Well, yes, is that's the question
Answer:
Total cash expense= $181,675
Explanation:
Giving the following information:
Manufacturing cost:
April= $155,800
May= $190,300
Insurance is not paid in May.
Property tax is paid in November.
Depreciation is not a cash expense.
<u>Total cash payment May:</u>
Manufacturing cost May= 190,300*0.75= 142,725
Manufacturing cost April= 155,800*0.25= 38,950
Total cash expense= $181,675
Answer:
b. number of shares issued is 80,000
Explanation:
In the question, the common stock par value and the total amount is given. Moreover, paid-in capital is also given.
So, if we compute it, then it gives the number of shares issued because it contains a formula which is shown below:
Number of shares issued = (Common stock ÷ Par value)
= ($80,000 ÷ $1)
= 80,000 shares
So, paid-in capital is not relevant in the computation part, and therefore, the other options are wrong except b. option.
Answer: core service
Explanation: In simple words, core service refers to the service which are of highly value and importance to the user or provider or both.
These services are considered be essential for smooth operations of an economy or the organisation as the case may be.
In the given case, Western union has the business of transferring payments internationally. Hence we can conclude that they are providing the core service of their business.
Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.
A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:
The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).
The money of the nation whose laws and competition have the biggest impact on retail pricing.
The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).
The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.
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