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Alina [70]
3 years ago
10

Nebraska Inc. issues 2,750 shares of common stock for $88,000. The stock has a stated value of $12 per share. The journal entry

to record the stock issuance would include a credit to Common Stock for
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

33,000

Explanation:

The entry would include the stock issuance for common stock with a credit amount of 33,000. This can be calculated as 2750 * 12 = 33,000, this is because the stated value of a stock is $12.

Hope this clear things up.

Goodluck and thankyou buddy.

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An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What
Naddika [18.5K]

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

<u></u>

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

<u>To be more accurate:</u>

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

6 0
3 years ago
Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int
attashe74 [19]

Answer:

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6 0
2 years ago
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A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of
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Answer:

A. a separate schedule.

Explanation:

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