Answer:
Answer:
Date General Journal Debit Credit
a. Cash $70,000
Common stock $5,000
(5*100 shares * $10)
Additional paid - in - capital $65,000
b. No journal entry required - -
c. Cash $18,000
Notes payable (long term) $18,000
d. Equipment $11,000
Cash $1,500
Notes payable (Short term) $9,500
e. Notes receivable $2,000
Cash $2,000
f. Store fixtures $15,000
Cash $15,000
Answer:
The bonds were issued at $87,590,959
Explanation:
The bonds will be issued at the present value of the coupon and maturity discounted by the market rate
C 6,000,000.000 ( 100 million x 6%)
time 30 (2051 - 2021)
market rate 7% = 7/100 = 0.07
PV $74,454,247.1010
PV of the maturity
Maturity 100,000,000.00
time 30.00
rate 0.07
PV 13,136,711.72
Total current value of the bonds:
PV coupon $ 74,454,247.1010
PV maturity $<u> 13,136, 711.7155 </u>
Total $87,590,958.8165
Answer:
Those that will be required to file a California return are; Matty,
Strieby, Kennedy and Jackson .
Explanation:
Those that will be required to file a California return are; Matty, Strieby, Kennedy and Jackson. From the question we are informed that all of the entities involved are operating unitary Business, which is the same concept followed by California. And we know that
Unitary business can be regarded as group of persons which are related and having interdependent business activities/operations. So in this case, single California return will be filled by the entities involved.
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Given:
Issue price of share = $100
Market price per share = $100
Preferred stock dividend rate = 7%
Computation of dividend per year :
Dividend per year = Issue price of share × Preferred stock dividend rate
Dividend per year = $100 × 7%
Dividend per year = $7
Dividends are always paid to preferred stock at fixed rates at face value.
Answer:
d. Firm A will spend $4,000.
Explanation:
Since Firm B cost of Cleanup before it gets the the river is less than the cost of pollution permits, it will choose to clean up its pollution.
However, since Firm A cleanup cost per ton ($100) is greater than the cost of the pollution permit, it will choose to buy permits.
Maximum Allowable Number of Permits=40
Therefore, Firm A will clean up 10 Tons and dump 40 Tons of Waste.
Cost =(10 Tons *$100)+(40 Tons * $75)
=$(1000+3000)
=$4000.
Firm A will spend $4000.