Answer:
$600 million
Explanation:
On January 1, 2020, the balance of common stock & APIC is derived as follows:
Common stock & APIC = Paid-In Capital + Capital raised from selling 50 million shares at $20 each - Treasury Stock
This gives:
Paid-In Capital = $500 million
Issuance of 50 million shares at $20 each amounts to:
Treasury Stock involves buying back 20 million shares priced at $45 each.
Inserting the numbers leads to:
Common stock & APIC = $500 million + $1000 million - (20 million shares × $45 each)
Therefore, Common stock & APIC = $1500 million - $900 million = $600 million
Answer:
the right response is
A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.
good luck
Answer:
4.88%
Explanation:
To determine the interest rate, use the formula:
r=(FV/PV)^(1/n)-1, where
r=interest rate
FV= future value= 423.17*(12*5)=423.17*60=$25,390.2
PV= initial amount= $20,000
n= time periods= 5
Substituting the values into the equation yields:
r=(25,390.2/20,000)^(1/5)-1
r=1.048-1
r=0.0488→4.88%
This indicates that the bank's annual interest rate is 4.88%.
Answer:
A label indicating "the letter is Unclassified when separated from classified enclosures"
Explanation:
Answer:
C) $88,000
Explanation:
A period cost refers to expenses that cannot be capitalized through inventory or other assets.
Under the variable costing method, fixed costs are classified as period costs.
Fixed costs:
Fixed manufacturing overhead: $60,000
Fixed selling and administrative expense: $28,000
