X-Co issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $100 cash per share. The journal entry to record this event includes a ______. (Check all that apply.)

Answers

Answer 1

Answer:

- $100,000 debit to cash

- $10,000 credit to preferred stock

- $90,000 credit to additional paid-in capital


Related Questions

what are some of the industries which will be impacted by the application of quantum computing, as discussed in the prep material?

Answers

Some of the industries that are going to be impacted by the application of quantum computing includes:

The finance industry The energy industryPower sectorTransportationAerospace and Automotive industryPharmaceuticalsCyber security

Quantum computing can be described as a computational type that has to do with the usage of the collective abilities of quantum states to carry out calculations.

Quantum computers are used to carry out these computations. What is used to carry out the computations are:

superposition, interference, and entanglement.

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The annual percentage rate (APR) of a loan is different from the interest rate because it:
A. includes charges and fees.
B. includes the rate but not the fees and charges.
C. is calculated from the remaining interest owed.
D. only covers the interest for a year.

Answers

Answer:

i think the answer is b

Explanation:

Answer:

a

Explanation:

A. includes charges and fees.

About how long is a true elevator pitch?

Answers

An elevator pitch is about 20-60 seconds

Answer:

It's about 30 seconds

Hope this helps

Explanation:

in most states, only the member-managers will be entitled to vote. Group of answer choices True False

Answers

this is false hope that helps

When freelancers sell to publisher the right to use a piece only once, and there is no guarantee that it has not been published elsewhere first, this arrangement is known as a transfer of

Answers

Answer:

One time rights.

Explanation:

Penny has been using the same brand of shampoo since her mother first bought it for her. She switches to another brand after her favorite actress endorses it. Which principle of influence does Penny's action illustrate

Answers

Based on the information the principle of influence that Penny's action illustrate is authority.

Authority is a principle that can influence a person to act in accordance with people in that are in a higher position or people that has the authority to make vital decision.

Based on the information given Penny's action illustrate Authority because she trust the actress based on her status.

Penny's  believe that the actress is more reliable because she has endorse the brand and she felt complying with the actress will lead to a more  favorable result that using the brand her mother first bought for her.

Inconclusion the principle of influence that Penny's action illustrate is authority.

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The entry to record the issuance of 100,000 shares of $0.10 par value common stock for $10 per share is debit ______.

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The entry to record the issuance of 100,000 shares of $0.10 par value common stock for $10 per share will be:

Debit Cash for $1,000,000.Debit common stock $10000Debit Additional paid-in-capital $990000.

Based on the information given in the question, the amount that will be calculated for cash will be:

= 100000 × $10

= $1000000

Common stock will be:

= 100000 × $0.10

= $10,000

Additional paid in capital will be:

= $1,000,000 - $10,000

= $990,000

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because of automation, which component of product cost is declining?

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The costs involved in creating a product are called Product Costs. These costs include materials, labor, production supplies and factory overhead. The cost of the labor required to deliver a service to a customer is also considered a product cost

Defaulting on a secured loan is most likely to result in:
O A. losing the property used as collateral.
O B. lower interest rates on future loans.
O c. better offers from credit card companies.
O D. a faster loan-application process.

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It should be noted that defaulting on a secured loan will lead to A. Losing the property used as collateral.

A secured loan simply means a loan that is backed by collateral such as a car or home. In such a case, it's used as payment once the lender doesn't pay back the loan.

Therefore, defaulting on a secured loan is most likely to result in losing the property used as collateral. When one doesn't pay back at the due date, the collateral will be forgone.

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Answer:

a

Explanation:

A mountain bike is priced at $413. If the sales tax is 6. 5 percent, what is the cost to purchase the mountain bike? Round to the nearest cent if necessary. $26. 85 $28. 91 $437. 78 $439. 85.

Answers

Answer:

A

Explanation:

A. the answer to this question

For the first part of this activity, you will be given a hypothetical monthly income, a list of your basic monthly bills, and a brief description of your living situation and daily life.Based on that information, you will create a monthly budget and financial plan that allows you to pay all of the necessary bills while also having enough money left over to live for the month.

You currently work as an elementary school teacher.

Your annual salary is $45,000
You bring home a weekly paycheck and your total monthly income, after taxes, is $2,850.00
You live alone in an apartment with the following bills:

Monthly rent: $1,000
Electric Bill: $82
Gas and Water: $44
Internet: $75
Other monthly bills include:

Cell Phone: $85
Student Loan: $200
Car Insurance: $130
Gym Membership: $20
Other details and expenses:

You live a pretty simple life. You are single and enjoy going out to dinner with friends once or twice a month.
You enjoy eating healthily and generally spend a good portion of your income on purchasing organic food. You like to grocery shop weekly and, on average, spend $100 per week.
You have a dog and he is due for a monthly check-up this month. You estimate this will cost around $150, but you have not scheduled the appointment yet.
You are relatively healthy and rarely visit the doctor, but you do have asthma that requires monthly inhalers. These are not covered by insurance and cost you $110 per month.
You love treating yourself to a movie. A movie ticket costs $10.
There is a concert that your friends have asked you to attend this month. Tickets are $250.
You opened a savings account several months ago and set a goal to deposit $200 into it each month.
Your Mom’s birthday is this month and you want to send her flowers. It will cost $75 to send her a beautiful bouquet.
The service light recently came on in your car. You have been avoiding taking it to the shop because you anticipate that it will cost anywhere from $150-$300. But if your car breaks down, you will not be able to get to work.

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3750 take home monthly pay

if you have a salary that is the value for the whole year. Divide by 12 for each month to get the monthly take home gross pay.  

45000/12 = 3750

what is an economy?

Answers

Answer:

System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.

Explanation:

HOPE IT HELP

the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.

Answers

Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.

From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:

= ($4 - $1.5) × 3

= $2.5 × 3

= $7.5

Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:

= ($7 - $1.5) × 2

= $5.5 × 2

= $12

Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:

= ($12 - $1.5) × 1

= $10.5

It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.

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According to the article, why might employers want to ensure that they have cause when terminating an employee?

Answers

Reasons to terminate an employee is because of sexual harrasment, Drug or alchohol use, damaging company property, or unethical behaviour and service.

Urban development that stresses nearby access to transportation for local urban centers, less car dependence, and the use of greener transportation options is more generally likely to be seen in Europe and in some major urban centers in the United States.

True
False

Answers

Answer:

True

Explanation:

Its true

4. For a 10% $1,000 coupon bond, when the market interest rate is greater than 10%, the value of the bond:

Answers

Facts bro that’s so crazy

An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping

Answers

giving up going to move to spend time shopping..

Purchased goods on credit Rs. 2,000 from hari at 10% trade discount​

Answers

Answer:

SHE / HE HAS PURCHASED GOOD = 2000

CREDIT CARD

DISCOUNT = 10 %

[tex] \frac{10}{100} \times 2000 \: = \frac{10 \times 20}{1} = 200[/tex]

DISCOUNT YOU GOT IS 200

What happens when a series of services is performed in sequence where the output rate of one becomes the input rate of the next

Answers

:

we can no longer use the simple formulas given in the textbook.

Explanation:

I found the answer in my Mcgraw Hill textbook chapter 10 waiting lines .

Which of the following is an advantage of starting your own business?

Answers

Answer:

The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community. Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.

Explanation:

For internal record keeping, most companies carry their inventory using the _____ basis. Multiple choice question. LIFO FIFO average cost specific identification

Answers

For internal record keeping, most companies usually carry their inventory by using the inventory cost flow method that's known as LIFO.

LIFO simply means last in, first out. It's a method of account that's used to account for inventory. Under this method, the cost of the most recently bought goods are expensed first.

It should be noted that companies typically use LIFO because it realistically matches the current cost of an inventory with the current revenue that it produces.

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Countries in which people live on less than $1,000 a year are generally concentrated in what region of the world

Answers

I think its Antartica

The effect on the accounting equation of declaring a dividend that will be paid at a later date includes a(n):

Answers

Answer:

- decrease in stockholders’ equity

- increase in liabilities

Explanation:

The effect on the accounting equation of declaring a dividend that will be paid at a later date includes decrease in stockholdersequity and increase in liabilities.

What is  stockholders’ equity?

Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets.

Share Capital plus Retained Earnings minus Treasury Shares equals Stockholders' Equity. This equation, also referred to as the investor's equation, requires you to first calculate the share capital and then determine the business's retained earnings.

The calculation of shareholders' equity takes into account four factors: outstanding shares, additional paid-in capital, retained earnings, and treasury stock. A firm has sufficient assets to cover its liabilities if shareholders' equity is positive; otherwise, it has more liabilities than assets.

Thus, decrease in stockholders’ equity and increase in liabilities.

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what is the process of managing changes to the business requirements throughout the project?

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Answer:

Requirements management is the process of managing changes to the business requirements throughout the project. The analysis phase establishes descriptions of the desired features and operations of the system including screen layouts, business rules, process diagrams, pseudo code, and other documentation.

The practice of managing changes to the business requirements during the project is known as requirements management. In the analysis phase, descriptions of the required functions and features of the system are established. These descriptions may include screen designs, business rules, process maps, pseudo code, and other documentation.

What is requirements management?

The goal of requirements management is to make sure that a company records, confirm, and satisfies the requirements and expectations of its clients and other internal or external stakeholders. The study and elicitation of the organization's goals and limitations is the first step in requirements management.

Supporting planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering against requirements, and adjustments for these are all other components of requirements management.

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Jake receives a promotion at his law firm after winning an important case. This is an example of a: Group of answer choices Positive informal sanction Negative informal sanction Positive formal sanction Negative formal sanction

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Jake receives a promotion at his law firm after winning an important case. This is an example of a positive formal sanction.

Positive sanctions include celebration, praise, social recognition, congratulations, approval, social promotion, bonuses, awards, titles, prizes, etc.

In this case, since Jake receives a promotion at his law firm after winning an important case, it's an example of a positive formal sanction.

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Answer:

Positive Formal Sanction

Explanation:

Incumbent firms prefer to focus on incremental innovations which reinforce their established organizational structure and power distribution and avoid radical innovation that could disrupt their existing power distribution. This is known as

Answers

Organizational inertia is simply known to be the ability or strength of an organization to create internal changes in the midst of an important external changes. This is known as Organizational inertia

An organization inertia often increase or takes place step by step in the organization's actions. The organization therefore suddenly reacts based on past experiences and strongly resists against changing.

It is the ability of a mature organization to still stand on its main trajectory. This inertia is made up of two elements. They are resource rigidity and routine rigidity

Incumbent firms favor incremental innovation over radical innovation because radical innovation often obstruct or disturb the existing power distribution that takes place in the firms.

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composers in the classical period took middle-class tastes into account by

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Answer: flavoring their serious compositions with folk and popular music, writing comic operas that sometimes ridiculed the aristocracy, writing pieces that were easy for amateur musicians to play and understand

ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a ______.

Answers

If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:

Debit to Inventory of $500

Credit to Accounts Payable of $500.

Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:

ABC journal entry

Debit to Inventory of $500

Credit to Accounts Payable of $500

(To record merchandise on account)

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A stock issued by a stable corporation that generally attracts conservative investors is called a(n) _______ stock.

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Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.

Blue-chip stocks refers to a type of stock investment which is well-established by reliable companies that has advantageous positions in their markets.

These type of firm which issues Blue-chip stocks are firm which has been successful in the industry and thus, rewards its shareholders with regular dividends.

Therefore, the Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.

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A diversification strategy should enable a company or its individual business units to create value in the value chain to:

Answers

A diversification strategy should enable a company or its individual business units to create value in the value chain to: establish differentiation and increase pricing options.

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