How to write 600,000+30,000+4,000+700+30 in word form?

Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma

HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

To Common stock $50,000 (5,000 shares × $10)

To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0

3 years ago

An investor buys 100 shares of walmart at $45 per share on margin with an initial margin of 70% and a maintenance margin of 25%.

lana [24]

6250 + 56 = 6250 price

6 0

2 years ago

The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of

Finger [1]

Full question:

The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of heavy glass that will not break easily. Through its advertising, Golden Harvest advertises that its jars are made with a glass that is 100 percent free of all impurities. In this way, Golden Harvest is using _____ to differentiate its product from those of the Mason brand.

A. hidden difference

B. differentiation cue

C. imperceptible difference

D. sensory cue

E. Perception filter

Answer:

In this way, Golden Harvest is using hidden difference to differentiate its product from those of the Mason brand.

<h3>Explanation:</h3>

Advertising is the usual means of obtaining a good and service perceived to a public. Hidden differences are the ones where the customers don't know what these variations are so that's why they have to be advertised. Hidden differences are not easily manifest.

Product differentiation is a purchasing plan that aims to recognize a company's goods from the opponent. Auspicious product differentiation includes recognizing and expressing the individual features of a company's presents while highlighting the clear differences among those offerings and others on the market.

3 0

2 years ago

Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 33,000 candles for January. Each candle requires molding. A

djverab [1.8K]

Answer:

Total direct labor cost = $16,087.50

Explanation:

Production = 33,000 candles

Minute per candle = 3 minutes

Total minute to produce 33,000 Candle = 33,000 candles * 3 minutes = 99,000 Minutes

Total hours for production = 99,000 / 60 minutes = 1,650 hours

Hence, molding hours = 1,650 hours

Total direct labor cost = Molding hours * Molding labor costs per hour

Total direct labor cost = 1,650 hours * $9.75

Total direct labor cost = $16,087.50

7 0

2 years ago

The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

givi [52]

Answer:

See explanation section

Explanation:

1. Debit Cash $17,000

Credit Service revenue (music) $17,000

Note: The academy receives cash by providing music services to the students.

2. Debit Prepaid Insurance $4,200

Credit Cash $4,200

Note: The academy paid cash in advance to purchase insurance policy.

3. Debit Musical Equipment $20,000

Credit Cash $20,000

Note: The academy paid cash for acquiring musical equipment.

4. Debit Cash $30,000

Credit Notes payable $30,000

Note: The academy borrowed cash by signing a notes from the bank.

8 0

2 years ago