To create the proper style for an argumentative essay, a writer should

Landmoon Inc. has 10,800 shares of common stock outstanding at a price of $42 per share. It also has 245 shares of preferred sto

zhuklara [117]

Answer:

0.0210

Explanation:

The computation of the weight of the preferred stock is shown below:

Particulars Shares Price Value ( Shares × Price) Weight ( Value ÷Total value)

Equity 10,800 $42 $4,53,600 0.4179

Preferred Stock 245 $93 $22,785 0.0210

Bonds 580 $1,050 $6,09,000 0.5611

Total value $1,085,385

for computing the weight we simply divide the value of the preferred stock with the total value

4 0

3 years ago

leaders in the industrialized world see booming populations in the least industrialized nations as a threat to: a= the continued

docker41 [41]

The right answer for the question that is being asked and shown above is that: "a= the continued expansion of their own nations." Leaders in the industrialized world see booming populations in the least industrialized nations as a threat to the continued expansion of their own <span>nations</span>

8 0

3 years ago

Read 2 more answers

During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200

crimeas [40]

Answer and Explanation:

The journal entries are shown below:

a.

On Jan 10

Cash Dr $100,800 (25200 shares × $4 )

To Common Stock $100,800

(Being the common stock is issued)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder so common stock is credited

On July 1

Cash $357,000 (51,000 shares × $7)

To Common stock $204,000 (51,000 shares × $4)

To Additional Paid in capital in excess of par value - Common stock $153,000 (51,000 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

b.

On Jan 10

Cash $100,800 (25,200 shares × $4)

To Common stock $25,200 (25,200 shares × $1)

To Additional Paid in capital in - Common stock $75,600 (25,200 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

On July 1

Cash $357,000 (51,000 shares × $7)

To Common stock $51,000 (51,000 shares × $1)

To Additional Paid in capital in - Common stock $306,000 (51,000 shares × $6)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

8 0

3 years ago

On January 1, 2020, Bonita Company purchased 12% bonds, having a maturity value of $320,000 for $344,260.74. The bonds provide t

Delvig [45]

Answer:

Following are the responses to the given points:

Explanation:

For point a:

Criteria I

Date: 1-1.2020 Debt Investments $\$3,44,260.74$

cash $\$3,44,260.74$

For point b:

Criteria II

Date: 31.12.2020 Interest Account receivable to pay $\$38,400.00 \ \ \ \ \ \ \ \ \ \ 320000\times 12\%$

Debt Investments $\$3973.93$

rate of Revenue $\$34,426.07(\$344,261.74 \times 0.10)$

31.12-2020 Fair Value Adjustment $1713.19$

Gain or loss - equity unrealized holding $1713.19$

for point c:

Criteria III

31.12-2021 Interest Account receivable to pay $\$38,400$

Debt Investments $\$4,371$

rate of Revenue $\$34,029$

31.12-2021 Gain or loss - equity unrealized holding $\$7,927.69$

Fair Value Adjustment $\$7,927.69$

$329700-335914.50=6214.50+1713.19 =7,927.69$

Please find the attached table.

8 0

3 years ago

Depletion glacier mining co. acquired mineral rights for $494,000,000. the mineral deposit is estimated at 475,000,000 tons. dur

Snezhnost [94]

Answer:

a.

1.04 per ton

b.

$32,760,000

c.

Dr. Depletion Expense $32,760,000

Cr. Accumulated Depletion $32,760,000

Explanation:

Depletion is an estimated cost of a natural resource that is extracted. This resource is expensed as the extraction is made.

As per given data

Value of Rights = $494,000,000

Estimated resources = 475,000,000 tons

Resources extracted in the period = 31,500,000 tons

Depletion expense is based on ratio of the amount of extraction in period to the total expected resource.

a.

Depletion Rate = $494,000,000 / 475,000,000 tons = $1.04 per ton

b.

Depletion Expenses = $1.04 x 31,500,000 tons = $32,760,000

c.

Depletion Expense is recorded by the debit entry because the expenses has the debit nature and accumulated depletion is credited because it is an contra asset account which have credit nature.

8 0

3 years ago