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Veronika [31]
3 years ago
9

Payton, Inc.'s charter authorized 100,000 shares of stock with a par value of $1 per share. Payton issues 100 shares at a market

value of $5 per share. The journal entry to record this transaction will include a credit to _____ in the amount of _______.
Business
1 answer:
hoa [83]3 years ago
6 0

Answer:

Common stock and $100

Explanation:

The journal entry is shown below:

Cash Dr $500   (100 shares × $5)

     To Common stock $100  (100 shares × $1)

     To Additional paid in capital in excess of par value - common stock  (100 shares × $4)

(Being the issuance of the common stock is recorded)

For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity    

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Prepare a list of 5 possible problems that could occur in a contract situation.
Olin [163]

Answer:Your templates are constantly changing or getting lost.

You run into inconsistent formats, languages, and terms.

You can't keep track of the stages of each contract.

You overlook obligations and major milestones.

Email is slowing your contracting process down significantly.

Explanation:

4 0
3 years ago
Read 2 more answers
Demand each period is normally distributed and an order-up-to model is used to decide order quantities. Which of the following i
zmey [24]

Answer:

Correct answer is G.

I, II and III

Explanation:

Order-up-to-level (T) = d(P+L) + safety stock

d = mean demand

When Lead time is fixed,

Safety stock = function of (std deviation of demand, L, P, in-stock probability)

When Lead time also has variability,

Safety stock = function of (std deviation of demand, std. deviation of lead time, d, L, P, in-stock probability)

So, in any case, T will depend on d, std deviation of demand, and in-stock probability.

6 0
3 years ago
What is the normal balance for the Accounts in questions 4-6?
andre [41]

Answer:

4. Debit

5.Credit

6.Credit

Explanation:

The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.

The things are you have to recognize which of them are Asset, Liability or Owner Equity.

The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.

7 0
3 years ago
Consider the case of a good with external benefits. If you plant trees in front of your house, the neighborhood is more attracti
Veronika [31]

Answer:

1. b. Tax homeowners who plant trees.

2. Win - society and consumer

   Loose - tax payers and producers.

Explanation:

1. a). If the good creates a positive externalities, then the \text{private benefits from the good are less than the social benefits} from the good.

In the context, the following would not help to correct the problem :

Taxing the homeowners who plant the trees.

If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.

2. If the government pays for the program that helps to increase the planting the trees, then,

the one who will win from this program is : society and the consumers

the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.

6 0
3 years ago
An investment adviser would be considered to have custody of client funds if it:___.
Nutka1998 [239]

However, if you instruct a custodian or third party to transfer the money and you hold a check made by the client and payable to the advisor, the advisor will keep the client's money.

SEC-registered investment advisors who hold client funds or securities in custody are required to protect those funds under the SEC's custody rules. Custody Rules provide investors with additional protection against theft or embezzlement by investment advisors,

Managers of private equity funds and other private investment funds registered as investment advisers with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940 (the Advisers Act) are subject to regulation 206(4). -2 must be adhered to. custody rules.

Learn more about adviser at

brainly.com/question/13628349

#SPJ4

7 0
1 year ago
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