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
masha68 [24]
2 years ago
7

Riley Inc.'s charter authorizes 1,000 shares of stock at a stated value of $10 per share. Riley issues 50 shares of stock at its

initial offering for $20 per share. The journal entry to record this transaction will include a (debit/credit) to Common Stock, $.
Business
1 answer:
Alex Ar [27]2 years ago
6 0

Answer:

$500 credit

Explanation:

Given that

Number of authorized shares = 1,000 shares

Stated value per share = $10

Issued shares = 50 shares

Initial offering = $20 per share

So based on above information, the journal entry is

Cash $500    (50 shares × $10)

     To Common stock $500

(Being the common stock is issued is recorded)

While recording this transaction we debited the cash account as it increased the asset side and credited the common stock as the equity is increased so that the proper posting could be done

You might be interested in
Which of the following is true regarding positive organizational scholarship? a. It involves monitoring negative practices in or
Harrizon [31]

Answer:

Letter D is correct. It studies how organizations develop human strengths, foster vitality, and unlock potential

Explanation:

Positive Organizational Scholarship is a way for an organization to motivate and stimulate the capabilities of its employees. It is a way of identifying the strengths and weaknesses of each employee and encouraging them to improve their skills and developing new skills that will help them to succeed. joint result of the company.

5 0
3 years ago
After six months with the company, betty's performance was evaluated by a graphic rating form. the ratings for each statement we
erik [133]
The correct answer that would best complete the given statement above would be option 1. objective. Based on the given situation above about how Betty's performance was evaluated, Betty experienced an objective appraisal method. It is objective since it is based on graphic rating forms. Hope this answer helps.
6 0
3 years ago
Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $205,000 and its net i
Whitepunk [10]

Answer:

Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

Explanation:

Old Net profit margin = Net income/ Revenue

                                    = $10,600/$205,000

                                    = 5.170731707%

Old ROE = Net profit margin*Asset turnover*Equity multiplier

              = 0.0517*1.33*1.75

              = 12.03487805%

New net income = $10,600 + $10,250

                            = $20,850

New net profit margin = $20,850/$205,000

                                     = 10.17073171%

New ROE = 0.1017*1.33*1.75  

                = 23.67237805%

Change in ROE = New ROE – Old ROE

                          = 23.67237805%  - 12.03487805%

                           = 11.6375%

Therefore, Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

6 0
3 years ago
QUICK!! FiRST PERSON TO ANSWER THIS CORRECTLY GETS BRAINLIES
FrozenT [24]

Answer:

I belive it's A.

Explanation:

Becuase often times, they collect and file and that was the only one that really made sense to me. Let me know if im wrong though.

6 0
2 years ago
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = (\frac{last value}{initial value} )^{\frac{1}{n} } -1

The last value = $800

The initial value = $400

n = number of years

Growth rate = (\frac{800}{400} )^{\frac{1}{22} } -1

                   = (2)^{\frac{1}{22} } -1

                   = 1.032 - 1

                   = 0.032

Growth rate % = 0.032×100

                        = 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

brainly.com/question/1383956

#SPJ4

4 0
1 year ago
Other questions:
  • Matt has $471.60 in his checking account and feels he's doing pretty well financially.Then his car stops running. His mechanic i
    10·1 answer
  • In the united states, about what percentage of the labor force performs tertiary sector work?
    15·1 answer
  • "tom is employed by acme industries and is covered by its group long-term disability plan. the company pays 80 percent of the pr
    8·1 answer
  • Mark owns stock in Walgreens. He has the right to vote on company issues and examine corporate records, and he receives dividend
    8·1 answer
  • Shana continues to buy a necessary medicine even though prices for the medicine rise sharply. Shana's behavior shows howa. the p
    7·1 answer
  • Kicks corporation sells running shoes and during janurary they ran production machines for 20000 total hours and incurred 9000 i
    9·1 answer
  • A firm is choosing between two machines. Machine X has a first cost of $5,000 and a useful life of 5 years. Machine Y has a firs
    13·1 answer
  • Vì sao thị trường tự do tốt cho người tiêu dùng?
    10·1 answer
  • Suppose a​ student-athlete has the opportunity to earn ​$600,000 next year playing for a minor league baseball​ team, ​$100,000
    6·1 answer
  • Last year the Baldwin company increased their equity. In 2020 their equity was $49,131. Last year (2021) it increased to $54,834
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!