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2 years ago

A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is:

Business

1 answer:

guapka [62]2 years ago

7 0

-Debit cash $4,000
-credit paid-in capital excess par value $1,900
-credit preferred stock $2,100

Hope it helped

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A direct mailer falls under the category of sales, not marketing. True False

Len [333]

Answer:

False.

Explanation:

A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.

Hence, a direct mailer falls under the category of marketing, not sales.

3 0

2 years ago

If consumers are willing to pay a higher price than previously for each level of output, we can say that _______ has occurred. A

Nady [450]

Hey there!!

The correct answer is Option A. an Increase in supply

Hope this helped and I wish you the best in luck! (:

6 0

2 years ago

Narciso Corporation is preparing a bid for a special order that would require 880 liters of material R19S. The company already h

bija089 [108]

Answer:

$5,456

Explanation:

A relevant cost can be defined as the cost that are said to be in form of a future cash cost that is relevant and important to a particular decision.

The relevant cost:

Current market cost 880 liters × Current market $6.20 per liter

= $5,456.

Therefore the relevant cost of the 880 liters of the raw material when deciding how much to bid on the special order will be $5,456

6 0

2 years ago

Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho

inessss [21]

Answer:

This lease is regarded and classified as Capital lease.

Explanation:

This lease is regarded and classified as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this lease is a capital lease.

3 0

2 years ago

Example 1: Alex began putting money in his 401(k) in his early 20s; consequently, he will have financial security when he retire

11111nata11111 [884]

Answer:

b. E-mail facilitates collaboration between people in remote locations; however, when collaboration requires the exchange of large data files, it is often easier to use web-based collaboration software.

d. E-mail can be an efficient way to communicate, and it makes communicating across time zones much easier.

Explanation

Sentence B is correct because it employs the use of a semicolon to separate two independent clauses. The use of the conjunction, however, helps to separate two sentences that have opposite connotations.

Sentence D is correct because the conjunction, and, was used appropriately to add a second thought to the sentence. The comma was also used correctly as it spliced the sentence and was immediately followed by the conjunction, and.

8 0

2 years ago