Explanation:
The journal entries are shown below:
1. Building A/c Dr $176
Equipment A/c Dr $270
To Cash A/c $408
To Note payable A/c $38
(Being the building and the equipment is purchased for cash and note payable)
2. Cash A/c Dr $345
To Common stock $240 (120 shares × $2)
To Additional paid in capital A/c - Common stock A/c $105
(Being the common stock is issued for cash)
3. Retained earnings A/c Dr $145
To Dividend payable A/c $145
(Being the dividend is declared)
4. Short - term investment A/c Dr $7,616
To Cash A/c $7,616
(Being the short term investment is purchased for cash)
5. No journal entry is required
6. Cash A/c Dr $4,413
To Short - term investment A/c $4,413
(Being the short-term investment is purchased)
Answer:
B. No, because the advertisements are an invitation to bid.
Explanation:
An advert is not legally binding as it is just a means to capture consumer attention and convince them to buy a product or service.
Advertisements are merely considered as invitations to bid so the one made by Neti-pot Co is misleading because anybody reading it will immediately assume if a consumer takes the product the way it is advertised and begin to get side effects, the company will really give out the $100 promised.
Therefore, Sheldon wont get any compensation even if she decides to sue.
She will have to bear the consequences alone.
Answer:
cost of preferred stock will be equal to 4.56 %
Explanation:
We have given dividend on the preferred stock = $4.25
As the stock is sold for $93 per share so current price = $93
We have to find the preferred stock
We know that preferred stock is given by
Preferred stock 
= 4.56 %
So cost of preferred stock will be equal to 4.56 %
Answer & Explanation:
a). The contract between Lisa and Bob is valid and enforceable as a valid contract is an agreement between parties lacking no element. The contract was very detailed and well discussed regardless of Bob drinking it is still enforceable unless Bob can proof that the intoxication impaired his judgement and made him incompetent to sign the contract thereby making it void.
b). The contract will be valid if Bob signed it before the drinks arrived as the document was complete and his signature show acceptance of the terms of the contract.
c). A minor can not enter into a contract as they may lack the capacity to enter into a valid contract. As such, if Bob was a minor regardless of him being sober any contract signed by him can be completely voidable.
Answer:
1.5%
Explanation:
Below is the given values:
The expected inflation rate in Switzerland = 2.2%
The expected inflation rate in the U.S. = 1.6%
The risk-free yielding = 3.7%
The real rate of return on Swiss security = Risk-free yielding - Expected inflation in Switzerland
The real rate of return on Swiss security = 3.7% - 2.2%
The real rate of return on Swiss security = 1.5%
