a company issued 50 shares of $100 par value common stock for $7,400 cash. the journal entry to record the issuance is:

Answers

Answer 1

The journal entry to record the issuance of 50 shares of $100 par value common stock for $7,400 cash would be:
Debit Cash - $7,400
Credit Common Stock - $5,000 ($100 par value x 50 shares)
Credit Paid-in Capital in Excess of Par Value - $2,400

Par value is the nominal or face value assigned to a share of stock by a company, typically a small amount such as $0.01, $0.10, or $1.00.

It represents the minimum amount that a shareholder must pay for each share of stock.

Paid-in capital in excess of par value is the amount that shareholders pay for a share of stock that exceeds its par value.

This additional amount represents the amount of capital that the company receives in excess of the minimum required by law.
In this case, the company issued 50 shares of $100 par value common stock for $7,400 cash.

The par value of the stock is $100 per share, so the total par value of the shares issued is $5,000 (50 shares x $100 par value).

The company received $7,400 cash for the shares, which is greater than the par value of the shares.

Therefore, the excess amount of $2,400 ($7,400 cash - $5,000 par value) is recorded as paid-in capital in excess of par value.

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Related Questions

All real estate advertising (use of business stationary, newsletters, billboards, etc.) must be done only with the ____________ knowledge and consent.

Answers

When making use of real estate advertising, it is important to get both the broker's knowledge and consent to create awareness.

What is Advertising?

This refers to the creation of awareness for a product or service to get people to buy and create sales and profit as a result.

Hence, in the case of real estate advertising, it is vital that the broker is aware and gives his consent before the awareness creation is done about a piece of property.

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1.1 Which statement best describes financial accounting …

A. Reports are prepared for managers and users inside the organisation

B. Provides a scorecard by which the past performance of a business is judged in

the form of financial statements which are used by stakeholders outside the

organisation

C. Conduct an official financial inspection of a company or its accounts

D. A and B only

E None of the above​

Answers

I’m not sure but I am thinking is B or C but if they are then I’m sorry :(

Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?

Answers

3eyy1ggh mi y

1uj gyrju3hxif2 2x ce I I b I 6x9

We would need to set up a ratio or proportion.
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen

List the four ways to become a business owner.

Answers

Answer:

1. Start your own business;

2.Take over a family-owned business.

3. Buy a franchise.

4. Buy an existing operating business.

Start your own business
Take over a family owned business
Buy a franchise
Buy an existing operating business

Standards that represent levels of operation that can be attained with reasonable effort are called.

Answers

Answer:

normal standards

Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.

WILL BE MARKED BRAILIEST!!
10 points for each
6.A woman enters an electronics store and asks for help choosing a laptop
she can use to watch movies with her grandchildren. She asks many
questions about an assortment of low- and higher-priced computers
before deciding to purchase one. It is most likely this person is a(n)
•interviewer
•mystery shopper
•trained facilitator
•focus group member

7.An elderly man with lots of free time uses baby lotion on his skin. He
would probably be a great candidate to complete a respondent diary.
True
False

8.Organizations use marketing research to gather data about
(Select all that apply) *
•their customers
•new products they are considering
•employees they want to hire
•their customers' preferences

Answers

Answer:

•mystery shopper

false

Explanation:

The credit made by the bank on December 29 represents the proceeds of a note received from a customer which was given to the bank for collection by the entity on December 26 .

Answers

The credit made by the bank on December 29 represents the proceeds of a note received from a customer which was given to the bank for collection by the entity on December 26.

When the bank credits an amount to the account of the depositor, it implies that the bank has received the funds. According to the law, the credit side of the ledger is used to indicate an increase in liability, revenue, or owner's equity. As a result, the bank will debit the depositor's account when it receives a note from the customer for collection and credit it when the money is received. The bank also debits its account when it gets money from the customer's account and credits it when the customer receives the money.

The note receivable is considered an asset by the company and should be listed on the balance sheet as such. When the company sends the note to the bank for collection, it is classified as an asset in transit and should not be included in the balance sheet. The note is, however, included in the footnotes of the financial statements.The bank, on the other hand, will classify the note as a receivable when it receives it from the company. The bank credits the company's account when it gets money from the customer. As a result, the bank will debit its cash account and credit the customer's account. The bank would also credit the interest revenue account at the time of collection.

The credit made by the bank on December 29 represents the proceeds of a note received from a customer which was given to the bank for collection by the entity on December 26. When the bank credits an amount to the account of the depositor, it implies that the bank has received the funds. The note receivable is considered an asset by the company and should be listed on the balance sheet as such. The bank, on the other hand, will classify the note as a receivable when it receives it from the company.

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What is not a perspective from which the supply function's contribution to organizational goals and strategies can viewed?

Answers

There is no perspective from which the supply function's contribution to organizational goals and strategies cannot be viewed.

Every perspective is valuable when considering the supply function's impact on achieving organizational goals and implementing strategies. Whether it is from a financial, operational, or customer perspective, understanding the supply function's role is essential to ensure successful implementation of organizational strategies. From a financial standpoint, the supply function can assist cut costs by locating goods and services more successfully and efficiently. Viewpoint on quality: The supply function can assist in making sure that products and services are of the highest caliber and adhere to set organizational requirements.

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Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C

Answers

answer: c hope it helps!

Answer:

a) I

Explanation:

The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.

What is one of the biggest telltale signs of a pyramid scheme?

Answers

Pyramid schemes posing as multi-level marketing businesses by claiming to have been in the business of selling goods to customers.

What is a pyramid scheme?

In a "pyramid" scheme, participants try to gain money purely by recruiting new members, typically if the recruiter guarantees a high return in a short amount of time.

There is no actual sale of merchandise or service; and. Fresh student recruitment is the main focus.

Instead of offering investments or making sales of goods, a pyramid scheme gathers members by promising income or services in exchange for bringing people into the plan.

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The price of a Honda Accord


a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables

b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables.

c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable.

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Answers

Answer:

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Explanation:

In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.

real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.

During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *

Answers

Answer:

5/7

Explanation:

The total time will be the aggregate of commercials and game time

=35 mins + 14 mins

=49 mins

game times as a fraction of total time

=35/49

=5/7

You just obtained a credit card. you immediately purchase a digital camera for $160. your credit limit is $4000. let’s assume that you make no payments and purchase nothing more and there are no other fees. the monthly interest rate is 1.42%. what is the growth factor of your credit card balance? a. 0.0142 b. 14.2 c. 1.0142 d. 1.42

Answers

The growth factor of your credit card balance is 1.0142. This is calculated by taking the monthly interest rate of 1.42% and adding it to 1, giving us a growth factor of 1.0142.

In this scenario, you have a credit limit of $4,000 and you have just purchased a digital camera for $160. Since you make no payments and purchase nothing more and there are no other fees, your balance will grow by the growth factor of 1.0142 each month.

To find the growth factor of a balance with an interest rate, you can use the formula:

Growth factor = 1 + (interest rate / 100)

In this case, the interest rate is 1.42%, so you can plug that into the formula:

Growth factor = 1 + (1.42 / 100)

Simplifying the fraction gives you:

Growth factor = 1 + 0.0142

Adding the two numbers together gives you the growth factor:

Growth factor = 1.0142

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Having the authority to define their own tasks makes it likely that workers will ______.
a.
Be less satisfied
b.
Abandon tasks
c.
Be more productive
d.
Expand lunch hours

Answers

Answer:

C is the correct answer on edge

Explanation:

Having the authority to define their own tasks makes it likely that workers will be more productive. Thus option (c) is correct.

Who are workers?

Workers are individuals who perform tasks or provide services in exchange for compensation, typically in the form of wages or salaries. They are an essential part of the labor force and contribute to the economy by producing goods and providing services.

The workers can be employed in a wide range of occupations, including but not limited to manufacturing, construction, healthcare, education, retail, hospitality, and professional services. They may work full-time, part-time, or on a contractual basis.

The workers will be more productive if thy have an authority to define their own tasks. Therefore, option (c) is correct.

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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?

Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and

Answers

The correct answer is Journalism

Explanation:

Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.

Answer:

D. Journalism

Explanation:

Deke is a military pilot tasked with providing visual confirmation that some suspicious structures behind enemy lines spotted by satellite are military in nature. Deke is MOST likely what type of pilot? bomber transport helicopter reconnaissance

Answers

The answer is Reconnaissance Pilot, Deke is a reconnaissance pilot as he is providing visual confirmation that some suspicious structures behind enemy lines spotted by satellite are military in nature.

What other name do pilots go by?

The person who directs the flight of an aircraft by manipulating its directional flight controls is known as an aircraft pilot or aviator. Because they manage the aircraft's navigation and power systems, several additional crew members, such navigators or flight engineers, are also regarded as aviators.

What is the mindset of a pilot?

Although they are aware that the wrong choice could have a catastrophic impact, pilots must always maintain a level head. They must continually choose the proper course of action in addition to acting promptly. Most of the time, there is no one perfect course of action.

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A derivative security's payoff is based on Multiple choice question. its own productive capacity its selling price other assets prices

Answers

A derivative security's payoff is based on other assets prices.

Derivative security

A derivative security is a financial instrument whose payoff is based on the value of another asset. Types of derivatives are futures, forwards, options, and swaps.

Also convertible bond is a derivative security because its value depends on the value of the underlying stock. A futures contract is a contract that trades on a regulated exchange.

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The following transactions took place at Sonoma Auto Parts and Custom Shop during the first week of July.

DATE TRANSACTIONS

July 1 Purchased batteries for $2,010 plus a freight charge of $127 from Batteries Plus Corporation; received Invoice 6812, dated June 27, which has terms of n/30.

3 Purchased mufflers for $3,200 plus a freight charge of $84 from Performance Mufflers; received Invoice 441, dated June 30, which has terms of 1/10, n/60.

5 Purchased car radios for $2,420 plus freight of $122 from Harbor Sounds Shop, Inc.; received Invoice 5601, dated July 1, which has terms of 2/10, n/30.

10 Purchased truck tires for $4,220 from Specialty Tire Company; received invoice 1102, dated July 8, which has terms of 2/10, n/30. The seller paid the freight charges.

Indicate how these transactions would be entered in a purchases journal.

Answers

By following these steps, you can accurately record and summarize the purchases made by Sonoma Auto Parts and Custom Shop in the purchases journal.

To enter these transactions in a purchases journal, follow these steps:

1. Open the purchases journal, which is a special book used to record all purchases made by the business.

2. Record the details of each transaction in separate rows, including the date, supplier's name, invoice number, and the total amount.

3. For the transaction on July 1, enter the date as July 1, the supplier as Batteries Plus Corporation, the invoice number as 6812, and the total amount as $2,010. Also, note the freight charge of $127 separately.

4. For the transaction on July 3, enter the date as July 3, the supplier as Performance Mufflers, the invoice number as 441, and the total amount as $3,200. Note the freight charge of $84 separately.

5. For the transaction on July 5, enter the date as July 5, the supplier as Harbor Sounds Shop, Inc., the invoice number as 5601, and the total amount as $2,420. Note the freight charge of $122 separately.

6. For the transaction on July 10, enter the date as July 10, the supplier as Specialty Tire Company, the invoice number as 1102, and the total amount as $4,220. Since the seller paid the freight charges, no separate entry is required for freight.

7. For all transactions, make sure to enter the appropriate terms of payment. For example, for the transaction on July 1, the terms are n/30, meaning payment is due within 30 days.

8. Calculate the amounts owed to each supplier by subtracting any discounts given from the total amount. For example, for the transaction on July 3 with Performance Mufflers, the terms are 1/10, n/60. This means that if paid within 10 days, a 1% discount can be taken. Calculate the discount amount and subtract it from the total amount.

9. Keep a running total of the purchases made during the first week of July to provide a summary of the total purchases for that period.

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A business owner who takes risk describes which of the following?
a. Entrepreneur
b. Status quo
C.Inventor
d. Entrepreneurship

Answers

Answer:

A. sorry if thats wrong!

It’s definitely A. Entrepreneur

If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?

Answers

Answer:

$270.00 in 15 years

Explanation:

3% of $600 = $18.00 annually

$18.00 x 15 years = $270.00 interest earned

QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?

Answers

Answer:

$31.25

Explanation:

40 hours a week x 4 weeks a month = 160 hours of work per month

$5,000 divided by 160 = $31.25

An agreement for the sale of securities in which the investment bank handling the transaction gives no guarantee that the securities will be sold is a(n) __________.


a. best efforts arrangement

b. guaranteed issue arrangement

c. private placement

d. underwritten arrangement

e. None of the above

Answers

An agreement for the sale of securities in which the investment bank handling the transaction gives no guarantee that the securities will be sold is a best efforts arrangement.Best Efforts AgreementBest efforts agreement refers to an agreement for the sale of securities in which the investment bank handling the transaction provides no guarantee that the securities will be sold.

This type of agreement is typically used for smaller or riskier issues for which the issuer may find it challenging to find buyers. The underwriter must use its best efforts to sell the securities to the public but is not obligated to buy them if they are not sold. This type of arrangement can be beneficial for companies that need to raise capital but do not want to be exposed to underwriting risk or do not want to pay for a more costly underwritten offering.

Guaranteed Issue ArrangementIn contrast, a guaranteed issue arrangement is one in which the underwriter buys the entire issue of securities from the issuer and then resells them to the public. In this scenario, the underwriter guarantees the sale of the securities, thereby taking on the risk that the securities will not sell. Private PlacementFinally, a private placement is the sale of securities to a limited number of investors without a public offering.

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technological advances allow smaller companies to compete with larger companies. group of answer choices true false

Answers

True, Technological advances allow smaller companies to compete with larger companies.

What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.

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My question got removed but can someone please help me with what the PESTEL anylasis for covergirl is. Please only real answers no links:)

Answers

Answer:

through this PESTLE Analysis for L’Oreal, the cosmetics and skincare giant, you now have an idea of where the brand currently stands in terms of business.

A brand as prestigious as L’Oreal, with such a rich history behind it, truly is inspiring especially because they managed to lead the market for over 100 years. It really boggles your mind to think they’ve made a century.

The brand although in no way is under even the slightest suspicion of extinction, they still have to work on correcting a few wrongs, the most important of which is completely eliminating animal testing. That will never be brushed under the rug. They also need to be very cautious of the contributing people in their supply chain so as to eliminate all sorts of slavery. They should develop a concrete policy on their use of toxins as well.

You will never be able to view a company in a full 360-degree perspective until you focus on understanding the various macro-economic factors that affect it. These factors play a very big role in shaping up the company’s overall performance. A PEST Analysis will help you not only in the identification but a thorough explanation of all of these factors

PESTLE is simply an acronym for political, economic, socio-cultural, technological, legal, and environmental analysis, which helps one in understanding where a company stands in depth.

You are more than welcome to visit our website if you wish to teach yourself how to work on a PEST analysis. We have all the detail you would need for comprehending the entire process. In fact, for those of you who wish to put their knowledge to practice, we even have the perfect PESTLE Analysis template for you to make things faster.

What is a reading credit card statement

Answers

The amount of all charges on your credit card account during the statement period.

The organization that works with companies on recalls of unsafe products (such as lead-paint laden Thomas the Train toys) is

Answers

The organization that works with companies on recalls of unsafe products is known as The Consumer Product Safety Commission (CPSC)

What is Consumer Protection?

This refers to the agency or body that is charged with the quality of goods and/or services that consumers buy and use.

Hence, we can see that the Consumer Product Safety Commission (CPSC) in America is the agency that is charged with helping with the safe recall of defective or unsafe products to protect the consumers.

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What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis C. Ensure that the organization's financial investment in employees pays off D. Help hire and place applicants in the best interest of the organization and individual

Answers

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Henry buys only chips and candy and spends all of his income on the two items. Suppose the price of chips rises. Henry adjusts his optimal consumption bundle such that he now buys less chips and less candy at his new consumer equilibrium. Which of the following statements must be true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the income effect must have been bigger than the substitution effect since we observe Henry buying less chips. b the income effect must have been bigger than the substitution effect since we observe Henry buying less candy. c the substitution effect must have been bigger than the income effect since we observe Henry buying less candy. d the substitution effect must have been bigger than the income effect since we observe Henry buying less chips.

Answers

The correct answer is D: the substitution effect must have been bigger than the income effect since we observe Henry buying less chips.


The substitution effect occurs when the price of one good increases, causing consumers to switch to a substitute good that has become relatively cheaper. In this case, the price of chips has risen, leading Henry to reduce his consumption of chips and candy at his new equilibrium.

The income effect, on the other hand, occurs when the purchasing power of the consumer changes due to a change in price.

Since Henry spends all his income on chips and candy, a rise in the price of chips would cause him to have less purchasing power, leading to a decrease in the consumption of both goods.

However, since Henry has reduced his consumption of chips, the substitution effect must have been stronger than the income effect, which is why option D is the correct answer.

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Consider the equation for present value. if you wished to increase the present value of a future amount by changing only one variable, which of the following actions should you take?

a. increase the time period
b. decrease the future value
c. decrease the interest rate
d. this statement cannot be answered with the information provided

Answers

Answer:

C

Explanation:

The formula for calculating present value

= FV x (1 + r)^-n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

To answer this question, let me illustrate with some examples

Scenario 1 :

FV = $100 r = 5% n = 1 PV = $95.24

Scenario 2 : increase the time period

FV = $100 r = 5% n = 2 PV = $90.70

Scenario 3 : decrease the interest rate

FV = $100 r = 4% n = 1 PV = $96.15

Scenario 4 : decrease the future value

FV = $90 r = 5% n = 1 PV = $85.71

We can see that it is in scenario 3 that the present value increased

because our flight monitor product is the best on the market, we are certain you will place an order next month. one of our representatives will be coming by next tuesday to complete your order. too pushy too general too timid

Answers

Because our flight monitor product is the best on the market, we are certain you will place an order next month. one of our representatives will be coming by next tuesday to complete your order. The issue here is that it is too pushy. Option A.

What does it mean for a request to be too pushy?

A person who is deemed to be excessively aggressive, forceful, or insistent is referred to as pushy. Individuals who strive to persuade others to comply with their demands or to agree with them are often those who are referred to as pushy.

They are sending a representative to complete the order without taking the customer's perspective into account or providing them the opportunity to ask questions about the goods.

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Read the following closing of a persuasive request, and then identify what is wrong with it.

Because our flight monitor product is the best on the market, we are certain you will place an order

representatives will be coming by next Tuesday to complete your order.

Too pushy

Too timid

Too general

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