A company issues 8,000 shares of its \( \$ 10 \) par value common stock in exchange for equipment valued at \( \$ 105,000 \). The entry to record this transaction is

Answers

Answer 1

The entry to record the transaction of a company issuing 8,000 shares of its $10 par value common stock.

In exchange for equipment valued at $105,000 involves increasing the common stock account and recording the equipment as a non-cash asset.In this transaction, the company is exchanging its common stock for equipment.

To record this, the common stock account is increased by the par value of the shares issued. In this case, 8,000 shares with a par value of $10 per share would result in an increase of $80,000 in the common stock account.

Simultaneously, the equipment received in the exchange is recorded as a non-cash asset. The value of the equipment, which is $105,000, would be added to the asset side of the balance sheet. The specific account used to record the equipment would depend on the company's chart of accounts but might be something like "Equipment" or "Property, Plant, and Equipment."

Therefore, the entry to record this transaction would be:

Debit: Equipment $105,000

Credit: Common Stock $80,000

Credit: Additional Paid-in Capital (or other relevant equity account) $25,000

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Related Questions

when the us dollar appreciates, us exports rise. us imports decline. aggregate demand shifts leftward. aggregate demand shifts rightward

Answers

When the US dollar appreciates, it has an impact on various economic indicators. Here is an analysis of the impact of the appreciation of the US dollar on exports, imports, and aggregate demand.Exports riseWhen the US dollar appreciates, the goods and services produced in the US become more expensive for foreign buyers.

This results in a decline in demand for US exports. However, this also means that the foreign currencies required to purchase these goods have become relatively cheaper. This leads to an increase in demand for US exports, making them more attractive to foreign buyers, thus causing an increase in US exports.Imports declineConversely, when the US dollar appreciates, imports become cheaper as foreign currencies become relatively more expensive. This makes imports relatively more expensive and less attractive to US buyers.

Therefore, the demand for imports decreases, causing a decline in US imports.Aggregate demand shifts leftwardWhen the US dollar appreciates, US exports become more expensive and less attractive, leading to a decline in demand for US exports. The decline in exports leads to a decline in production, incomes, and employment in export-oriented industries. These factors ultimately lead to a decrease in aggregate demand.

Thus, when the US dollar appreciates, aggregate demand shifts leftward.Aggregate demand shifts rightwardOn the other hand, when the US dollar depreciates, US exports become cheaper, and demand for exports increases, leading to an increase in production, incomes, and employment in export-oriented industries. These factors ultimately lead to an increase in aggregate demand. Thus, when the US dollar depreciates, aggregate demand shifts rightward.

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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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when ordering raw materials of steel and aluminium the business is considering changing to jit advise them if its a good idea or not

Answers

The advantages the business gets if they  change to JIT are

reduction in inventory costImprovement in qualityIncrease in efficiency

The Advantages:

Decisions on whether or not to implement a Just-In-Time (JIT) inventory system for steel and aluminum raw material depend on many variables such as business size, market demand, lead time and supplier reliability. Here are the potential advantages and disadvantages of JIT inventory in such situations:

JIT helps businesses reduce inventory holding costs as raw materials are only ordered as required, thus freeing up cash flow for other investments and creating greater cashflow opportunities.

Quality Improvement: Just-In-Time production methods provide greater quality assurance as materials can be purchased in smaller batches that can then be thoroughly inspected upon their arrival.

Increased Efficiency: Just-In-Time ordering helps shorten lead times as raw materials are ordered only when necessary for production; leading to greater productivity gains overall.

Disadvantages of Just in Time production (JIT):

JIT requires businesses to become increasingly dependent on suppliers for materials delivery on time or at required quality levels; any supplier failure could create major disruption in operations and create costly supply issues for business operations.

Transportation Costs Increase with JIT Delivery Frequencies: JIT deliveries often necessitate more frequent delivery trips, which increases transportation expenses.

Difficulties Responding to Unexpected Changes: JIT requires accurate forecasts for demand and lead times

Requiring an efficient supply chain: JIT requires close cooperation between businesses and suppliers in the supply chain.

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What are some factors that would influence supply? Explain

Answers

Answer:

6 Factors Affecting the Supply of a Commodity (Individual Supply) |

Price of the given Commodity: ADVERTISEMENTS: ...

Prices of Other Goods: ...

Prices of Factors of Production (inputs): ...

State of Technology: ...

Government Policy (Taxation Policy): ...

Goals / Objectives of the firm:

Explanation:

Please mark as brain list

wine and roses, incorporated, offers a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 8.16 percent. the bonds mature in 10 years. what is the market price of a $1,000 face value bond? multiple choice $1,461.51 $1,449.42 $955.47 $1,055.32 $1,506.05 question 2 of 10 total 2 of 10 mcgraw hill

Answers

Based on the bond coupon, the semiannual payments, and the yield to maturity, the market price of the bond can be found to be $955.47.

How to find the market price of the bond?

The market price of the bond is the sum of the present value of the bond coupon payments and the present value of the face value of the bond.

The number of periods for the bond is:

= 10 years x 2 semi annual periods

= 20 semi annual periods

The periodic yield to maturity is:

= 8.16 / 2

= 4.08%

The coupon payment on the bond is:

= 7.5%/2 x 1,000

= $37.50

The present value of the coupons is:

= 37.50 x (1 - (1 + 4.08%)⁻²⁰) / 4.08%

= $506.05

The present value of the face value is:

= 1,000 / (1 + 4.08%)²⁰

= $449.42

The market price is therefore:

= 506.05 + 449.42

= $955.47

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dealing with complaints, resolving customer problems, and making sure the company is meeting customer expectations are critical to ensuring

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To ensure that a company is meeting customer expectations, it is important to effectively deal with complaints and resolve customer problems. Here's a step-by-step approach:

Listen to the complaint: When a customer raises a complaint, listen attentively to understand their concerns. Let them fully explain the issue without interruption. Apologize and empathize: Show empathy towards the customer's frustration or disappointment. Apologize for the inconvenience caused and assure them that their concerns are valid.


Follow up: After the resolution, follow up with the customer to ensure their satisfaction. Ask if there is anything else you can do to assist them and verify if the problem has been fully resolved.By effectively dealing with complaints, resolving customer problems, and consistently meeting customer expectations, a company can foster customer loyalty, maintain a positive reputation, and ultimately contribute to its success.

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how many patents have been issued in the united states?

Answers

Answer: 399,055 patents hope this helps

Explanation:

What are the steps for using the Evaluate Formula feature?

1. Select the cell with the formula you want to evaluate.

2. Click the
tab on the ribbon.

3. In the
group, click
.

4. Click Evaluate or
to start the process.

Answers

Answer:

Formulas

Formula auditing

evaluate formula

step in

Explanation:

just did it :)

Answer:

1) Formulas

2) Formula Auditing

3) Evaluate Formula

4) Step in

Explanation:

HOW TO USE THE EVALUATE FORMULA FEATURE:

1. Select the cell with the formula you want to evaluate.

2. Click the ✔ Formulas  tab on the ribbon.

3. In the  ✔ Formula Auditing  group, click ✔ Evaluate Formula .

4. Click Evaluate or  ✔ Step In to start the process.

Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment

Answers

Answer:

Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.

Explanation:

Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.

Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :

build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.

Four Ways through which Schools can promote Entrepreneurship include the following

Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.

What is Entrepreneurship ?

Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.

Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.

Entrepreneurship brings about creativity and as such value is created which leads to more wealth.

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What system did merchants in early centuries use to make commercial transactions easier

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In the early centuries, merchants made use of the Mercantilism system for commercial transactions.

What is Mercantilism?

In simple terms, it is an economic theory and practice known as "mercantilism," which was prevalent in Europe from the 16th to the 18th century.

Mercantilism advocated governmental regulation of a country's economy with the goal of enhancing state power at the expense of competing for national powers.

According to the theory, a strong nation should have a sizable population because a sizable population would offer a supply of labor, a market, and soldiers.

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What would it mean to our economy if the government took control of how and when businesses operate? Furthermore, what if they also began seizing bank accounts and/ or property?

Answers

What it would mean is that they would have control of everyone
We wouldn’t be able to do anything by ourselves with our own things
Since they would have control of our property and even bank accounts
It is technically taking away our life

If john deere reorganized its marketing department into four groups focused on homeowners, commercial landscaping, agriculture, and construction, which organizational model would it be adopting?.

Answers

If John Deere reorganized its marketing department into four groups focused on homeowners, commercial landscaping, agriculture, and construction, it would be adopting functional organizational model.

What is functional organizational model?A functional organizational structure is a typical kind of business organization that divides a corporation into various divisions according to areas of competence and groups personnel according to specialization, skill, or related duties.Greater control can be taken on operations and the way work is carried out by segmenting an organization into a number of functional entities.Illustration of a functional organizational structure are company division. department of engineering. Department of facilities. the division of human resources.Starbucks is an illustration of a functional structure in real life. A vice president oversees each of the company's three divisions. Department managers who are subordinate to two senior managers assist the vice president. The majority of the company's staff are lower-level workers in various departments.

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Many consumers feel skepticism towards salespeople.

True
False

Answers

Answer:

true

Explanation:

In a small economy, the quantity of money circulating in the economy is $2.5 million. Real GDP for the current year is $5 million, and the average price level is 2. What is the velocity of money

Answers

Answer:

Velocity of money = 4

Explanation:

Given:

Real GDP = $5 million

Quantity of money circulating = $2.5 million

Average price level = 2

Find:

Velocity of money

Computation:

Velocity of money = [Real GDP x Average price level] / Quantity of money circulating

Velocity of money = [$5 million x 2] / $2.5 million

Velocity of money = [$10 million] / $2.5 million

Velocity of money = 4

what statement best illustrates an example of economic specialist

Answers

The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone.
The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone."

Please help with economics for 100 points and brainliest

Please help with economics for 100 points and brainliest
Please help with economics for 100 points and brainliest
Please help with economics for 100 points and brainliest
Please help with economics for 100 points and brainliest

Answers

Answer: Okay, I’ll try.

Explanation:

the answer to your question is A

The need for electrical craft workers
A. Is centered around Industrial electricians
B. Has peaked and will not need future workers
C. Continues to grow
D. Is limited to commercial electricians​

Answers

The need for electrical craftworkers continues to grow. Option (c) is correct.

What do you mean by electrical craftworkers?

An Electrical craftworker assists a skilled journey-level worker engaged in one of the electrical trades.

Electrical craft work involves the maintenance and construction of electrical systems for construction and facilities installation and maintenance of overhead or underground power distribution systems or shop repair activities. Apprentice training possibilities leading to craft perspectives are available in some departments.

Therefore, Option (c) is correct.

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What retirement plan do you think fits most people best?

Answers

Answer:

I think most people go with the IRA.

1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers

Answers

Answer:It's A

Explanation: Took the test

Explain how a firm might use elasticity to set prices. Provide an example.

Answers

A firm can use elasticity to set prices by analyzing the responsiveness of demand to changes in price. Elasticity measures the percentage change in quantity demanded in response to a percentage change in price.

If demand is elastic (elasticity greater than 1), a price increase will lead to a significant decrease in quantity demanded. Conversely, if demand is inelastic (elasticity less than 1), a price increase will result in a relatively small decrease in quantity demanded. For example, let's consider a firm that produces luxury handbags. They conduct market research and find that the price elasticity of demand for their handbags is -1.5. This means that a 10% increase in price will result in a 15% decrease in quantity demanded. Based on this information, the firm can strategically set their prices. If the firm wants to increase revenue, they might choose to lower the price of their handbags. Since demand is elastic, a price decrease will lead to a proportionately larger increase in quantity demanded. This can attract more customers and generate higher overall sales volume. Conversely, if the firm wants to maximize profit margin, they might consider increasing the price of their handbags. Since demand is elastic, a price increase will result in a proportionately larger decrease in quantity demanded. However, the higher price can compensate for the decrease in quantity and potentially lead to higher profit per unit sold.

By analyzing the elasticity of demand, the firm can make informed decisions about pricing strategies to achieve their specific objectives, whether it is increasing revenue, maximizing profit margin, or finding a balance between the two.

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Imagine an important customer shows up at a hotel that is fully booked, and the reservation is missing. The manager must decide how to respond to the customer. At which level would this decision be made?

Answers

An significant client arriving at a fully filled hotel without a reservation would put the decision in the manager's hands.

A business manager is a manager who oversees the activities of a team of workers inside a company or department. They work to maintain the company's productivity, efficiency, and organization at all times by putting operational strategies into place, performing performance evaluations, and supervising all daily operations.

Teams can be led by managers who can give them a trustworthy purpose and direction. It supports staff in achieving their objectives and running daily operations for the business. The following measures for managing projects and possible recruits are also planned.

Thus, as per the situation given it comes under the level of manager's level to make a decision.

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as noted in your text, what advantage does the social learning aspect of studying management offer? multiple choice question. seeing how management differs from marketing and other business functions understanding how to avoid uncomfortable work situations giving insight on how to climb the corporate ladder being able to learn from others' mistakes so as not to repeat them

Answers

The advantage that the social learning aspect of studying management offers is: being able to learn from others' mistakes so as not to repeat them. Hence option D) is correct.

The advantage that the social learning aspect of studying management offers is: being able to learn from others' mistakes so as not to repeat them. Studying management with a focus on social learning allows individuals to observe and analyze real-world managerial situations, including both successes and failures.

By examining case studies, analyzing organizational behavior, and studying the experiences of managers in different industries, aspiring managers can gain valuable insights into the challenges and pitfalls they may encounter in their own careers.

Understanding the mistakes made by others provides an opportunity to learn from those errors and make more informed decisions. It helps individuals develop a deeper understanding of effective management practices, problem-solving techniques, and decision-making strategies. By learning from the experiences of others, individuals can avoid repeating the same mistakes and improve their own managerial skills and effectiveness.

Overall, the social learning aspect of studying management offers the advantage of leveraging the wisdom and experiences of others to enhance one's own managerial capabilities and avoid costly errors in the future. Therefore option D) is correct.

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The government in Chile recently informed Clint Travis' company that his retail grocery chain in Chile would have to be gradually turned over to the people of Chile by the year 2050. Additionally, starting next year fifty percent of the board of directors of the Chilean operation of the company must be Chileans. Which of the following political risk actions is Mr. Travis' company facing in Chile?
A. Confiscation
B. Expropriation
C. Domestication
D. Patronization
E. Socialization

Answers

Answer:

Option C

Explanation:

In simple words, Domestication happens when host nations gradually shift foreign capital to indigenous administration as well as possession through with a succession of governmental decrees that mandate local ownership and increasing national participation in administration.

Hence, from the above we can conclude that the correct option is C.

135.Suppose demand is perfectly elastic, and the supply of the good in question decreases. As a result,a.the equilibrium quantity decreases, and the equilibrium price is unchanged.b.the equilibrium price increases, and the equilibrium quantity is unchanged.c.the equilibrium quantity and the equilibrium price both are unchanged.d.buyers’ total expenditure on the good is unchanged.ANS:ADIF:2REF:5-1

Answers

The correct option from the following given is option (a). the equilibrium quantity decreases, and the equilibrium price is unchanged.

Since demand is perfectly elastic, any decrease in supply will lead to a proportionate decrease in the quantity demanded. However, since the demand is perfectly elastic, the price cannot increase to compensate for the decrease in supply. Therefore, the equilibrium price remains unchanged.

As a result, the equilibrium quantity decreases, and the equilibrium price is unchanged. The buyers' total expenditure on the good will also decrease since they are purchasing fewer units of the good at the same price.

Hence, the correct option is "A" - the equilibrium quantity decreases, and the equilibrium price is unchanged.

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on july 1, hanson corporation issued 10 shares of $100 par value preferred stock for cash of $1,000 per share. complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Answers

Paid-In Capital in excess of par value, preferred stock = $9,000

Moreover, We have Debit = $10,000                                                                                                

And we have Cash = $1,000

Preferred Stock, 100 par value                                        

So, Paid-In Capital in excess of par value, preferred stock = $9,000.

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General Motors, Headquartered in Detroit, Michigan, sells Luke a 2021 Chevy Impala through one of its authorized dealers in Wilmington, NC. The car has a defective fuel line, catches fire, and injures Luke. Luke suffers $500,000 in personal injury and economic damages. Discuss which court (or courts) have jurisdiction in this case

Answers

The court(s) that would have jurisdiction over this case would be the state court and/or the federal district court of North Carolina, depending on the nature of the lawsuit and the parties involved.

In the scenario presented above, Luke has been injured in an accident that resulted from a defective fuel line in his 2021 Chevy Impala that he purchased from an authorized dealer in Wilmington, NC. It has led to $500,000 in personal injury and economic damages. Now the discussion is about which court or courts would have jurisdiction over this case.Jurisdiction refers to the legal authority of a court to hear and decide on a specific case.

There are two types of jurisdiction: personal and subject matter jurisdiction. Personal jurisdiction is the court's power over an individual, while subject matter jurisdiction is its power over the case or controversy in question. In the given scenario, the court that would have jurisdiction over the case would depend on a few factors. First, General Motors, the manufacturer of the car, is headquartered in Detroit, Michigan. This gives the state of Michigan some level of jurisdiction over the case. On the other hand, the car was sold to Luke in Wilmington, North Carolina, through one of General Motor's authorized dealers. This gives North Carolina some level of jurisdiction as well. However, since the injury and damages occurred in North Carolina, it would be considered the most appropriate venue for the lawsuit.

The court that would have jurisdiction over the case, in this case, would, therefore, be the state court of North Carolina. Additionally, since the damages incurred exceed $75,000, the case would likely be heard in the federal district court of North Carolina.

Hence, the court(s) that would have jurisdiction over this case would be the state court and/or the federal district court of North Carolina, depending on the nature of the lawsuit and the parties involved.

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Which type of advertising does a business use to enhance its image in the market and society?

Through (BLANK) advertising, businesses try to enhance their reputation in the market as well as society.

Answers

Answer:

Public relations

Explanation:

Public relations are the efforts of a company to create good relations between itself and society. It uses the media to relay positive messages about the company to society. Public relations is about creating a goods reputation for the company in the eyes of the community.

In public relations, a company engages in activities that promotes its image in society. It may sponsor sports events,  engage in charity work, or partner with the community in other social activities. When such activities are highlighted in the media, they create a good reputation for the company.

Answer:

Public relations

Explanation:

You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?

Answers

Answer:

658

Explanation:

In a paragraph response below, describe how the structure and organization of this text affected the listening/reading experience. How did it enhance the message behind the speech?

Answers

Text structures describe how writers arrange information in their texts. Understanding the fundamental organization of texts can assist students in concentrating on important ideas and relationships, anticipating what will come next, and keeping track of their knowledge as they read.

What is text structure?

Text structures describe how writers arrange information in their texts. Students may concentrate on important ideas and relationships, anticipate what will happen next, and keep track of their knowledge as they read by understanding the underlying structure of texts.

Sequential, narrative, time, proposition/support, compare/contrast, problem/solution, order/chronology, cause/effect, inductive/deductive, and study are a few examples of text structures.

Academic writing must have a solid structure.  A coherent document in academic writing must have a clear structure and logical flow.

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What types of loans are available to consumers?

Answers

Explanation:

Credit Cards: That used fund daily transactions by customers.

Car Loans: That used fund the purchasing of a car by customers.

Private loans: Used mostly by borrowers for school funding.

Personal Loans: Being used personal usage by customers.

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