Answer:
I will receive $1,302
Explanation:
Limit sell order is a term used to place a limit the price to sale a share at a fixed predetermined price of limit. When the price goes to your limit your stock will be sold at the limit price.
If the trade execute I will receives the price of limit sell order against each share.
Money I receive = 290 x $4.49 = $1,302.1
E. Connivance
Connivance is the willingness to secretly allow or be involved in wrongdoing
When you invest in more than one stock it gives a better chance of getting more money than you would have, if you only did one.
Answer:
Common Stock $3,400 (credit)
Mower $1,600 (debit)
Revenue Service $1,000 (credit)
Cash $2,600 (debit)
Gas Expense $100 (debit)
Dividends $0
Explanation:
See below the posting i have done to the ledger accounts.
Mower T - Account
Debit :
Accounts Payable $1,600
Credit :
Balance c/d $1,600
Revenue Service T - Account
Debit :
Balance c/d $1,000
Credit :
Account Receivable $1,000
Cash T - Account
Debit :
Common Stock $3,400
Credit :
Gas Expense $100
Dividends $700
Balance c/d $2,600
Gas Expense T - Account
Debit :
Cash $100
Credit :
Balance c/d $100
Dividends - T Account
Debit :
Shareholders for dividends $700
Credit :
Cash $700
