Answer:
O National Security
Explanation:
The Government and Public Administration cluster is composed of people who assist in enforcing the law. The cluster includes people in military workers, municipal clerks, and service clerks,
National security concerns the ability of a country to cater to its citizenry's protection and defense. Pharell liking for physical fitness and patriotism will make him a perfect fit for protecting the citizens and the country.
Answer:
Sorry im late but theyre right
Explanation:
2) Would you take it outside daily?
3) Would you keep in inside a kennel/cage?
4) If not where would you keep it? If so how would you decorate it?
5) Would you play with it often?
6) Would you rather sell it to a random guy that claims he's a Zoo Keeper for 2,800$? or keep it but have to give him 100$?
Bonus!) Should I make a part 5?
Answer: QUESTION 1. 2 Question 2 no QUESTION 3 MAYABE QUESTION 4 I MAY DECRATE ASHCETIC LIKE QUESTION 5 HELL YES QUESTION 6 I WOULD KEEP IT
Explanation:
Answer:
Journal
Account Title
Accounts Payable $400 (Debit)
Purchase return and allowances $400 (Credit)
Account Payable
Dec 7 Cash $400 (Debit)
Purchase Returned
Dec 7 Cash $400 (Credit)
a) slow; fast
b) slow; standard
c) standard; slow
d) standard; fast
Answer:
d) standard; fast
Explanation:
Standard cycle market is defined as a market where a company's products (competitive advantage) are shielded from imitation. This is seen in the given scenario as multi-year contracts with artists and sold copyright-protected music through established distribution channels.
Fast cycle market on the other hand occurs when the competitive advantage of a company is not shielded from imitation. The imitation occurs regularly. In the given scenario this is exemplified by a shift to the digital format and the rise of Internet technology have resulted in the sharing of music over peer-to-peer networks, a practice the industry calls "piracy
Common Stock, 5,000,000 shares authorized, 2,000,000 shares outstanding $10,000,000
Paid-in Capital in Excess of Par - Preferred Stock $200,000
Paid-in Capital in Excess of Par - Common Stock $27,000,000
Retained Earnings $4,500,000
The following transactions affected stockholders' equity during 2018.
Jan. 1 - 30,000 shares of preferred stock issued at $22 per share.
Feb. 1 - 100,000 shares of common stock issued at $20 per share.
June 1 - Declared a 5% stock dividend on the outstanding common stock when the stock is selling for $25 per share.
June 20 - Issued the stock dividend declared on June 1.
July 1 - 30,000 shares of common treasury stock purchased at $10 per share.
Sept. 15 - 10,000 shares of treasury stock reissued at $11 per share.
Dec. 31 - The preferred dividend is declared, and a common dividend at $0.50 per share is declared.
Dec. 31 - Net income is $2,100,000.
Required:
1. Prepare Journal Entries to Record the Transactions.
2. Prepare the stockholders' equity section for Hatch Company at December 31, 2018. Show all supporting computations.
1. The preparation of the journal entries to record the stock transactions for the year is as follows:
Jan. 1, 2018: Debit Cash $660,000
Credit Preferred Stock $600,000
Credit Additional paid-in capital-Preferred Stock $60,000
Feb. 1, 2018: Debit Cash $2,000,000
Credit Common Stock $500,000
Credit Additional paid-in capital-Common Stock $1,500,000
June 1, 2018: Debit Retained Earnings $2,625,000
Credit Stock Dividend Distributable $2,625,000
June 20 Debit Stock Distributable $2,625,000
Credit Common Stock $525,000
Credit Additional paid-in capital-Common Stock $2,100,000
July 1, 2018: Debit Treasury Stock $150,000
Debit Additional paid-in capital- Common Stock $150,000
Credit Cash $300,000
Sept. 15, 2018: Debit Cash $110,000
Credit Treasury Stock $50,000
Credit Additional paid-in capital- Common Stock $60,000
Dec. 31, 2018: Debit Dividends: Preferred Stock $3,600,000
Debit Common Stock $1,092,500
Credit Dividends Payable $4,692,500
Dec. 31 Debit Income Summary $2,100,000
Credit Retained Earnings $2,1000,000
2. The Stockholders' Equity Section of Hatch Company's Balance Sheet at December 31, 2018, is as follows:
8%, $20 par value Preferred Stock:
Authorized stock, 1,000,000 shares
180,000 shares, Issued and Outstanding $3,600,000
Additional paid-in capital - Preferred Stock $260,000
Common Stock, $5 par value:
Authorized stock, 5,000,000 shares
2,215,000 shares outstanding $11,075,000
Additional paid-in capital- Common Stock $30,810,000
Treasury Stock (20,000 shares) ($100,000)
Retained Earnings $717,500
Supporting Calculations:
180,000 shares, Issued and Outstanding = $3,600,000 (3,000,000 + 600,000)
Additional paid-in capital - Preferred Stock $260,000 ($200,000 + $60,000)
Common Stock, $5 par value:
Authorized stock, 5,000,000 shares
2,215,000 shares outstanding = $11,075,000 ($10m + $500 + $525 + $50)
Additional paid-in capital- Common Stock = $30,810,000 ($27m + 1.5m + $2.1m - $150 + $60)
Treasury Stock = $100,000 ($150,000 - $50,000)
Retained Earnings = $717,500 ($4,500,000 + $2,100,000 - $2,625,000 - $4,692,500)
Data and Calculations:
Capital stock:
8%, $20 par value Preferred Stock:
Authorized stock, 1,000,000 shares
150,000 shares, Issued and Outstanding = $3,000,000
Additional paid-in capital - Preferred Stock $200,000
Common Stock, $5 par value:
Authorized stock, 5,000,000 shares
2,000,000 shares outstanding = $10,000,000
Additional paid-in capital- Common Stock = $27,000,000
Retained Earnings = $4,500,000
Transactions Analysis:
Jan. 1, 2018: Cash $660,000 Preferred Stock $600,000 Additional paid-in capital-Preferred Stock $60,000
Feb. 1, 2018: Cash $2,000,000 Common Stock $500,000 Additional paid-in capital-Common Stock $1,500,000
June 1, 2018: Retained Earnings $2,625,000 Stock Dividend Distributable $2,625,000 (2,000,000 + 100,000 x 5%) 105,000 shares at $25 per share
June 20, 2018: Stock Distributable $2,625,000 Common Stock $525,000 Additional paid-in capital-Common Stock $2,100,000
July 1, 2018: Treasury Stock $150,000 Additional paid-in capital- Common Stock $150,000 Cash $300,000
Sept. 15, 2018: Cash $110,000 Treasury Stock $50,000 Additional paid-in capital- Common Stock $60,000
Dec. 31, 2018: Retained Earnings: Preferred Stock Dividend $3,600,000 (180,000 x $20) Common Stock Dividend $1,092,500 (2,185,000 x $0.50) Dividends Payable $4,692,500
Dec. 31 Income Summary $2,100,000 Retained Earnings $2,1000,000
Learn more about recording stock transactions here: brainly.com/question/25819234
Answer:
Explanation:
Date Accounts and explanations Debit ($) Credit ($)
Jan. 1, 2018 Cash (39,900*$23 per share) 917,700
7% Preferred stock (39,900 shares * $20 per share) 798,000
Paid-in capital in excess of par - Preferred stock (39,900 shares * $3 per share) ($23 - $20) 119,700
(To record the issue of preferred shares with premium for cash)
Feb. 1, 2018 Cash (53,400*$21 per share) 1,121,400
Common stock (53,400 shares * $5 per share) 267,000
Paid-in capital in excess of par - Common stock (53,400 shares * $16 per share) ($21 - $5) 854,400
(To record the issue of preferred shares with premium for cash)
June. 1, 2018 Common stock (2,127,000 shares + 53,400 shares = 2,180,400)*$5 per share 10,902,000
Common stock (2,180,400 shares * 2 * $2.5 per share) 10,902,000
(To record stock split of 2 shares issued for every one share held)
July. 1, 2018 Treasury stock (32,000 shares * $10 per share) 320,000
Cash 320,000
(To record the purchase of treasury stock by cash)
Sept. 15, 2018 Cash 122,400
Treasury stock (10,200 shares * $10 per share) 102,000
Paid-in capital in excess of par - Treasury stock (10,200 shares * $2 per share) ($12 - $10) 20,400
Dec. 31, 2018 Income summary (Net income) 2,182,000
Retained earnings 2,182,000
(To record the net income at the end of the year)
Dec. 31, 2018 Retained earnings 1,348,380
Preferred dividends ($3,046,000 + $798,000)*7/100) 269,080
Common dividend (see note) (2,158,600*$0.5 per share) 1079300
(To record the declaration of dividends)
Working note:
Particulars In shares
Total shares issued 2,180,400
Less: Treasury shares 32,000
Add: Reissue of treasury shares 10,200
Total share to be accounted 2,158,600
Note: For stock split, no journal entry is required as there will be no change in the total value but only the number of shares will increase and per share will decrease keeping the total value same. Only memorandum entries are prepared.
The common stock dividend per share is confusing with another symbol whether it is $5 per share or $0.5 per share, so it is assumed as $0.5 per share is declared as dividend for common stock.
Note: Since no question is asked in this post, it is assumed that journal entries are required to record transactions that occurred during 2018.
Answer:
supplied , left
higher, lower
Explanation:
When people start consuming more and saving less, this would result into lower quantum of funds parked with banks and financial institutions. Due to shortage of funds, the supply of loanable funds in the market would get reduced i.e the supplied line would shift to the left.
This would raise the equilibrium level for loanable funds which would lead to a higher rate of interest i.e funds will be loaned only at a higher rate of interest. Due to this, the quantity of funds saved and invested would be lower.
Answer:
$8000
= $10,636.63
Explanation:
Simple interest = P x R x T
P = amount
R = interest rate
T = time
= $12,500 × 0.08 x 8 = $8000
For compound interest:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$12500(1.08)^8 = $23,136.63
Interest = $23,136.63 - $12,500 = $10,636.63
I hope my answer helps you