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Hunter-Best [27]
3 years ago
9

Roxy Inc. issued 3,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the d

ate of issuance was $14 per share. The entry to record this transaction includes a
Business
1 answer:
7nadin3 [17]3 years ago
3 0

Answer and Explanation:

The journal entry to record the issuance of the common stock is shown below;

Cash Dr (3,000 shares × $14) $52,000

  To Common stock (3,000 shares × $5) $15,000

  To Additional paid in capital $27,000

(being the issuance of the common stock is recorded)

Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity

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Why should you dress professionally and do some research beforehand?
kiruha [24]
B. you dress professionally because you need to be good in their eyes because some people judge by the way you wear and you need to make research to make you very confined and competent with your self , this will make you talk like a super star on the stage
6 0
3 years ago
Read 2 more answers
If the economy booms, Meyer&Co. stock will have a return of 20.4 percent. If the economy goes into a recession, the stock wi
Mnenie [13.5K]

Answer:

The standard deviation of the returns on the stock is 15.56%(Approx).

Explanation:

Expected Return=Respective return*Respective probability

=(20.4*0.67)+(-12.7*0.33)=9.477%

probability Return probability*(Return-Expected Return)^2

0.67          20.4 0.67*(20.4-9.477)^2=79.93899243

0.33          -12.7 0.33*(-12.7-9.477)^2=162.3003786

Total=242.239371%

Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)

=15.56%(Approx).

4 0
2 years ago
You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c
nadya68 [22]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $500

Number of months= 50

Monthly interest rate= 0.07/12= 0.00583

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {500*[(1.00583^50) - 1]} / 0.00583

FV= $28,928.06

Now, the present value:

PV= FV/(1+i)^n

PV= 28,928.06/(1.00583^50)

PV= $21,631.67

5 0
3 years ago
Which of the following is an example of a Specialty store? a. Big Lots c. Macy’s b. Wal-Mart d. PetSmart
erik [133]

Answer:

<u>PetSmart</u> is an example of a speciality store.

Explanation:

It sells stuff only related to pets, unlike the other stores mentioned.

7 0
2 years ago
How much of the stuff bought in the madness gets returned shortly after?
babymother [125]

Usually, people will buy 2 or 3 products that function almost the same; after that, they will be returned goods that don't match what they want.

Return of goods can be done in accordance with the terms and a predetermined period of time. In addition, there must be proof of purchase.

Sales returns are receipts of goods by the seller that are returned from the buyer. With a return policy, every item that has been purchased can be returned to the store that sold it as long as it is within the specified time and money equal to the price of the item will be returned.

Reasons for consumers returning goods are generally because they do not fit the size (for example clothing, mattresses, shoes, and others), do not meet expectations or there are similar items that are more attractive and more useful.

Learn more about example of a return transaction here :

brainly.com/question/11794378

#SPJ4

7 0
1 year ago
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