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4 years ago

PUILPie CIUILE QUSLU11 00

Business

1 answer:

adell [148]4 years ago

4 0

Answer:

The journal entry to record the issuance of new stocks is:

Dr Cash 164,800

Cr Common stock 72,100

Cr Additional paid in capital in excess of par value 92,700

When you issue new stocks, the common stock account increases by par value (= 10,300 stocks x $7). Any money obtained over par value must be recorded under the additional paid in capital account (= 10,300 x $9).

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You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound

Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

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

C $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

$15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\$

we clear for n as much as we can and solve

$(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}$

$(1+0.004)^{-n}= 0.20$

now we use logarithmic properties to solve for n:

$-n= \frac{log0.2}{log(1+0.004)$

-403.16

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0

4 years ago

Bank customers try to reduce uncertainty of using a service by drawing inferences from the ________, such as the design of the b

Bas_tet [7]

The answer is "place". Bank clients attempt to decrease vulnerability of utilizing an administration by drawing surmisings from the place, for example, the outline of the building's outside and inside, the format of the work areas, and the length of holding up lines

8 0

4 years ago

Private business dealings based on supply and demand define __________.

Blababa [14]

So here the interplay of supply and demand influences the dealings of the private business - which means that it's not centrally decided but rather market analysis is done to determine what is needed.

The best answer is: market forces!

If the head of the business was not looking to the market, but rather making central decisions, we could call it "central planning "

5 0

3 years ago

Read 2 more answers

S. Wang and T. Wu are partners with equal capital balances of $50,000 each. They agree to let J. Li invest $20,000 in their part

loris [4]

The journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000

First step is to calculate S. Wang and T. Wu and J. Li capital amount

Capital=$50,000+$50,000+$20,000

Capital=$120,000

Second step is to calculate their new capital

New capital=$120,000*.10

New capital=$12,000

Now to determine Wang bonus amount we have to divide the capital equally between S. Wang and T. Wu

Bonus=($20,000-$12,000)/2

Bonus=$8,000/2

Bonus=$4,000

Therefore journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000

Learn more about Partnership share of Capital here:

brainly.com/question/13219570

8 0

3 years ago

"A corporation has issued $1,000 par, 8% convertible bonds, callable at par. The bonds are convertible into 20 shares of common

enot [183]

Answer:

Convert the bonds into 20 common stocks.

Explanation:

the investor has 3 options:

sell the bond at $1,000 x 1.005 = $1,005
sell the bond to the corporation at $1,000 + $10 = $1,010
convert the bond into 20 common stocks = 20 x $51 = $1,020

the option that yields the highest return is to convert the bonds into common stocks.

3 0

3 years ago