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ipn [44]
3 years ago
13

Carla Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stoc

k, and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.Jan. 10 Issued 80,000 shares of common stock for cash at $5 per share.Mar.1 Issued 5,000 shares of preferred stock for cash at $108 per share.Apr. 1 Issued24, 000shares of common stock for land. The asking price of the land was$90,000; the fair value of the land was $80,000.May1 Issued 80,000 shares of common stock for cash at $7 per share. Aug.1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $50,000 for services rendered in helping the company organizes.Sept. 1 Issued 10,000 shares of common stock for cash at $9 per share.Nov.1 Issued 1,000 shares of preferred stock for cash at $112 per share.Prepare the journal entries to record the above transactions
Business
1 answer:
velikii [3]3 years ago
8 0

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Suppose that the salary range for recent college graduates with a bachelor's degree in economics is $30,000 to $50,000, with 25
igor_vitrenko [27]

Answer:

The  Expected Earning for the college graduates is 40,000

Explanation:

The Expected Earning for a college alum with a four year college education in financial matters is determined as weighted normal all things considered, utilizing likelihood of every result as its weight.  

Although the Expected Earning is;  

Expected Earning = (25% × 30,000) + (50% × 40,000) + (25% × 50,000)  

Expected Earning = 0.25 × 30,000 + 0.5 × 40,000 + 0.25 × 50,000  

 Expected Earning = 7500 + 20,000 + 12,500

Expected Earning = 40,000

7 0
3 years ago
Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
fiasKO [112]

Answer:

Barb will earn interest on interest yes because she don't retire the interest

Explanation:

a. Barb will earn compound interest both will aearn compound interest.

b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.

c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan

d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.

e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.

3 0
3 years ago
Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi
Romashka [77]

Answer:

9,400 units

Explanation:

The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin  is the difference between the sales and variable cost.

Sales per unit = $210,000/7000 = $30

Variable cost per unit = $136,500/7000 = $19.50

Let the number of units to be sold to achieve the profit target be x

30x - 19.5x - 67200 = 31500

10.5x = 98700

x = 98700/10.5

x = 9,400 units

8 0
3 years ago
What does neglect include
labwork [276]

Answer:

The failure to provide adequate supervision, health care, clothing, or housing, as well as other physical, emotional, social, educational, and safety needs.

4 0
3 years ago
A company issued 6%, 10-year bonds with a face amount of $90 million. The market yield for bonds of similar risk and maturity is
Leviafan [203]

Answer:

The bonds sold at: $122,106,600 dollars

Explanation:

We will calculate the present value of the coupon payment and the maturirty at market rate of 7%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C         2.7(90 millions x 6% / 2 payment per year)

time 20  10 years and 2 payment per year

discounted at market rate: 7% divide by 2 payment per year:  0.035

2.7 \times \frac{1-(1+0.035)^{-20} }{0.035} = PV\\

PV 76.3551

Then present value of maturity:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   90.00

time            10 years

rate             0.07

\frac{90}{(1 + 0.07)^{10} } = PV  

PV   45.75

PV coupon  $76.3551

PV maturity  $45.7514

Total  $122.1066

7 0
3 years ago
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