (w m) Q * ; where, m is the production unit cost incurred by the manufacturer and Q* is the optimal quantity ordered by the retailer Consider a retailer receiving orders from a manufacturer and facing a consumer demand that is normally distributed. Data: r = 100 | w = 50 | s = 20 | m=30 | ED = = 1000 | stded_D = standard deviation = 3001. Find the optimal Quantity and the profits the retailer and that of the manufacturer2. Change w between 31 and 99 and PLOT Pm, Pr and Pt = Pr+ Pm3. What is the optimal price the manufacturer should set?4. Identify from 2. the corresponding quantity Q that the retailer should set5. Conclude based on our class discussion The graph of the set of ordered pairs below represents a linear function. Find the rate of change.{(1,3), (2,5), (3,7), (4,9)} 100 points!! What is the area of the object? a) Three points A, B and C have position vectors = -1 + 2+ 3k, 6 = 21 - 4; + k , c = 31 +1 respectively, relative to a fixed origin O. i) Evaluate the scalar product (6 - a). (c-a). Hence calculate the size of angle BAC, giving your answer to the nearest degree. ii) Given that ABCD is a parallelogram, determine the position vector of point D. What are the stipulations of the Occupational Health and Safety Act, 1993, Guidelines for Driven Machinery Regulations, 2015, Number 11 (1) (a), (b), and (c) regarding slitting machines? what is 450x12 PLZ HELP ME I NEED HELP 18 > 5k + kA. K> 3B. K >-6C. K > - 1D. K If a car is traveling on a highway and arrives at its destination 56 miles away after 4 hours, what is its speed? Need solution of these questions But Fast PleaseFind the power series representation 4.) f(x) = (1 + x)/3 of # 4-6. State the radius of convergence. 5.) f(x) = sin x cos x (hint: identity) 6.) f(x) = x4x PLS HELP ME!!!Please list any 15 Spanish-speaking countries and their information. Please number them. which of the following is a correct statement regarding the nature and timing of communications between an accounting firm performing an initial audit of an issuer and the issuer's audit committee? What integer does the arrow indicate?2-222-18 how many syllables are in supercalifragilisticexpialidocious