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masha68 [24]
3 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]3 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

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Which of the following considerations can sometimes override consequences when comparing and weighing alternatives for ethical d
adelina 88 [10]

Answer:

The correct answer is B

Explanation:

Principle is the term which is defined as the scientific law or theorem which has various special applications.

And sometimes matters of duties, principles or rights could countermand or override the consequences when weighing and comparing the alternatives related to the ethical decisions making.

For example, how an employee weighs and compares the alternatives for the ethical decision making might ground or depend on the duties or responsibilities linked with the position of the employee in the company.

3 0
3 years ago
Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be
e-lub [12.9K]

Answer:

Esquire should purchase machine B since its present value is lower than machine B's ($69,917.73 < $73,356.18)

Explanation:

Machine A:

PV of purchase cost $63,000

PV of maintenance costs = $2,000 x 6.7101 (PV annuity factor, 10 periods, 8%) = $13,420.20

PV of resale value = -$6,615 / 1.08¹⁰ = -$3,064.02

total PV = $63,000 + $13,420.20 - $3,064.02 = $73,356.18

Machine B:

PV of purchase cost $52,500

PV of maintenance costs:

  • $8,000 / 1.08³ = $6,350.66
  • $10,000 / 1.08⁶ = $6,301.70
  • $12,000 / 1.08⁸ = $4,765.37

total PV = $69,917.73

7 0
3 years ago
On January 1, 2019, Commercial Equipment Sales issued 22,000 in bonds for 21700. These are six−year bonds with a stated interest
Veronika [31]

Answer:

$1,565

Explanation:

Interest expense = Interest payment + Amortization expense

also,

Interest payment = 22,000 × 14% × [ 6 ÷ 12 ]           [∵ 6 ÷ 12 ; since payment are semiannual ]

Thus,

Interest payment = $1,540

and,

Amortization expense = [22,000 - 21,700 ] ÷ [6 × 2]      

= $25

Therefore,

Interest expense = $1,540 + $25

= $1,565

3 0
4 years ago
As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd
ZanzabumX [31]

Answer:

6.67%

Explanation:

Given:

Aimed increase in the number of tee sold = 10%

The price elasticity of demand for tee = -1.5

Now,

Elasticity in demand is calculated using the formula as:

Elasticity in demand = \frac{\textup{Percent change in quantity Demanded}}{\textup{Percent change in price}}

on substituting the respective values, we get

-1.5 = \frac{\textup{10}}{\textup{Percent change in price}}

or

Percentage change in price = -6.67%

here the negative sign depicts the decrease in price

Hence,

The correct answer is option 6.67%

8 0
3 years ago
Manuel, an it manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Manue
lora16 [44]

Manuel, an it manager, has been studying the actions that his workers perform in an attempt to improve their productivity Mateo is utilizing. In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.

workers productivity can be broken down further by industry to study trends in labor growth, salary levels, and technology advancement. Productivity increase is directly related to corporate earnings and shareholder returns. Productivity is a measure of the efficiency of a company's production process at the corporate level.

To learn more about Productivity, click here.

brainly.com/question/22852400

#SPJ4

6 0
2 years ago
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