Prepare the issuer's journal entry for each of the following separate transactions a. On March 1, Atlantic Co. issues 48,500 shares of $3 par value common stock for $315,500 cash. b. On April 1, Antigo Company issues no-par value common stock for $82,000 cash. c. On April 6, MPG issues 3,200 shares of $25 par value common stock for $51,000 of inventory, $160,000 of machinery, and acceptance of a $101,000 note View transaction list Journal entry worksheet 3 Record the issuance of 48,500 shares of $3 par value common stock for $315,500 cash. Note: Enter debits before credits Transactio General Journal DebitCredit
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These should be debited because the corporation issues common shares for its equipment and inventories. In order to issue the common stock and make the note payable credit, the corporation also accepts notes payable. And more paid-in capital will be used to make up the difference.
What is debits before credits?1. On March 1, a debit of $318,500 was made against cash, and a credit of $198,000 was made against common stock (49,500 shares at $4 par value).
Since the firm issues 49,500 shares with a par value in excess of that, a credit will be made to the additional paid-in capital account. It can be computed as [$(318,500/49,500) - $4]*49,500 or as $(318,500 - 198,000)
The additional capital in both circumstances is $120,500.
2. April 1 Cash Debit Credit $84,000 $84,000 in Common Stock
As the company issues the same number of shares with no par value, there won't be any more capital required.
3. $53,000 in April 6 Debit Inventory
Machinery $150 000 in debt
Credit $103,000 in Notes Due (3,400 times $20) Common Stock Credit $68,000 Additional paid-in capital of $32,000
These should be debited because the corporation issues common shares for its equipment and inventories. In order to issue the common stock and make the note payable credit, the corporation also accepts notes payable. And more paid-in capital will be used to make up the difference.
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Related Questions
The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. a. Record payment of fees earned. b. Record fees earned at the end of the month. c. Record fees that have not been earned at the end of the month. d. Record the payment of fees to be earned.
Answers
The adjusting journal entry does not include an explanation is option (b) Record fees earned at the end of the month
The entry in question is:
Debit - Accounts Receivable
Credit - Fees Earned
To determine the best explanation for this entry, we need to understand what each account represents. Accounts Receivable is an asset account that represents money owed to the company by its customers.
Fees Earned is a revenue account that represents the income earned by the company from providing services or selling goods.
Option B - "Record fees earned at the end of the month" is the correct explanation.
The entry involves crediting Fees Earned, which means the company has earned revenue, and debiting Accounts Receivable, which means the company has not yet received payment from its customers.
This is a typical adjusting entry made at the end of the month to recognize revenue that has been earned but not yet collected.
In summary, the adjusting journal entry in the question prompt is made at the end of the month to recognize revenue that has been earned but not yet collected.
It involves debiting Accounts Receivable and crediting Fees Earned.
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. In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitech stock for $57 per share after 1 year. If you require a rate of return of 16 percent on Hitech stock, how much would you be willing to pay now for a share of the stock?
Answers
Answer:
$52.89
Explanation:
To calculate the present value of a stock, we use the formula,
D + E
(1 + R)^Y
where, D = expected dividend, $4.35
E = expected stock price, $57
R = real rate of return, 16% or 0.16
Y = Number of years, 1
we have,
$4.35 + $57
(1 + 0,16) ^1 = $61.35 ÷ 1.16
= $52.887 ≈ $52.89.
The present value of the stock is $52.89.
Cheers.
Successful implementation of enterprise information technology system requires: Group of answer choices a set of tools for project managers and members to report project plans and status. information systems that improve communications and support collaboration among members of a workgroup. integrated data, text, voice, and video in a single solution that encompasses instant messaging, presence information, and video conferencing. the radical redesign of fundamental work processes and the automation of new processes.
Answers
Answer:
the radical redesign of fundamental work processes and the automation of new processes
Explanation:
Information Technology
This is simply regarded as."hard stuff". It includes computer, hardware, networks
Information System
This is simply regarded as "soft things". This includes software, data, apps.
Organization
This is simply regarded as some amount or group of people fully involved in some form of purposeful activity.
Enterprise reasource Planning System
This is simply known as a form of packaged system that gives room(allows) a business to eventually integrate and automate.
Organization information technology information systems
This is simply regarded as a form of information systems that tends to make better or improves communications and support collaboration among members of a project.
Which is NOT an indicator of a country's economic health? A. GDP B. standard of living
C. environmental awareness
D. inflation
Answers
Answer:
it's pretty much A or D figure it out
Living at home while enrolled in post secondary school
or training can save money on.....
books but it raises costs for tuition.
room and board but it raises costs for
transportation.
transportation but it raise costs for books and
supplies.
books but it raises costs for transportation.
Answers
Living at home while enrolled in post-secondary school or training can save money on b. room and board but it raises costs for transportation.
Cost is the trade-off made, which is often quantified by the resources given up to fulfil a certain objective. It entails making a sacrifice in exchange for goods or services. A student can save money on post-secondary education if they live at home since room and board expenses are lower.
A student may be required to pay for room and board, or lodging on the school's grounds when they enrol in postsecondary educational institutions or programs of study. However, if they choose to remain at home, they will not be required to pay for this room and board, allowing them to save money. Due to the daily requirement to visit the location, this might, however, raise transportation costs.
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Complete Question:
Living at home while enrolled in post secondary school or training can save money on.....
a. books but it raises costs for tuition.
b. room and board but it raises costs for transportation.
c. transportation but it raise costs for books and supplies.
d. books but it raises costs for transportation.
What is the key to creating value for consumers? multiple choice question. convincing consumers that they need a product, even if they do not perceive that they do
Answers
The key to creating value for consumers is not convincing them they need a product they don't perceive a need for.
The key to creating value for consumers lies in understanding and meeting their needs and desires effectively. Convincing consumers that they need a product, even if they do not perceive a need for it, is not the optimal approach. Instead, value creation involves identifying and addressing existing gaps or opportunities in the market, delivering products or services that fulfill consumers' desires, solving their problems, and enhancing their overall satisfaction.
By focusing on consumer insights, preferences, and expectations, businesses can develop and offer valuable solutions that genuinely resonate with consumers and provide them with benefits, leading to long-term customer loyalty and success in the market.
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which type of cues refers specifically to information found in a message that pertains directly to a product, its attributes, its advantages, or the consequences of its use?
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The fundamental tenet of the balance theory is that people are driven to preserve the appearance of consistency in the relationships observed in mental systems. The balance hypothesis, put out by Fritz Heider, is a theory of attitude change in the psychology of motivation.
The cognitive consistency motive is interpreted as a desire for psychological harmony. The desire to uphold one's ideals and views across time is known as the consistency motive.
A psychological theory called reinforcement theory contends that actions have consequences and that reinforcement, punishment, and extinction are all effective ways to alter behavior. Modern concepts concerning reinforcement theory were greatly influenced by behavioral psychologist B.F. Skinner.
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Genera 5
3
Select the correct answer.
Which relationship is possible when two tables share the same primary key?
O A one-to-one
ОВ.
one-to-many
OC. many-to-one
OD. many-to-many
Reset
Next
Answers
Question:
Which relationship is possible when two tables share the same primary key?
Explanation:
One-to-one relationship.
the nonprofit "1001 fountains for tomorrow", whose goal is to provide safe drinking water for small rural villages in cambodia, is an example of____
Answers
The nonprofit "1001 fountains for tomorrow" is an excellent example of a charity that is dedicated to providing a basic human need - safe drinking water - to small rural villages in Cambodia.
Access to clean and safe water is a fundamental human right, and this organization is doing a remarkable job of fulfilling that right. Their goal of building 1001 fountains is an ambitious one, but it is also incredibly important for the communities they serve. Providing safe drinking water not only improves the health and well-being of the people in these villages, but it also helps to empower them by giving them greater control over their own lives and the ability to develop their communities sustainably. In summary, "1001 fountains for tomorrow" is an inspiring example of a nonprofit that is making a significant impact by providing a critical need to vulnerable communities in Cambodia.
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Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers
Answer:
pay-per-click (each time a user clicks a link to a retailer’s website).
Explanation:
Pay-per-click is the cost stipulated by online survey platforms for each click on a sponsored ad.
Popularized by Google AdWords, this is one of the most used metrics for digital marketing, mainly because of the ease of having measurable digital advertising efforts.
The great advantages of this metric is the possibility of measuring and monitoring the number of users who will click on your link, making it more effective to analyze the impact that your business media has on people.
Discrimination
occurs when employment decisions about an individual are based on reasons not associated with job related performance
Answers
Discrimination in employment occurs when individuals are treated unfairly or subjected to adverse employment decisions based on factors that are unrelated to their job-related performance or qualifications.
Such factors can include a person's race, color, gender, national origin, religion, disability, age, or any other characteristic protected by law.
Employment decisions that are discriminatory can take various forms, including:
1. Hiring: When an employer refuses to hire an individual based on discriminatory reasons, such as their race, gender, or age, rather than evaluating their qualifications and ability to perform the job.
2. Promotion: If an employer denies an employee a promotion or advancement opportunity based on discriminatory factors, such as their gender or religion, rather than considering their performance, skills, and experience.
3. Termination: When an employee is fired or laid off due to discriminatory reasons, such as their disability or pregnancy, rather than for legitimate job-related reasons.
4. Compensation: If an employer pays employees differently based on discriminatory factors like their race or gender, providing unequal compensation for similar work and qualifications.
5. Harassment: Persistent mistreatment or harassment based on an individual's protected characteristics, creating a hostile work environment that interferes with their ability to perform their job effectively.
It's important to note that discrimination can be explicit or implicit, intentional or unintentional. Discriminatory practices are not only unethical, but they are also illegal in many jurisdictions. Anti-discrimination laws, such as the Civil Rights Act in the United States, are in place to protect individuals from employment discrimination and ensure equal opportunities for all qualified individuals in the workplace
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An account is balanced when
Answers
Answer:
When total debits exceed total credits, the account indicates a debit balance.
Explanation:
Answer:
an account is balance when total debits exceed total credits.
Explanation:
this means the account indicates a debit balance
Chester Corp. Ended the year carrying $3,578,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Chester Corp. ?
Select : 1
Save Answer
$2,136,000
$7,790,850
$5,771,000
$3,578,000
Answers
The amount of contribution margin the inventory would have brought to Chester Corp. is $3,578,000. Therefore the last option is correct.
In order to get the contribution margin, we are needed to know the variable cost per unit for the inventory and the selling price per unit. Let's consider that Chester Corp. sells a single product and he has the information of,
Selling price per unit: $50
Variable cost per unit: $25
The contribution margin per unit is the difference between the selling price and the variable cost can be calculated as under.
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $50 - $25
= $25
Now, to calculate the total contribution margin that Chester Corp. would have made if the entire inventory was sold, we need to know how many units of the product are in their inventory. It can be achieved by dividing the total value of the inventory by the cost/unit:
Number of units in inventory = Total value of inventory / Cost per unit
= $3,578,000 / $25
= 143,120 units
The total contribution margin that Chester Corp. would have earned if they sold their entire inventory is the contribution margin per unit multiplied by the number of units in inventory:
Total contribution margin = Contribution margin per unit x Number of units in inventory
= $25 x 143,120 units
= $3,578,000
So, it can be inferred that if Chester Corporation had sold their entire inventory at their current prices, they would have earned an additional amount of $3,578,000 in contribution margin.
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When the price of softballs is high, a ________ in price will raise total revenue. When the price is low, the seller should ________ the price to increase total revenue.
Answers
A Decrease in price will raise total revenue. When the price is low the seller should raise the price.
Demand vs SupplyAn increase in demand is inversely proportional to an increase in price, therefore as the price of softball increases the demand for softball will reduce, therefore to raise total revenue the seller should decrease price of the softball as that will lead to an increase in demand for the softball.
Hence we can conclude that A Decrease in price will raise total revenue. When the price is low the seller should raise the price.
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where can i watch the rock and roll hall of fame induction ceremony
Answers
Answer:
Copy and paste these exact words into You Tube
LIVE: Official Red Carpet of the 2021 Rock & Roll Hall of Fame Induction Ceremony
Explanation:
After reviewing the project scope statement, the owner specifies that costs MUST stay within $400,000. This criterion is classified as
Answers
The criterion where costs must remain at a certain level according to the owner or investments is called a Constrained criterion.
What is a constrained criterion?This is a requirement in a project scope statement that limits the costs to a certain level.
In this scenario, there is a requirement that costs should not go beyond $400,000 which means tha there is a limit to the cost in the project.
This is therefore a constrained criterion.
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
fixed cost
opportunity cost
variable cost
none of the above
Answers
which method of determining a training need is referred to when managers notice work methods that differ from standard operating procedures?
Answers
Observational Needs Assessment. managers directly observe employees' work practices and identify any gaps or deviations from the established procedures.
Observational Needs Assessment is the method referred to when managers notice work methods that differ from standard operating procedures. In this approach, managers directly observe employees' work practices and identify any gaps or deviations from the established procedures. By observing the employees in action, managers can gain insights into the specific training needs that arise from deviations, non-compliance, or inefficiencies in the work methods. This method allows managers to assess the actual performance and compare it to the desired standard, enabling them to pinpoint areas where additional training or support may be required to align employees' work practices with the established procedures.
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FILL IN THE BLANK. ____ _____ should announce support for the project audit and see that the audit group has access to all information, project participants, and project customers.
Answers
Project sponsors should announce support for the project audit and see that the audit group has access to all information, project participants, and project customers.
In the context of project management, project sponsors play a crucial role in supporting the project audit process. The project sponsor is typically a senior executive or a key stakeholder who provides oversight, resources, and strategic guidance to the project. They are responsible for championing the project and ensuring its success. When it comes to the project audit, the project sponsor's support is essential. They should publicly announce their endorsement of the audit and emphasize its importance. By doing so, they signal to the project team, stakeholders, and other relevant parties that the audit is valued and supported at the highest level of the organization. Furthermore, the project sponsor should ensure that the audit group, which conducts the audit, has unrestricted access to all necessary information, project participants, and project customers. This access enables the audit group to thoroughly evaluate the project's performance, identify areas for improvement, and provide valuable insights and recommendations. By actively supporting the project audit and facilitating the audit group's access, project sponsors demonstrate their commitment to transparency, accountability, and continuous improvement in project management practices.
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Briefly explain the laws that apply to the promotion of this product/service.
Answers
Explanation:
Product promotion is the act of advertising a good or service with the goal of increasing sales. Many companies use different techniques to promote their products through a vast array of communication media.
The government has the most influence over the production of goods and services in which economic system
Answers
Answer:
It’s command my good sir
Explanation:
Apex told me so
Answer:
Command
Explanation:
Apx
You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)
Loan amount $989,000
Interest Rate 11. 7%
Life 48 years
Date of Loan January 1, 2021
1. What is the annual payment (round to the nearest $)?
2. What are the total interest payments (round to the nearest $)?
3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)
5. What is the annual payment (round to the nearest $)?
6. What are the total interest payments (round to the nearest $)?
After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)?
Answers
The percentage of total interest paid after 28 payments is 69%, and the percentage of total principal paid after 28 payments is 10%.
Calculations of a Loan Annual Payment and Total Interest PaymentsNote: Only questions 1 to 4 are relevant as questions 6 to8 are just repetitions of questions 1 to 4 respectively.
Also Note: See the attached photo for the loan amortization schedule for the self-liquidating installment loan.
From the attached photo, we can answer the questions as follows:
1. Annual payment = $116,287
2. Total interest payments = Total of interest = $4,592,780
3. Percentage of total interest paid after 28 payments = Cumulative interest payment at Year 28 / Total interest payments = $3,152,232 / $4,592,780 = 0.69, or 69%
4. Percentage of total principal paid after 28 payments = Cumulative annual principal at Year 28 / Total principal payments = $103,806 / $989,000 = 0.10, or 10%
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Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
Answers
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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The income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price is: Multiple choice question. quota rent. economic profit. trade rent. accounting profit.
Answers
Answer: quota rent
Explanation:
1. "Undisputed marketplace leadership." - COMPANY A
AND
EXXON: "We are committed to being the world's premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while adhering to the highest standards of business conduct. These unwavering expectations provide the foundation for our commitments to those with whom we interact." - EXXON
Comment on the mission statements above?
Answers
The mission statements of COMPANY A and Exxon highlight their respective goals and aspirations.
COMPANY A emphasizes its undisputed marketplace leadership, indicating a focus on establishing a strong position in the market. This suggests a commitment to being a dominant player in their industry and potentially striving for market dominance as a key measure of success. On the other hand, Exxon's mission statement emphasizes their commitment to being the premier petroleum and petrochemical company. They prioritize achieving superior financial and operating results while adhering to high standards of business conduct. This indicates a focus on excellence in their operations and a commitment to ethical business practices.
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A list of investments held by an individual is a
portfolio
mutual fund
stock market
stock table
Answers
Answer:
Holdings are the contents of an investment portfolio held by an individual or entity, such as a mutual fund or a pension fund. so its A
Explanation:
Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answers
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
What are the three types of information the Federal Trade Commission looks for when investigating advertisers who are suspected to have violated advertising laws?
-substantiation
-affirmative disclosures
-endorsements
Answers
A statement or omission in an advertisement is considered deceptive under the FTC's Deception Policy Statement if it: Is likely to mislead consumers behaving rationally under the circumstances; and Is "material," or critical to a consumer's choice to purchase or utilize a product.
A commercial or business operation is considered unfair in accordance with the Federal Trade Commission Act and the FTC's Unfairness Policy Statement if: It results in or is likely to result in significant consumer harm that a consumer could not reasonably avoid, and the benefit to consumers does not balance it.The steps of a typical investigation are as follows:
The FTC examines the advertisement from the perspective of the "reasonable consumer," or the average viewer.
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