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mrs_skeptik [129]
3 years ago
11

The Snow Corporation issues 14,000 shares of $54 par value preferred stock for cash at $68 per share. The entry to record the tr

ansaction will consist of a debit to Cash for $952,000. What credit or credits will the entry consist of
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000

Explanation:

Given number of shares  = 14000

Par value of share = $54

Issued for cash = $68 per share

The cash debit amount = $952000

Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000

Cash (14000*68) Dr. 952000

Preferred Stock (14000*54) Cr. 756000

Paid in Capital in Par Value - Preferred Stock (14000*14) Cr. 196000

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What are the four types of data analytical method?.
Monica [59]

Answer:

<em>There are four types of analytics, </em>

  • <em>Descriptive, </em>
  • <em>Diagnostic,</em>
  • <em>Predictive, </em>
  • <em>Prescriptive.</em>
6 0
2 years ago
Read 2 more answers
Cosmetics makers focus on the unique needs of customers of different ages. The cosmetics makers recognize the importance of ____
solniwko [45]

Answer:

market segments

Explanation:

Market segments -

It refers to the portion of people , who have some common features , are referred to as market segment .

Where the market is segmented on the basis of some uniques characteristics in order to stand out in the competitive world .

Hence , from the given scenario of the question.

Cosmetics are designed according to the particular age age group , showcasing to be an example of market segments.

8 0
3 years ago
The expected return on the market portfolio is 18%. The risk-free rate is 10%. The expected return on SDA Corp. common stock is
svlad2 [7]

Answer:

The answer is SDA Corp stocks alpha is -1.75%

Explanation:

CAPM E(r_{SDA}) = 10 + 1.25(17 - 10) =

                         = 10 + 1.25(7)=

                         = 10 + 8.75

                          = 18.75%

\alpha_Sda = 17 - 18.75

         = -1.75%

8 0
3 years ago
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of
leva [86]

Answer:

1.                  2021 2022 2023

revenue       2912973 3399745       2197282

costs        2170000 2670000      3970000

gross profit        742973 729745       -1772718

2a. Debit Contract account 2912973, Credit revenue 2912973

Debit Bridge in progress 2170000 credit various accounts 2170000

Debit Accounts Receivable 2670000, Billing on CIP  2670000

Debit Bank  2420000, credit Accounts receivables 2420000

2b. Debit Contract account 3399745, Credit Revenue 3399745

debit work in progress 2670000, credit Various accounts

debit Accounts receivables 2920000, Billing on CIP 2920000

Debit bank 2645000, credit accounts receivables 2645000

3a. BALANCE SHEET 2021

current assets

accounts receivables         250000

Liabilities

billing                                  2670000

3b. current Assets  

Accounts receivables        275000

Liabilities

Billing                                2920000            

Explanation:

percentage of completion = cost incurred for start to date/ total estimated costs

percentation of completion  

2021 2022 2023

34.23% 74.18% 100

Revenue to be recognised = total revenue * percentage completed

current period revenue = revenue to be recognise - prior revenue

4 0
3 years ago
A municipal bondholder buys a 5 percent coupon annual payment muni bond at a price of $4,900. The bond has a $5,000 face value.
Levart [38]

Answer:

the after tax return on the investment is 6.40%

Explanation:

5% interest on the face value: 5,000 x 5% = 250 this interest are tax exempt.

capital gain:

4,975 - 4,900 = 75

75 x 15% = 11.25

net return: 75 - 11.25 = 63.75

total return: 250 + 63.75 = 313.75

investment 4,900

313.75 / 4900 = 0,064030 = 6.40%

3 0
2 years ago
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