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4 years ago

Prepare journal entries to record the following four separate issuances of stock.

Business

1 answer:

hram777 [196]4 years ago

5 0

Explanation:

Debit Credit

Cash $84,000

Common stock $70,000

Paid-In Capital in Excess of Par Value $14,000

It's necessary to split the equity in two accounts because there is information about the par value

Promotion Expenses $49,000

Common Stock $3,500

Paid-In Capital in Excess of Par Value $45,500

It's necessary to split the equity in two accounts because there is information about the par value

Promotion Expensese $49,000

Common Stock $49,000

It's not necessary to split the equity in two accounts because there is no information about the par value

Cash $136,500

Preferred Stock $87,500

Paid-In Capital in Excess of Par Value $49,000

It's necessary to split the equity in two accounts because there is information about the par value

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Answer:

D. Franchisee

Explanation:

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3 years ago

Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu

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Answer:

A 15.64%

Explanation:

300*1.18 = 354

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= 15.64%

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3 years ago

Ed is taking off from work for 4 hrs. the afternoon and going to a baseball game. The ticket to the game cost $25 and it costs $

adell [148]

Answer:

The correct answer is option c.

Explanation:

The opportunity cost of a decision is the cost of sacrificing the second-best alternative. It is the indirect or implicit cost involved in a process.

The ticket to the game costs $25 and it costs $15 to park at the stadium.

Ed earns $15 an hour at this job.

He is taking off from work for 4 hrs. the afternoon and going to a baseball game.

The opportunity cost of going to the game will be equal to the wage he could have earned if he went to work instead of the game.

The opportunity cost

= $\$ 15\ \times\ 4$

= $60

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4 years ago

One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro

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Answer:

C) payroll.

Explanation:

Expenses can be defined as the amount of cost that is being incurred in the generation of revenue and smooth operations or running of a business by an organization or business firm. There are basically two (2) types of expenses associated with business and these are; operating and non-operating expenses.

One of the largest expense categories for most businesses is payroll. A payroll can be defined as a comprehensive list of employees working for an organization and are eligible to receive wages, as well as the amount of money that they are entitled to receive. It constitutes about 70% of an organization's total expense or overhead.

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4 years ago

What can influence a stocks price

ASHA 777 [7]

Answer:

People can influence a stock price.

Explanation:

If more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.

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3 years ago