Answer:
Apr 1
DR Cash $234,000
CR Common stock $63,000
CR Paid in capital in excess of par - Common Stock $171,000
<em>(To record issuance of common stock)</em>
Apr 7
DR Cash $540,000
CR Preferred stock $350,000
CR Paid in capital in excess of par - Preferred Stock $190,000
<em>(To record issuance of preferred stock)</em>
Explanation:
April 1
Cash
9,000 * 26 = $234,000
Common stock
9,000*7 = $63,000
April 7
Cash
5,000*108 = $540,000
Preferred stock
5,000*70 = $350,000
Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.
<h3>What is the weighted average rate of return?</h3>
First find the total value of debt and equity:
= 10 + 25
= $35 million
The weighted average return is:
= (10 / 35 x 8%) + (25 / 35 x 14%)
= 2.286% + 10%
= 12.3%
Find out more on weighted average rate of return at brainly.com/question/17284158.
#SPJ12
Answer:
Henry is the intended beneficiary of the insurance policy and as such, he is bound to the time limitations and all the other clauses included in the contract.
Explanation:
Intended beneficiaries are third parties that can benefit from a contract. Third parties are not part of the contract and may not even know that they were included as beneficiaries in it, but they are bound by all the legal clauses included in the contract. They must be included in the contract and all the benefits they might obtain have to be explicitly established.
Answer: d. a misrepresentation of a fact knowing it is falso
Explanation:
Reliance that gives rise to liability for fraud requires intentional misrepresentation, that is a misrepresentation of a fact knowing that it is false. If Ness, the broker intentionally misled Ollie and advised Ollie to buy Penny stock shares based on Ness's that the stock price will rise Ness will be charged with fraud.
What? I don’t understand sorry
