Answer:
Preferred stock for $500,000 and additional paid in capital for $200,000
Explanation:
Based on the information given The appropiate journal entry to record the stock issue will consist of a debit to cash for $700,000 and a credit to PREFERRED STOCK FOR $500,000 AND ADDITIONAL PAID IN CAPITAL FOR $200,000
Dr Cash $700,000
(10,000 shares *$70)
Cr Preferred stock $500,000
(10,000 shares *$50)
Cr Additional paid in capital $200,000
($700,000-$500,000)
Answer:
$13,240
Explanation:
The computation of the sales in first quarter of the year is shown below:
= January sales units + January sales units × increased percentage + February sales units × increased percentage
= 400 units + 400 units × 1.1 + 440 units × 1.1 units
= 400 units + 440 units + 484 units
= 1,324 units
So, now the sales is
= 1,324 units × $10
= $13,240
Answer:
What is the question?
Explanation:
I suppose that is if it is profitable to hire the new worker, according to microeconomics this decision must be based in something called marginal income and must be compare with the marginal cost because they can increase the income but not the profit depending of the cost of the new worker.
The answer is $3,500.
Given,
On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note.
Interest is payable at maturity.
Maturity date = July 1 + 8 months = March 1
Total interest incurred on maturity = Value of the note × Interest rate × time period
= 
= $4,666.67
Number of months as on December 31 = 6 months
Therefore, the amount of interest expense that the company would record in a year-end adjustment on December 31 is given by:
Interest expense = Total interest incurred on maturity × no. of months as on December 31
= $4,666.67 × 
= $3,500
Hence, the amount of interest expense that the company would record in a year-end adjusting entry on December 31 is $3,500
Learn more about interest expense:
brainly.com/question/11686424
Answer:
The correct option is: attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores
Explanation:
The Robinson-Patman Act. was an amendment to Clayton aniti-trust Act,it was enacted to address the issue of price discrimination.
The Act provided that businesses should charge the same prices to consumers not minding who the buyers are,hence the practice of higher bargaining power of large retail stores using their buying strength to buy in large quantity at lower price was nipped in the bud.
Previously,these large retail stores were able to buy at cheaper prices compared to smallholder retailers and were able to sell at cheaper prices too,thereby driving the retailers out of business.
