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Answer:
The answer is $1,404,000
Explanation:
Total amount realized from the issuance: 40,000 shares x $24
= $960,000
Treasury stock repurchased:
6,000 shares x $26
=$156,000
Net income = $600,000
The total amount of stockholders' equity at December 31, 2018 is:
Net income + amount realized from issuance - amount of treasury stock
$600,000 + $960,000 - $156,000
$1,404,000
The correct answer is 2.2 hours.
I<span>f Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).</span>
It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date.
This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.
Based on the information the amount of penalty that Victoria will have to pay is $850.
<h3>Penalty amount:</h3>
Using this formula
Penalty amount=(Tax return×Tax rate)×2
Where:
Tax return=$8,500
Tax rate=5%
Let plug in the formula
Penalty amount=( $8,500 x 5%) x 2
Penalty amount=$425×2
Penalty amount=$850
Inconclusion the amount of penalty that Victoria will have to pay is $850.
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