Journal entries are described as follows:
The journal entry for preferred stock is recorded as a debit to cash by $680,000 and credit to preferred stock by $500,000 and the rest of the amount is transferred to additional capital at $180,000 and the journal entry for common stock with no stated value is recorded as a debit to cash and credit to common stock with equal amounts of $180,000.The journal entry for common stock at stated value is recorded as a debit to cash by $ 180,000 and credit to common stock and additional capital with $48,000 and $132,000.The journal entry for common stock at modified par value is recorded as a debit to cash by $ 180,000 and credit to common stock and additional capital with $24,000 and $156,000.What is a journal book?A journal book is an accounting book firstly prepared by a company to record monetary transactions in a specified format.
The journal entries are recorded as follows:
Date Particulars Debit (in $) Credit (in $)
A) Cash (10,000 X $68) 680,000
Preferred stock (10,000 X $50) 500,000
Additional capital (10,000 X $18) 180,000
(To record the issue of preferred stock)
Cash (12,000 X $15) 180,000
Common stock 180,000
(To record the issue of common stock
with no stated value)
B) Cash (12,000 X $15) 180,000
Common stock (12,000 X $4) 48,000
Additional capital (12,000 X $11 ) 132,000
(To record the issue of common stock
with stated value at $4 per share)
C) Cash (12,000 X $15) 180,000
Common stock (12,000 X $2) 24,000
Additional capital (12,000 X $13 ) 156,000
(To record the issue of common stock
with par value at $2 per share)
Therefore, the journal entries are recorded as mentioned and explained above.
Learn more about the journal entries in the related link:
brainly.com/question/20421012
#SPJ1
For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school supplies would be used as a:
The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
What is money?Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.
Characteristics of money are:
Medium of exchangeStore of valueMeasure of valueHence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
Learn more about money here: https://brainly.com/question/3182649
#SPJ1
Which sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions?
Martha is in her late teens. She lost her father in the war several years ago. Just like her father, Martha wants to join the military and serve her country. However, Martha has several obstacles in her path. Martha’s mother is overly protective of her daughter and has always tried to keep her safe. Also, Martha is still tormented by the memories of the war and her father’s absence. To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.
"Martha is in her late teens. She lost her father in the war several years ago. Just like her father...." the sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.". This is further explained below.
What is a passage?Generally, a passage is simply defined as a part or chunk of a piece of writing.
In conclusion, Martha in the passage Martha saw a real-world situation and this was "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame." was on that could that restrict Martha’s decisions
Read more about passage
https://brainly.com/question/26999874
#SPJ1
Answer:
Martha might not qualify for the military because of her petite and fragile frame.
Explanation:
I took the test! Correct in Edmentum!
One natural consequence of mastering your job can be increased _______. a. excitement b. boredom c. interest d. fear please select the best answer from the choices provided a b c d
The complete statement is "One natural consequence of mastering your job can be increased interest." Option C. This is further explained below.
What is interest?Generally, interest is simply defined as the desire to understand more about something.
In conclusion, When you've mastered your profession, it's normal to feel more enthusiastic about it.
Read more about interest
https://brainly.com/question/13324776
#SPJ4
A(n) _________ in current liabilities _________ net working capital, thereby _________ the risk of technical insolvency. (a) decrease; increases; increasing (b) increase; decreases; increasing (c) increase; increases; reducing (d) decrease; decreases; reducing
An increase in current liabilities decreases net working capital, thereby increases the risk of technical insolvency. Thus the option (B) is correct.
What is Working Capital?Working capital refers to the current assets minus current liability. It tells about company's day to day operation and indicates about financial capacity to pay its debt within a year.
Increase in the current liabilities implies that there is a decrease in working capital. Therefore, it implies that company has increased its debt which can result in the risk insolvency.
Thus the option (B) is correct.
Learn more about Working capital here:
https://brainly.com/question/13126692
#SPJ1
Identify whether each of the following costs should be classified as product costs or period costs. (a) select a type of cost Manufacturing overhead. (b) select a type of cost Selling expenses. (c) select a type of cost Administrative expenses. (d) select a type of cost Advertising expenses. (e) select a type of cost Direct labor. (f) select a type of cost Direct materials.
The following costs are classified as product costs (manufacturing overhead, direct labor, and direct material) and period costs (selling expenses, administrative expenses, and advertising expenses).
What are product costs?Product costs refer to the costs directly incurred for production. They include:
Manufacturing overheadDirect laborDirect materialWhat are period costs?Period costs are indirect costs that cannot be traced to production. Some of the period costs include:
Selling expensesAdministrative expenseAdvertising expensesThus, product costs include manufacturing overhead, direct labor, and direct material, while period costs include selling expenses, administrative expenses, and advertising expenses.
Learn more about product and period costs at https://brainly.com/question/24470417
#SPJ1
Just before the accident, Alicia actually reduced her policy from $50,000 to $25,000.
How much does Alicia have to pay?
How much does her insurance pay?
Alicia has to pay $15,500. Meanwhile, her insurance pays $25,000.
Solution
After reducing her policy coverage from $50,000 to $25,000 this implies that her insurance would only cover any claim up to a maximum of $25,000.
In this case, we subtract the amount to be compensated according to the verdict ($40,000) from $25,000 to get the amount not covered by her policy and which Alicia would have to pay herself
40000-25000 = 15000
$15,000 + $500 deductible = $15,500.
You can learn more about the implications of having an insurance policy here https://brainly.com/question/4953989
#SPJ1
According to the keynesian framework, ____________________________ will not help reduce inflation, but may help a country get out of a recession.
Increased spending by the government on health care will not reduce the inflation, but may help a country get out of recession.
What are the ways via which government can reduce the inflation?Fiscal policy is best to adopt in the situation of the inflation. Government can increase the tax and minimize its spending to tackle the inflation situation.
In the inflation, the prices for everything increases rapidly and touches the ceiling. This can be avoid through the fiscal policy.
Fiscal policy can be used in the situation of the inflation.
Learn more about the inflation here:-
https://brainly.com/question/15692461
#SPJ1
A fuel company can sell 8 units of product at a selling price of $450. however, at a selling price of $445 the company can sell 9 units. what is the marginal revenue that is derived from selling the ninth unit
Based on the selling price of the 8 units and 9 units, the marginal revenue from selling the ninth unit is $405.
What is the marginal revenue when the 9th unit is sold?This can be found as:
= Revenue from selling 9th unit - Revenue from selling 8th unit
Solving gives:
= (9 x 445) - (8 x 450)
= 4,005 - 3,600
= $405
Find out more on marginal revenue at https://brainly.com/question/10822075.
#SPJ4
The typical amount of capital needed to launch a startup, according to the Bureau of Labor Statistics, is
$10,000 - $12,000
$100,000 - $500,000
$1000 - $5000
$25,000 - $200,000
Answer:
b
Explanation:
The typical amount of capital needed to launch a startup, according to the Bureau of Labor Statistics, is B)$100,000 - $500,000.
What percentage of small businesses fail within the first 5 years?Consistent with the U.S. Bureau of hard work records (BLS), this isn't necessarily actual. Records from the BLS indicate that about 20% of recent businesses fail at some stage in the primary two years of being open, 45% at some stage in the primary five years, and sixty-five% during the primary 10 years. The simplest 25% of the latest corporations make it to fifteen years or greater.
In step with records published in 2019 with the aid of the Small enterprise management (SBA), about twenty percent of business startups fail within the first yr. About 1/2 succumb to commercial enterprise failure within 5 years. by way of 12 months 10, only approximately 33% live to tell the tale.
Learn more about the Bureau of Labor Statistics here: https://brainly.com/question/15296998
#SPJ2
Which investment type describes loans to business or governments
A. Bonds
B. IRAs
C. Mutual funds
D. Stocks
The investment type that describe loans to business or governments is called bonds.
What is a bond?This is a debt instrument, in which the holder gets interest for a period of time. Here, when the bond matures, the holder gets back his or her money.
A bond is like a loan, with an option to receive interest.
Hence, the investment type that describe loans to business or governments is called bonds.
Learn more about bonds here: https://brainly.com/question/494152
#SPJ1
Answer: BONDS
Explanation:
An indirect measure of risk that tells us how much a firm earned for each dollar invested by its owners is called blank______. multiple choice question. the current ratio earnings per share return on sales return on equity
An indirect measure of risk that tells us how much a firm earned for each dollar invested by its owners is called return on equity.
What is return on equity?Return on equity can be defined as a process use by company or organization to measure risk , profit or net income after tax divide by the company equity over a period of time.
Formula for Return or equity is:
Return on equity= Net income after tax/ Total owners' equity.
Therefore the correct option D.
Learn more about return on equity here:https://brainly.com/question/26412251
#SPJ1
How would you best describe a manufacturing employee who has lost his job because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot
The manufacturing employee who has lost his job because he was replaced by a robot and does not have the skills necessary to help operate the robot can be best described as "structurally unemployed".
What is new technology?Any set of productive techniques which offers a significant improvement (whether measured in terms of increased output or savings in costs) over the established technology for a given process in a specific historical context is termed as new technology.
Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages.
Learn more about new technology here,
https://brainly.com/question/18698285
#SPJ1
Read the passage.
What did the president mean when he said he had to
face "very difficult choices" when creating a federal
budget?
O deciding which country to borrow from to finance
spending
O deciding what would be funded and what would be cut
O deciding how to keep interest rates low on the
national debt
O deciding how much to increase tax rates
The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut
Who used the quote?The quote was used by President Barack Obama during the 2012 Budget Message of the President.
Hence, he explained that it was difficult to decide what would be funded and what would be cut.
Therefore, the Option A is correct.
Read more about federal budget
brainly.com/question/1226004
#SPJ1
Answer:
B. deciding what would be funded and what will be cut
Explanation:
Why should you avoid leaving your idle
cash sitting in a bank?
A. You will not be able to access it quickly.
B. Your money will not be growing as rapidly as if you used
another option.
C. You will be required to pay a high interest rate.
Imagine that there are currently three major cell phone service providers available in the united states. the largest one has enough money to buy out the other two companies and make one giant company. what is most likely to happen if the largest company attempts to buy out the other two companies? a. the government will approve this monopoly. b. customers will have more choice in their service provider. c. the new, large company can control all prices and services provided. d. osha will step in and make sure that this merger is not approved.
Analyzing the scenario, the new and the large company can control all prices and services provided, generating a monopoly situation.
What is monopoly?It is a market situation where a company controls the market, being the entity responsible for establishing the price for a good or service, characterizing a situation of imperfect competition.
Therefore, in the monopoly market, consumers are harmed because they do not have the right to choose which products or services they want to consume, in addition to the fact that the price charged may be higher in a situation of perfect competition.
Find out more about monopoly here:
https://brainly.com/question/13113415
#SPJ1
Hair Stylist Woes. Maryann went to see her hair stylist, Candy. Maryann, who had black, curly hair, requested straight, blond hair. Candy told her that she could make that change, but there would be significant upkeep involved. Candy made the change, but Maryann did not do the upkeep required. She also falsely claimed that Candy did not do what Maryann asked her to do, that Candy lied to her, and that Candy was professionally incompetent. Maryann made the statements to friends of hers. She also wrote an editorial in her college newspaper to the effect that Candy's shop should be avoided at all costs because Candy was incompetent. In fact, Candy was a good hair stylist and enjoyed a good reputation up until the time that Maryann started her criticism. Candy threatened to sue Maryann for defamation, but Maryann told Candy that Candy could not prevail because Candy could not prove loss of income. Candy had to admit that while her reputation had been damaged somewhat, the damage was primarily among the college population. Her income kept increasing from other segments of the community, and she had suffered no net loss. As far as the statements Maryann made to her friends, which of the following is true in regards to her statement that Candy cannot recover because Candy has not suffered a loss of income?
A. Maryann is correct.
B. Maryann is correct only if she can establish that she did not intend to cause economic loss to Candy.
C. Maryann is incorrect because her actions would be considered liable per se.
D. Maryann is incorrect because general damages would be presumed.
E. Maryann is incorrect because Candy has proven special damages.
The statement in regards Candy is that Maryann is incorrect because general damages would be presumed. Thus the correct option is (D).
What are General Damages?Damages that inevitably and directly result from a contract breach. Or, to put it another way, those losses that, in a perfect world, every damaged party would sustain is known as the General Damages.
As per the above situation, Candy is suffering from the loss of the reputation due to the Maryann actions against her for writing the editorial and spreading the wrong news about her saloon.
Candy is the subject of the claim, and Maryann is mistaken since general damages would be assumed. hence, the appropriate choice is (D).
Learn more about breach of contract here:
https://brainly.com/question/24259882
#SPJ1
Since 2009, the Age Discrimination in Employment Act: Multiple choice question. has been broadened to include those from 15-40 requires that age can be one of the determining reasons for any employment action against older workers requires that age must be the determining reason for discrimination to prove any employment action against older workers has been broadened to include those from 35-50
The Age Discrimination in Employment Act requires that age must be the determining reason for any employment action against older workers.
What is the age discrimination?This refers to the treatment of an applicant or employee less favourably because of his or her age.
The Employment Act requires that age must be the determining reason for any employment action against older workers.
Therefore, the Option B is correct.
Read more about Age discrimination
brainly.com/question/13297853
#SPJ1
Answer:
requires that age must be the determining reason for discrimination to prove any employment action against older workers
Explanation:
When choosing a capital budgeting technique, the Blank______ may play an important role in the choice.
When choosing a capital budgeting technique, the projects may play an important role in the choice.
What is capital budgeting?Capital budgeting refers to the decision-making process for rejecting and accepting projects or investments.
It refers to a process a business undertakes to evaluate the potential major projects or investments. When choosing a capital budgeting technique, the projects may play an important role in the choice.
Learn more about Capital budgeting here:
https://brainly.com/question/13126692
#SPJ1
What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $875, if
it pays 8% fixed interest for the duration of the
bond?
yield = [ ? ] %
Give your answer as a percent rounded to the nearest
hundredth
Hint: yield = interest paid
price paid
Based on the calculations, the yield on this corporate bond is equal to 9.14%.
What is yield?Yield can be defined as a measure of the income returned or earned from an investment such as the interest earned from holding a corporate bond.
Mathematically, the yield on an investment can be calculated by using this formula:
Yield = Interest paid/Price paid
However, we would need to determine the interest paid as follows:
Interest paid = value of bond × Interest rate
Interest paid = 1000 × 0.08
Interest paid = $80.
Substituting the given parameters into the formula, we have;
Yield = Interest paid/Price paid
Yield = 80/875 × 100
Yield = 9.14%.
Read more on yield here: https://brainly.com/question/27531875
#SPJ1
Did you win or lose?
Your total income from the lottery: $
1000
Your total expenses related to buying lottery tickets: $
2080
Which answer is correct?
I won $
I lost $ 1080
Answer:
ur mum xdddddd
Explanation:
dddddddddd
What are the F. W. Taylor's
[tex] \large \sf \blue {\underline{Principles}} \: \: of \:\bf \: \underline\red{Management}[/tex]
Answer:
In his own words, these are: “Develop a science for each element of…work”; “Scientifically select and then train, teach, and develop the [worker]”; “Cooperate with the [worker] so as to [ensure] all of the work [is] being done in accordance with the principles of the science which has been developed”; and.
[tex]\huge\pmb{\red{A}\pink{N}\orange{S}\blue{W}{E}\purple{R}\purple{→}}[/tex]
Frederick Winslow Taylor is known as the Father of Scientific Management, which also came to be known as “Taylorism.”Taylor believed that it was the role and responsibility of manufacturing plant managers to determine the best way for the worker to do a job, and to provide the proper tools and training.Explanation:
Hope it helps you!!A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80. Calculate the dirty price of this bond.
A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%, is mathematically given as
DP=95.696. Option D is correct
What is the dirty price of this bond?Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.
In conclusion, Dirty price
DP = (Clean price + interest Accrued)
Therefore
DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)
DP=95.696
CQ
A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.
Calculate the dirty price of this bond.
O 81.370
85.216
93.471
o 95.696
Read more about dirty price
https://brainly.com/question/14316550
#SPJ1
write the following In Words 689·104
A certain percentage rise in the money supply will inevitably lead to a predictable effect on nominal GDP __________. (Select all that apply. Hint: There are two correct answers.) Select all that apply: if velocity is constant over time if velocity is changing but in a constant and predictable way if velocity changes unpredictably over time
A certain percentage rise in the money supply will inevitably lead to a predictable effect on nominal GDP if velocity is constant over the time.
What is money supply?The control of the availability of money in an economy during a particular financial period, is known as the money supply of such economy. When the money supply increases, nominal GDP also increases over time.
Hence, option A holds true regarding the increasing money supply.
Learn more about money supply here:
https://brainly.com/question/24249291
#SPJ1
in cell f5, insert a formula without using a function that multiplies the wholesale price
(cell b5) by the markup amount (cell l3). use an absolute reference to cell l3 in the
formula. copy the formula in cell f5 and paste only the formula and number formatting
in the range f6:f15.
By using an absolute reference to cell l3, the function that will multiplies the wholesale price by the markup amount In cell F5 is "B5*$L$3"
What is a cell?In a spreadsheet. this refers to the rectangular area that is formed by the intersection of a column and a row.
On a typical spreadsheet, every cells have its assigned code from Combination of Number 1-10 and Alphabet A-Z.
However, in the question context, the function that will multiplies the wholesale price by the markup amount In cell F5 is "B5*$L$3"
Read more about cell
brainly.com/question/25879801
#SPJ1
For almost 20 years, Hank has been the top sales professional for Strickland Propane. He credits his success to following the first law of business, which is toMultiple Choicedo things right.get things done through people.innovate or die.take care of the customer.
Instead of "discovering" what clients already know they need, they gain their allegiance by introducing them to a completely different way of thinking.
Customers expect salespeople to offer creative fixes for issues. They search for adaptability and imagination. demonstrates to me how to evade dangerous land mines.
Thus, Option D is correct.
What defines exceptional client service?Going above and beyond to meet your customer's needs is what excellent customer service is all about. It entails much more than just offering timely and pleasant help. More significantly, it entails going above and above to ensure that your customers are more than just satisfied.
They are genuinely pleased with your offerings. This skill set includes the capacity to pay attention to a customer's issue, recognize potential conflict causes, generate alternate alternatives, and implement a solution. It's beneficial to demonstrate to clients your willingness to efficiently sort through the chaos.
For more information about Customer satisfaction refer to the link:
https://brainly.com/question/15298944
#SPJ2
The___________ made farming more eddcient meaning that less people were needed to work on farms. This created abundance of workers who could work in factories leadigng to the sucess of the __________
The Industrial Revolution made farming more decent meaning that less people were needed to work on farms. This created abundance of workers who could work in factories leading to the success of the production.
What is Industrial Revolution?Industrial Revolution can be regarded as the period which involves the increase of industry as well as usage of plants and advance machineries for increase in production and efficiency.
Therefore , Industrial Revolution created abundance of workers who could work in factories leading to the success of the production.
learn more about Industrial Revolution at https://brainly.com/question/546336
#SPJ1
Pina Colada Company has the following balances in selected accounts on December 31, 2022.
Accounts Receivable
$ 0
Accumulated Depreciation—Equipment
0
Equipment
9,240
Interest Payable
0
Notes Payable
13,200
Prepaid Insurance
2,772
Salaries and Wages Payable
0
Supplies
3,234
Unearned Service Revenue
39,600
All the accounts have normal balances. The following information has been gathered at December 31, 2022.
1. Pina Colada Company borrowed $13,200 by signing a 12%, 1-year note on September 1, 2022. Interest will be paid when the note is repaid.
2. A count of supplies on December 31, 2022, indicates that supplies of $1,188 are on hand.
3. Depreciation on the equipment for 2022 is $1,320.
4. Pina Colada paid $2,772 for 12 months of insurance coverage on June 1, 2022.
5. On December 1, 2022, Pina Colada collected $39,600 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023.
6. Pina Colada performed consulting services for a client in December 2022. The client will be billed $5,544.
7. Pina Colada pays its employees total salaries of $11,880 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022.
The appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.
Journal entriesPina Colada Company journal entries
Debit Interest expense $528
Credit Interest payable $528
($13,200×12%×4/12)
Debit Depreciation expenses $1,320
Credit Accumulated depreciation equipment $1,320
Debit Supplies expenses $2,044
Credit Supplies 2044
(3234-1,188)
Debit Insurance expenses $1,617
Credit Prepaid insurance $1,617
($2,772×7/12)
Debit Unearned service revenue $9,900
Credit Service revenue $9,900
($39,600×1/4)
Debit Accounts Receivable $5,544
Credit Service Revenue $5,544
Debit Salaries and wages expenses $7,128
Cred it Salaries and wages pay $7,128
($11,880×3/5)
Therefore the appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.
Learn more about journal entries here:https://brainly.com/question/14279491
#SPJ1
A manufacturer purchases $163,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a: Multiple Choice Debit to Accounts Payable for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Cash for $163,000.
The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
What is a journal entry?It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.
Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
Learn more about journal on:
brainly.com/question/193810
#SPJ1
Dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $12. Which law is the organization abiding by in this scenario
The law that Dominick's organization is abiding to when they increased his pay is the Fair Labor Standards Act (FLSA).
What does the Fair Labor Standards Act (FLSA) call for?It states that employees should be treated in a fair manner that is consistent with the work they put in.
The Act makes this clearly by specifying that minimum wage laws should be abided by which was why the organization increased Dominick's wages when the minimum wage was raised.
Find out more on the Fair Labor Standards Act (FLSA) at https://brainly.com/question/14888150.
#SPJ1