Answer:
The account balance is $70.40.
Explanation:
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Answer:
$78,199
Explanation:
If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500
If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000
If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:
common stocks = ($82,500 / $105,500) x $100,000 = $78,199
preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801
the journal entries should be:
- Dr Cash account 78,199
- Cr Common Stock account 5,000
- Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199
- Dr Cash account 21,801
- Cr Common Stock account 10,000
- Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801
Answer:
It would be C. video equipment technician
Explanation:
Answer:
To be paid eventually it can borrow until 20,000 dollars.
Explanation:
We will calculate the present value of a 100 dollars monthly payment discounted at 6% annual rate compounded monthly.
the monthly rate will be the annual rate divided by 12 months within a year:
6% / 12 = 0.5% = 0.005
A perpetuity will be a payment wich only cover the interest :
100 / 0.005 = 20,000
Fixed expenses<span> or costs are those that do not fluctuate with changes in production level or sales volume. They include such </span>expenses<span> as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
D. is the answer
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