Fechter Corporation had the following stockholders’ equity accounts on January 1, 2020: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par—Common Stock $200,000, and Retained Earnings $100,000. In 2020, the company had the following treasury stock transactions.

Mar. 1 Purchased 5,000 shares at $8 per share.
June 1 Sold 1,000 shares at $12 per share.
Sept. 1 Sold 2,000 shares at $10 per share.
Dec. 1 Sold 1,000 shares at $7 per share.

Fechter Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $30,000.

Required:
Journalize the treasury 2020, for net income.

The ceiling price based on the information given is B $81.18. Therefore, the correct option is B.

Ceiling price refers to the maximum price that can be legally charged for a product or service. It is often set by government authorities or regulatory bodies to protect consumers from excessive pricing or to control inflation. The ceiling price acts as a price cap, preventing sellers from charging prices above the specified limit.

Ceiling prices are typically implemented during emergencies, crises, or in industries where there is a lack of competition.

Ceiling Price = PTA + (Target Price - PTA) x Government Share Ratio

Plugging in the given values, we get:

Ceiling Price = $73.97 + ($70 - $73.97) x 72/28

= $81.18

Learn more about ceiling price on

https://brainly.com/question/4120465

#SPJ1

Answer:

mavi jeans sold in special store around 50 countries. Those jeans also sold in 280 retail stores . Mavi having a very great "menu" approach by using product mix.

pls Mark me as brainliest trust me...

Answer:

The audience will be professional from various tech companies and organization that uses technology.

Explanation:

The audience will be IT experts from various organization who will have detailed knowledge of technological advancements in the world. As a CEO, I should have deep and extensive knowledge about the technology and should be able to answer the questions raised by the audience.

There are a few fundamental elements to be kept in mind when assessing potential mortgage offers, which include:

Interest rate: This is one of the key components to ponder upon when evaluating different mortgages. A lower interest rate entails smaller monthly payments as well as a decrease in sum spent on interest overall during the duration of the loan.

Loan term: The length of the loan is another aspect that should not go unnoticed. When opting for a briefer loan, more money will be spent towards monthly payments but correspondingly less towards interest. However, if you desire a longer period, then the opposite is true with fewer monthly payments but expenditure on interest increases.

Closing costs: It is essential to take closing fees into consideration since they can end up reaching staggering heights. Closing costs refer to every single amount related to taking out a mortgage and ought to be given due thought before deciding on an offer.

Read mroe on mortgage offers here:https://brainly.com/question/30820217

#SPJ1

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= \((5700-1000)\times 98 \ percent\)

= \((5700-1000)\times 0.98\)

= \(4700\times 0.98\)

= \(4606\) ($)

Answer:

C. a new pair of jeans

Explanation:

Answer:

c

Explanation:

Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.

Difference between critical and creative thinking:

Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.

On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.

Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.

While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.

Positive use of leisure time:

Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:

Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.

Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.

Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.

Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.

Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.

For more such question on information. visit :

https://brainly.com/question/24553900

#SPJ8

The sentence that best describes how subject lines should be created is C) Bias-free language avoids words and phrases that unfairly stigmatize people.

When recipients receive an email from  someone especially from an organization, then the subject line  serves as the first single-line text they see after the sender's name.

It should be noted that the The sender's name, the subject line,  as well as the preview text are the first three items that would be  seen in an email when it arrives in the inbox before it is been clicked open for the receiver of the message.

Learn more about subject lines at:

https://brainly.com/question/30543112

#SPJ1

complete question;

Which of the following best describes bias-free language?

A) Bias-free language is often unethical.

B) Bias-free language makes the user sound prejudiced.

C) Bias-free language avoids words and phrases that unfairly stigmatize people.

D) Bias-free language supports the stereotypes and prejudices that it reflects.

E) Bias-free language communicates from the audience's point of view and generally supports the audience's interests and preferences.

The standard deviation is 0.749 and the probability distribution's mean is 0.63.

A set of data values' variation or dispersion from their mean (average) is measured by their standard deviation. It tells how far apart the individual data points are from the data set's mean value. To put it another way, it is a measure of how different the data are from the mean. A standard deviation that is smaller indicates that the data points are closer to the mean, while a standard deviation that is larger indicates that the data points are further from the mean. It is calculated by taking the square root of the variance, and it is frequently used in statistical analysis.

To know more about Standard Deviation, visit:

https://brainly.com/question/13905583

#SPJ1

Answer 23%

Explanation:

1. The (a) the due date and (b) the amount of interest due at the maturity of the six notes receivable by Water Closet Co. are as follows:

  Due Date   Interest at

                      Maturity

1.  May 5         $500

2. May 22       $300

3. Dec 10        $600

4. Nov 21         $180

5. Feb 17         $360

6. Jan 29        $450

2. The Journal Entry to record the dishonor of Note 3 on December 10 is as follows:

December 10:

Debit Accounts Receivable $36,600

Credit Notes Receivable $36,000

Credit Interest Receivable $600

3. The adjusting Journal Entries to record the accrued interests on Notes 5 and 6 on December 31 are as follows:

December 31:

Debit Interest Receivable $168

Credit Interest Revenue $168

Debit Interest Receivable $160

Credit Interest Revenue $160

4.  The Journal Entries to record the receipt of the amounts due on Notes 5 and 6 in January and February are as follows:

January 29:

Debit Cash $72,450

Credit Notes Receivable $72,000

Credit Interest Receivable $160

Credit Interest Revenue $290

February 17:

Debit Cash $48,360

Credit Notes Receivable $48,000

Credit Interest Receivable $168

Credit Interest Revenue $192

Date          Face Amount     Term     Interest Rate Due Date   Interest at

                                                                                                     Maturity

1. Mar. 6         $75,000         60 days         4%          May 5         $500

2. Apr. 7           40,000         45 days         6%          May 22       $300

3. Aug. 12        36,000        120 days         5%          Dec 10        $600

4. Oct. 22        27,000         30 days         8%          Nov 21         $180

5. Nov. 19        48,000         90 days         3%          Feb 17         $360

6. Dec. 15        72,000         45 days         5%          Jan 29        $450

3. Accrued Interests on December 31:

Note 5: $168 ($48,000 x 3% x 42/360)

Note 6: $160 ($72,000 x 5% x 16/360)

Learn more about notes receivable due date and interest at https://brainly.com/question/14289371

#SPJ1

"Sariah sets lofty sales targets for her team" is an example of planning.

Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning.

The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.

An essential characteristic of intelligent conduct is planning.

It entails applying logic and creativity to visualize both the desired outcome and the processes required to get there.

Planning's relationship to forecasting is a crucial factor.

Planning envisions what the future may look like while forecasting attempts to anticipate what it will look like.

"Sariah sets ambitious sales targets for her team" is an example of planning.

Therefore, "Sariah sets lofty sales targets for her team" is an example of planning.

Know more about Planning here:

https://brainly.com/question/25453419

#SPJ1

Correct question:

"Sariah sets challenging sales targets for her team" is an example of ____.

Answer:

B

Explanation:

Even if a firm goes public, its stock might still be overvalued or undervalued - the firm's value might diverge from its intrinsic value. Intrinsic value is value based on a firm's fundamentals. Going public doesn't guarantee that the firms value would merge with its intrinsic value

A privately held firm is a firm whose shares are not publicly offered. It is not listed on the stock exchange. When a private firm decides to go public for the first time, the transaction is called an initial public offering

Assuming that we are talking about a demand and supply graph for gasoline, a decrease in price from $3.00 to $2.50 per gallon would shift the demand curve slightly to the right.

To calculate the new consumer surplus, we need to find the area under the demand curve and above the new equilibrium price of $2.50 per gallon up to the quantity demanded of 16 billion gallons. This area can be calculated as a triangle with a base of 16 billion gallons and a height of ($3.00 - $2.50) = $0.50 per gallon.The area of this triangle is 0.5 x 16 billion x $0.50 = $4 billion.Therefore, the new consumer surplus would be $4 billion, which is higher than the previous consumer surplus of $3.2 billion at the higher price of $3.00 per gallon.

To learn more about gasoline click the link below:

brainly.com/question/14779295

#SPJ1

Answer:

Monetary policy that lowers the interest rate is called expansionary, because it increases aggregate demand.

Explanation:

The monetary policy that generates a drop in interest rates is called expansionary, since it generates that, as the eventual benefits from investments in public bonds are lower, the capital is turned over to consumption or to the financing of private investments, thus generating a greater economic growth. In this way, as there is a greater circulation of money, the population demands greater quantities of goods and services, which ends up reactivating the economy.

By using the price elasticity of demand formula, the quantity of messenger bags that would be sold per week is 240 messenger bags.

Mathematically, the price elasticity of demand can be calculated by using the following formula;

Price elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]

For the change in price, we have:

Change in price, ΔP = P₂ - P₁

Change in price, ΔP = $44 - $36

Change in price, ΔP = $8

From the midpoint formula, the midpoint price is given by:

Midpoint price, P = (P₂ + P₁)/2

Midpoint price, P = ($44 + $36)/2

Midpoint price, P = $80/2

Midpoint price, P = $40

For the change in quantity, we have:

Change in quantity, ΔQ = Q₂ - Q₁

Change in quantity, ΔQ = Q₂ - 400

From the midpoint formula, the midpoint quantity is given by:

Midpoint quantity, Q = (Q₂ + Q₁)/2

Midpoint quantity, Q = (Q₂ + 400)/2

Midpoint quantity, Q = 0.5Q₂ + 200

Now, we would substitute the parameters into the formula for price elasticity of demand:

-2.5 = (Q₂ - 400)/8 × 40/0.5Q₂ + 200

Evaluating the above, we have:

-2.5(0.5Q₂ + 200) = 5(Q₂ - 400)

-1.25Q₂ - 500 = 5Q₂ - 2000

5Q₂ + 1.25Q₂ = 2000 - 500

6.25Q₂ = 1500

Q₂ = 1500/6.25

Q₂ = 240 messenger bags.

Read more on price elasticity here: brainly.com/question/24384825

#SPJ1

Complete Question:

The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week? Use the midpoint formula.

Answer:

1. Adjustments of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

Explanation:

Inflation can be described as a sustained increase in the general price level of commodities within a country over a period of time.

The following are the reasons inflation in the real world result in shortages and surpluses:

1. Adjustmensts of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

Answer:

Oriole Company

a. Journal Entries:

1. December 31, 2020:

Accounts Titles        Debit          Credit

Patent                 $311,500

Goodwill             355,000

Franchise           435,000

Copyright           162,000

R & D expense 225,000

Intangibles                              $1,488,500

To transfer out to individual intangible accounts.

2. Amortization Expense:

Accounts Titles        Debit          Credit

Debit Amortization Expenses:

Patent                   $44,500

Franchise              $21,750

Copyright              $13,500

Accumulated amortization       $79,950

To record amortization expense for the year.

3. December 31, 2020 balances:

December 31, 2020 Balances:

                       Book Value     Amortization Expense  Net Book Balance

Patent                 $311,500       $44,500                           $267,000

Goodwill             355,000       $0                                     $355,000

Franchise           435,000       $21,750                             $413,250

Copyright           162,000        $13,500                            $148,500

R & D expense 225,000        $225,000                         $0

Explanation:

a) Data and Calculations:

1/2/20 Purchased patent (7-year life) $311,500

4/1/20 Purchase goodwill (indefinite life) 355,000

7/1/20 Purchased franchise with 10-year life; expiration date 7/1/30 435,000

8/1/20 Payment of copyright (5-year life) 162,000

9/1/20 Research and development costs 225,000

$1,488,500

Amortization Expenses:

Patent = $44,500 ($311,500/7)

Goodwill = $0

Franchise = $21,750 ($435,000/10 * 6/12)

Copyright = $13,500 ($162,000/5 * 5/12)

Total  =     $79,950

December 31, 2020 Balances:

                       Book Value     Amortization Expense  Net Book Balance

Patent                 $311,500       $44,500                           $267,000

Goodwill             355,000       $0                                     $355,000

Franchise           435,000       $21,750                             $413,250

Copyright           162,000        $13,500                            $148,500

R & D expense 225,000        $225,000                         $0

Answer and Explanation:

The journal entries are shown below:

Accounts Payable $10,000

      To Notes payable $10,000

(Being the issuance of the note is recorded)

Interest expense $125 ($10,000 × 5% × 90 days ÷ 360 days)  

Notes payable $10,000

            To Cash $10,125

(Being the cash paid is recorded)

These two entries should be recorded for the given transaction  

Answer:

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

Dr Cost of goods sold $330,000

Cr Inventory $330,000

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

3. Dec. 13

Dr Cash $470,250

Cr Sales Discounts $4,750

Cr Accounts Receivable $475,000

Explanation:

Preparation of a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

(To record the sales on account)

Dr Cost of goods sold $330,000

Cr Inventory $330,000

(To record the cost of goods sold)

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

(To record the Sales return and allowance)

3. Dec. 13

Dr Cash $470,250

($475,000 - $4,750)

Cr Sales Discounts $4,750

[($500,000 - $25,000) * 1%]

Cr Accounts Receivable $475,000

($500,000 - $25,000)

(To record the balance due from Arte Co.)

Answer:

Explanation:

25 months

Answer: automation, rationalization, redesigning, and paradigm shift.

Explanation:

The four kinds of structural organizational change enabled by IT, in order from least to most risky, are automation, rationalization, redesigning, and paradigm shift.

In automation, it should be noted that the employees are typically enabled to perform tasks more efficiently. Paradigm shift has to do with fundamental changes that occurs with the underlying assumption

Answer:

Equity is not changed by credit or purchases on account.

The correct is C. It has no effect

Explanation:

I am positive. Have a great day!

Financial aid letters show your aid and costs of attendance for an academic year.

This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.

The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.

These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.

The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.

In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.

Find out more on college financial aid at https://brainly.com/question/26499492

#SPJ1

Answer:

D

Explanation:

Simple. It looks hard but it is simple.

Just take 6.5k, and multiply it by 4 (quarterly), and you get 26K.

Any questions?

The total tax liability for the year is $26,000. Thus, the correct answer is option d.

Tax liability is the payment owed by an individual, business, or other entity to a federal, state, or local tax authority.

The tax liability for the year is calculated as-

The first quarter payment is $6,500

The total quarter in a year is 4.

Assuming equal quarterly payments, the tax bill for the year :

$6,500× 4 = $26,000

Therefore, the total tax bill for the year if they were equal quarterly payments is $26,000.

To learn more about total tax liability, click here:

https://brainly.com/question/9796424

#SPJ6

Answer:

A. Cost center.

B. Departmental accounting system.

C. Investment center.

D. Operating department.

E. Service department.

F. Profit center.

G. Responsibility accounting system.

Explanation:

A. Cost center: incurs costs without directly yielding revenues.

B. Departmental accounting system: provides information used to evaluate the performance of a department.

C. Investment center: holds manager responsible for revenues, costs, and investments.

D. Operating department: engages directly in manufacturing or in making sales directly to customers.

E. Service department: does not directly manufacture products but contributes to profitability of the entire company.

F. Profit center: incurs costs and also generates revenues.

G. Responsibility accounting system: provides information used to evaluate the performance of a department manager.

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

The average of the three smoothie shop sales is $352,000.

A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.

The annual sale of the first smoothie shop is $300,000

The annual sale of the second smoothie shop is $344,000

The annual sale of a third smoothie shop is $412,000

The average sale of smoothie shop = total of sales/ number of shops

= (300,00 + 344,000 + 412,000) / 3

=$352,000

Therefore, the average sales of the three shops are $352,000.

Learn more about sales, here:

https://brainly.com/question/24298208

#SPJ6

Answer:

The total debt on the balance sheet is $98.8 million x 50% = $49.4 million.

Explanation:

The current portion of debt is given as $30.6 million, so the long-term debt is $49.4 million – $30.6 million = $18.8 million.

The balance of common stock and paid-in surplus is $26.4 million, which means the retained earnings balance would be: $98.8 million – $30.6 million – $18.8 million – $26.4 million = $22.0 million.

Therefore, the balance for long-term debt on Sophie’s Tobacco Shop’s balance sheet is $18.8 million, and the balance for retained earnings is $22.0 million.

Yes, Sooraj is effective in his work as a salesman in selling pet accessories and food.

He has been given a target of selling 1200 units of food packets in a month by offering a maximum of 10% discount to his customers. In order to meet his monthly sales target, on the last two days of the month, he offers a 15% discount to his customers. There are many reasons to support the effectiveness of Sooraj as a salesman.

One of the primary reasons is that he has been able to achieve his monthly sales target by offering a maximum of 10% discount to his customers. This indicates that he is able to effectively communicate the value of the pet accessories and food to his customers, and is also able to offer a discount that is appealing to them.

Secondly, Sooraj is also effective because he is able to identify when he needs to offer a higher discount to meet his monthly sales target. By offering a 15% discount on the last two days of the month, he is able to entice more customers to purchase the pet accessories and food packets, thereby increasing his chances of meeting his sales target.

In conclusion, Sooraj is effective in his work as a salesman because he is able to achieve his monthly sales target by offering a discount that is appealing to his customers. Additionally, he is also able to identify when he needs to offer a higher discount to meet his monthly sales target.

Know more about Accessories here:

https://brainly.com/question/20638449

#SPJ8

In many countries, including United States, there are laws that regulate the employment of minors, including the hours that they are allowed to work.

Employment refers to state of being employed or having a job, where an individual provides labor in exchange for a salary, wages, or other forms of compensation. It is a fundamental aspect of modern society and an essential means of survival for most people. Employment can take many forms, including full-time, part-time, temporary, or contract work. In addition, it can be self-employment, where an individual is their boss, or working for an organization or company. Employment provides individuals with financial stability, a sense of purpose, and an opportunity for personal and professional growth. It is crucial for economic growth and development, and governments worldwide prioritize creating jobs and reducing unemployment rates to ensure stability and prosperity.

To learn more about employment, visit:

https://brainly.com/question/28932088

#SPJ1

Answer:

1 2/17

Explanation:

7/34+31/34=38/34=19/17=1 2/17