Business, 04.07.2020 14:01 Woodlandgirl14
Rodriguez Corporation issues 12,000 shares of its common stock for $210,500 cash on February 20.
Prepare journal entries to record this event under each of the following separate situations.
a. The stock has a $14 par value.
b. The stock has neither par nor stated value.
c. The stock has a $7 stated value.
Answers: 2
Business, 21.06.2019 18:20
Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.
Answers: 1
Business, 21.06.2019 19:20
In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.
Answers: 2
Business, 22.06.2019 03:20
The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out
Answers: 1
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
Rodriguez Corporation issues 12,000 shares of its common stock for $210,500 cash on February 20.
Pr...
Mathematics, 25.06.2019 00:10
History, 25.06.2019 00:10
Computers and Technology, 25.06.2019 00:10
Health, 25.06.2019 00:10
Biology, 25.06.2019 00:10
World Languages, 25.06.2019 00:10
English, 25.06.2019 00:10
Mathematics, 25.06.2019 00:20
Mathematics, 25.06.2019 00:20
Mathematics, 25.06.2019 00:20