On February 1, 2018, Cue Company acquired 1,400 shares of its $1 par value stock for $51 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $54 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock? Cash 62,400
Treasury Stock 58,800
Gain on sale of treasury stock 3,600
Cash 62,400
Treasury Stock 58,800
Additional paid-in capital 3,600
Cash 62,400
Common Stock 1,200
Additional paid-in capital 61,200
Cash 62,400
Treasury Stock 58,800
Retained earnings 3,600

Which two of the following are benefits of consumer programs

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?