Answer:
<em>Primary Market</em>
Explanation:
A primary market <em>announces new bonds to get funding by debt-based or equity-based bonds on an exchange for businesses, governments, and other entities.</em>
Primary markets are promoted by subscribing investment bank groups that set a starting price target for a provided security and monitor its sale to shareholders.
After the initial purchase is complete, additional selling takes place on the secondary market, where the majority of trade takes place every day.
Answer:
$475,000
Explanation:
Calculation for By what amount would LBM credit capital in excess of par
Dr Cash $500,000
(25,000 shares*$20 per share)
Cr Common Stock $25,000
(25,000 shares*$1 per share)
Cr Capital in excess of par $475,000
($500,000-$25,000)
Therefore based on the above Journal entry and calculation the amount that LBM would credit as capital in excess of par will be $475,000 ($500,000-$25,000).
Answer:
Total Research Spending = $20,000 + $10,000 = $30,000
Amortization Rate = 1/5years = 20%
Expense in Year 1, 2 and 3 = $30,000 X 20% = $6,000 Each year
Explanation:
Answer:
Depreciation Expense=$7800
Explanation:
Step 1:
Calculate Net Income:
Net Income=Retained Earnings + Dividends
Net Income=$6250+$2200
Net Income=$8450
Step 2:
Calculate earnings before tax:
Earnings before tax=Net Income/(1-Tax Rate)
Earnings before tax=$8450/(1-0.35)
Earnings before tax=$13000
Step 3:
Depreciation Expense=Sales-Costs-Interest expense-Earnings before tax
Depreciation Expense=$48,000- $22,400-$4,800-$13000
Depreciation Expense=$7800