1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babunello [35]
3 years ago
5

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on Nove

mber 19, it issued for cash 17,040 shares of preferred stock, $50 par at $53. Required: A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles. B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
Business
1 answer:
kkurt [141]3 years ago
3 0

Answer:

i am sorry i do not know

Explanation:

sorry

You might be interested in
Why are adjusting entries necessary?
qwelly [4]

Answer:

Option A) To record revenues and expenses

Explanation:

The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.

By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.

3 0
3 years ago
PLZZ HELP.Think of an advertisement that you found particularly effective. Describe the product and the advertisement. Explain w
yan [13]

Answer: I found Optimum Internet  advertisement effective.

Explanation: I found optimum internet effective because not only does it cost less but it's a good deal.

I really don't know if this is will help but that's what I find effective.

8 0
3 years ago
Read 2 more answers
If individuals believe their income will decrease in the near future, they may _____________ their spending
Finger [1]
Decrease, cut, halt, slow down.
7 0
3 years ago
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin
lutik1710 [3]

Answer:

c.$209,160

Explanation:

Given that the cash received from each sale will be collected over 2 months. If 30% of mechanize is to be sold for cash, then 70% will be sold on account. Further more, 80% of the credit/sale on account will be collected in the month of sale and 20% in the following month.

Hence for October, cash collection will include 20% of credit sale from September and 80% of the credit sale in the month.

Given that sales in September is $250,000

Amount expected to sold on account

= $250,000 - (30% × $250,000)

= $175,000

Amount expected to be collected from this sale in October

= 20% × $175,000

= $35,000

Amount of credit sale in October

= $311,000 - (30% × $311,000)

= $217,700

Amount of this credit sale to be collected  in October

= 80% × $217,700

= $174,160

Total collected from accounts receivable in October

= $174,160 + $35,000

= $209,160

6 0
3 years ago
If the fictitious country of Islandia puts all of its production resources into fish, it can produce 60 units of fish. If it put
Setler79 [48]

Answer:

1.5 unit of Coconut and 0.66 unit of fish. Mountania gets 0.66 fish per 1.5 unit of coconut it gives to Islandia.

Explanation:

a. What is the opportunity cost of producing 1 unit of fish in Islandia? unit(s) of coconuts.

it can produce 60 units of fish or 30 units of coconuts

Therefore 1 unit of fish has opportunity cost of 30 coconuts/60 fish = 0.5 unit of coconuts.

b. What is the opportunity cost of producing 1 unit of coconuts in Islandia? unit(s) of fish  

it can produce 60 units of fish or 30 units of coconuts

Therefore 1 unit of coconut has opportunity cost of 60 fish/30 coconut = 2 unit of fish.

c. What is the opportunity cost of producing 1 unit of fish in Mountania? unit(s) of coconuts  

it can produce 15 units of fish or 45 units of coconuts.

Therefore 1 unit of fish has opportunity cost of 45 coconuts/15 fish = 3 units of coconut

d. What is the opportunity cost of producing 1 unit of coconuts in Mountania? unitis) of fish  

it can produce 15 units of fish or 45 units of coconuts.

Therefore 1 unit of coconut has opportunity cost of 15 fish/45 coconut = 0.33 unit of fish

e. (Click to select)has a comparative advantage in the production of fish. ck to select) has a comparative advantage in the production of coconuts.  

Islandia can produce 60 units of fish or 30 units of coconuts and Mountania can produce 15 units of fish or 45 units of coconuts.

Therefore Islandia has comparative advantage in fish production because it can produce 45 more fish given same resources

f. What will be the terms of trade for fish? Betweena andunits) of coconuts .  

1.5 unit of Coconut can be derived as a basis for exchange when the opportunity cost of fish for mountania (3 coconut) is multiplied by the opportunity cost of fish for Islandia (0.5 coconut). At 1.5 units of coconut per fish, both countries will be happy because it is higher than the benefit Islandia would have gotten and lower than the cost that mountania would have borne.

What will be the terms of trade for coconuts?  

0.66 unit of fish can be derived as a basis for exchange when the opportunity cost of coconut for Islandia (2 fish) is multiplied by the opportunity cost of coconut in Mountania (0.33 coconut). At 0.66 units of fish per coconut, both countries will be happy because it is lower than the cost Islandia would have borne and higher than the benefit that Mountania would have enjoyed.

5 0
3 years ago
Other questions:
  • In order to price discriminate, a firm must
    13·1 answer
  • What is the total savings in purchasing thirty 13-cent lollipops for a class party at a reduced rate of $1.38 per dozen?
    10·1 answer
  • Marketing strategy often passes through three stages. at which stage is a company started by an individual who visualizes an​ op
    9·1 answer
  • Peachtree company borrows $30,000 from the local bank at 7% interest. the term of the note is five years and the annual payments
    5·1 answer
  • The record of all economic transactions between the residents of a country and the rest of the world is called​ ________.
    8·1 answer
  • The traits, skills, experience, knowledge, and other features necessary for job success are called
    11·2 answers
  • Ichor Co. reported equipment with an original cost of $379,000 and $344,000 and accumulated depreciation of $153,000 and $128,00
    11·1 answer
  • What is the percentage loss on the funds she invested if the interest payment is included in the calculation
    7·1 answer
  • Accounts Receivable Analysis A company reports the following: Sales $1,182,600 Average accounts receivable (net) 43,800 Determin
    15·1 answer
  • If the government removes a tax on a good, then the price paid by buyers will
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!