Answer:
See attached file
Explanation:
Accounting Equation Formula:
Assets = Liabilities + Stockholders' Equity
The equation shows that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the file, Debits and Credits are represented by the word increased and decreased according to if the transaction has a positive or negative effect on each element.
Answer:
Number pf candles is equal to 25
Explanation:
We have given cost of rent = $100
Cost price of one candle = $1
And selling price of one candle = $5
Let the number of candles = x
So total expense 
Total earning 
According to question expense is equal to earning
So 
x = 25
So number pf candles is equal to 25
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<h3>What is Job satisfaction?</h3>
Job satisfaction or employee satisfaction can be regarded as the measure of workers' contentedness with their job.
Job satisfaction help the workers to be committed to his job.
Learn more about Job satisfaction at;
brainly.com/question/235909
Answer:
Kim's total profits on the three stocks at the end of the first day of trading is $2157.80
Explanation:
The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has been made.
The purchase price of IPOs =(750+370+260)*$24
=$33,120.00
Closing day valuation=($23.15*750+$27.43*370+$29.87*260)
=$35,277.8
0
The total profit on the day's transactions=$35,277.8
0-$33,120.00
=$2157.8
The total profits on the three stocks on first day is $2157.8
0
Answer:
The journal entry is as follows:
Retained earnings A/c Dr. $18 million
To common stock $0.30 million
To capital paid in excess A/c $17.70 million
(To record the stock dividend issued at 1%)
Working notes:
Shares issued = 1% of 30 million
= 0.30 million
Retained earnings:
= 0.30 million × $60 per share
= $18 million
Common stock:
= 0.30 million × $1 par value
= $0.30 million
Capital paid in excess:
= Retained earnings - Common stock
= $18 million - $0.30 million
= $17.7 million
