1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eduard
3 years ago
6

Prepare the issuer’s journal entry for each of the following separate transactions.a. On March 1, Atlantic Co. issues 51,000 sha

res of $3 par value common stock for $323,000 cash.b. On April 1, OP Co. issues no-par value common stock for $87,000 cash.c. On April 6, MPG issues 3,700 shares of $15 par value common stock for $56,000 of inventory, $170,000 of machinery, and acceptance of a $92,000 note payable.
Business
1 answer:
Shalnov [3]3 years ago
4 0

Answer:

March 1

Account                                             Debit               Credit

Cash                                                 $323,000

Common Stock                                                         $153,000

Paid-In Capital in Excess

of Par Value                                                              $170,000

April 1

Account                                              Debit                Credit

Cash                                                 $87,000

Common Stock-no par value                                    $87,000

April 6

Account                                             Debit                 Credit

Inventory                                          $56,000

Common Stock                                                           $56,000

Machinery                                        $170,000

Paid-In Capital in Excess of

Common Stock                                                           $170,000

Note Payable                                                              $92,000

Cash                                                 $92,000

You might be interested in
Lynn regularly works a 40-hour week and earns $9 per hour. She receives time-and-a-half pay for each hour of overtime she works.
ANTONII [103]

Answer:

Her regular gross pay is $360

Explanation:

Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.

In the question, we have to find out the regular gross pay which includes the daily earning of a person

So, her regular gross pay is equal to

= number of hours × rate per hour

= 40 × $9

= $360

We don't include overtime wages as it is not included in  regular gross pay. So, it is ignored.

Hence, her regular gross pay is $360

6 0
3 years ago
Problems with capacity and consent:
Natalija [7]

Answer:

The correct answers are: 1. voidable, 2. capacity, 3. consent

Explanation:

For a contract to be legally valid, the concurrence of three essential requirements or elements is required, which are: the consent of the contracting parties, the true object that is the subject of the contract and the cause of the obligation to be established.

The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.

The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.

Example: The provision of prostitution or drug trafficking services cannot be the subject of the employment contract.

8 0
3 years ago
Use the following information to answer the question(s) below. A company near a large city is required to keep its smokestack po
meriva

Answer:

Over this 10-year period, the benefit to cost ratio is:

= 1.33.

Explanation:

a) Data and Calculations:

Cost of additional anti-pollution equipment = $2 million

Estimated useful life of the equipment = 10 years

Additional annual labor cost for equipment usage = $100,000

This gives a total labor cost of $1 million over the 10-year period.

Therefore, the total cost = $3 million

Savings (benefits) from lowering the air pollutants in the region = $4 million in medical expenses.

The benefit-to-cost ratio (BCR) = $4/$3 = 1.33

b) The Benefit-to-cost ratio (BCR) is a cost–benefit analysis that summarizes the value-for-money of a project by expressing the relationship between the project's benefits and costs in monetary terms. The BCR shows the future profitability of investment alternatives or options. It is normally expressed in terms of net present value.

8 0
3 years ago
The reasoning behind increasing tax revenues from __________ tax rates is that people work harder and more effectively when they
ddd [48]

Answer:

The reasoning behind increasing tax revenues from decreasing tax rates is that people work harder and more effectively when they can keep more of their income.

Explanation:

A corporate tax cut gives businesses more money to hire workers, invest in capital equipment, and produce more goods and services.

An income tax cut increases the dollars per hour worked. It boosts workers' incentive to remain employed and creates more labor. That is one of the four factors of production that drive supply. Adding to supply will allow the economy to grow. The growth in economy results in more taxes to government in total.

5 0
3 years ago
The upper-level managers of One World Enterprises are meeting for the week to look at the long-term company goals and overall di
Anettt [7]

Answer:

Tactical planning

Explanation:

Tactical planing is  create a set of actionable tasks within the short term and  gradually bring us closer to reach our long term goal.

In order to create tactical planning, a company need to pay attention to both internal and external factors.

- The internal factors consist of the environment within the organization.

This will include things such as  the labor capacity that we have, the amount of capital we have at our disposal, and our organizational culture.

- The external factors consist of the environment outside the organization.

This include things such as our competitors, the type of customers that we target as out primary market, and the public perception that the public has toward our brand.

3 0
3 years ago
Other questions:
  • Shonda Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials:
    13·1 answer
  • A marketing manager targeting Generation Y should be aware that this group is turned off by:A) the "soft sell".B) overt branding
    7·1 answer
  • Production-based accounting is used to estimate gdp by​ ____________.
    7·1 answer
  • Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N
    10·1 answer
  • In one state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equit
    7·1 answer
  • Which would you use to estimate the demand for a product at various prices?
    13·1 answer
  • A detailed search of the _______ must be done to determine if the manufacturer has found the customer’s concern in other vehicle
    5·2 answers
  • Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa
    14·1 answer
  • Si hacemos una compra en cuenta corriente ¿ obtenemos un "descuento" en el precio de un objeto o un recargo en el mismo ?
    11·1 answer
  • If you had $500 to invest, what questions would you have as you decide how to invest your money?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!