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pashok25 [27]
3 years ago
9

Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record

this transaction would include a: a. Credit to revenue. b. Debit to investments. c. Credit to common stock. d. Credit to retained earnings.
Business
1 answer:
Korolek [52]3 years ago
4 0

Answer:

c. Credit to common stock.

Explanation:

Usually it's the credit to common stock in an amount equal to the par times stocks issued with the rest credited to Paid-in capital in excess of par.

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3. A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods
Yuki888 [10]

Answer:Cost of Goods Sold =$29,300

Explanation:

Cost of goods sold refers to the  costs (direct costs) a business incurs in  the production of  goods sold by a company. it is calculated as

Cost of goods sold =Cost of manufactured Goods + Beginning finished goods inventory - Ending finished goods inventory

Cost of Goods Sold = $32,500 + $14,600 - $17,800

Cost of Goods Sold =$47,100- $17,800

Cost of Goods Sold =$29,300

5 0
2 years ago
Are shareholders and stakeholder the same thing? Explain your answer...
Whitepunk [10]

Shareholders are always stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder owns part of a public company through shares of stock and a stakeholder has an interest in the performance  of any type of company for reasons other than stock performance or appreciation

5 0
3 years ago
Because testing of nuclear bombs was halted internationally in 1992, the Department of Energy has developed a laser system that
KATRIN_1 [288]

Answer:

The estimated development cost of the project will increase from the original cost of $3.1 billion 5 years ago to $3.7727 billion today.

Explanation:

Data and Calculations:

Original estimated development cost = $3.1 billion

Average rate  of interest = 2% per six months or 4% per year (2 * 2%)

Period of project = 5 years using 4% or 10 using 2%

Using a future value factor of 1.217 from a future value table at 4% per year for 5 years:

The expected cost today = $3.1 billion * 1.217 = $3.7727 billion

Using an online financial calculator:

Results:

FV = $3,778,882,701.98

Total Interest $678,882,701.98

N (# of periods)  10

I/Y (Interest per year)  4

PV (Present Value)  $3,100,000,000

PMT (Periodic Payment)  0

Settings

P/Y (# of periods per year)  2

C/Y (# of times interest compound per year)  2

5 0
3 years ago
Why you might choose to use the method of standard additions, rather than create a calibration curve, as part of your method to
leva [86]

Answer:

This is because the Standard Addition is more likely to give a more definite measurement of the target concentration of analyte in the sample as compared to employing a calibration curve.

In a situation where sample matrix also gives to the analytical signal and establishing a situation called the matrix effect, Standard Additions is the best option to employ rather than calibration curve.

6 0
3 years ago
Pina Colada Corp. just began business and made the following four inventory purchases in June: June 1 171 units $1026 June 10 22
slamgirl [31]

Answer:

$1,995

Explanation:

Using the FIFO inventory method, the amount allocated to ending inventory in June would be ;

= $1,539 + [($1,824 ÷ 228) × (228 - 171)]

= $1,539 + ($8) × (57)

= $1,539 + $456

= $1,995

Therefore, the amount allocated to June ending inventory, using FIFO inventory method is $1,995

4 0
2 years ago
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