Answer:
1. Jan 1
Dr Cash $60,000
(4,000×16)
Cr Common Stock $60,000
2. March 15
Dr Cash $20,000
Cr Preferred Stock $16,000
Cr Additional PIC $4,000
3.
December 15
Dr Dividends $4,800
Cr Dividends Payable $4,800
4. December 15
No entry
5. December 31
Dr Dividends Payable $4,800
Cr Cash $4,800
Explanation:
1.
Jan 1
Dr Cash $60,000
(4,000×16)
Cr Common Stock $60,000
2. March 15
Dr Cash $20,000
($800×25)
Cr Preferred Stock $16,000
($800×20)
Cr Additional PIC $4,000
3.
December 15
Dr Dividends $4,800
($4,000 shares+$800 Shares)
Cr Dividends Payable $4,800
4. December 15
No entry
5. December 31
Dr Dividends Payable $4,800
Cr Cash $4,800
Answer:
Storming
Explanation:
In the case of the storming stage in which the conflict and the competition should be higher as the group members feel that they are confidents also they can address some significant issues. Here all members are for the clarification prior to shifting to the next stage
so as per the given situation, it is a storming stage
Investor-Originated Life Insurance
Answer:
$23.44
Explanation:
Nominal wages is $25 per hour
Decrease in the price of gasoline = ($4.00 - $1.50)/4.00
Decrease in the price of gasoline = 0.625
Decrease in the price of gasoline = 6.25%
Real wages = $25 - (6.25 % of $25)
Real wages = $25 - (6.25/100 * 25)
Real wages = $25 - $1.5625
Real wages = $23.4375
Real wages = $23.44
Thus, your real wage (in terms of gasoline) is $23.44
The formula for percent discount value after n years at the rate r is given by
pdv=fv/(1+r)^n
where fv is the fixed value
here only fixed value is given to us so we will calculate the discounted value for coming 10 years
after
year 1=943.4
2=890
3=839.62
4=739.09
5=747.26
6=704.96
7=665.06
8=627.41
9=591.90
10=558.39
