The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $70 per share. The entry to record the transaction will consist of a debit to Cash for $700,000 and a credit or credits to ______________.

Answers

Answer 1

Answer:

Preferred stock for $500,000 and additional paid in capital for $200,000

Explanation:

Based on the information given The appropiate journal entry to record the stock issue will consist of a debit to cash for $700,000 and a credit to PREFERRED STOCK FOR $500,000 AND ADDITIONAL PAID IN CAPITAL FOR $200,000

Dr Cash $700,000

(10,000 shares *$70)

Cr Preferred stock $500,000

(10,000 shares *$50)

Cr Additional paid in capital $200,000

($700,000-$500,000)


Related Questions

Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal funds rate would you recommend?

Answers

Answer:

Increase in the Federal fund rate

Explanation:

The Federal fund rate may be defined as the interest rate that the bank charges on another bank for an overnight loans. In other words it is the interest charged on the excess reserve that other borrows or lends overnight.

The Federal bank takes help of the Federal fund rates to keep a control on the inflation which encourages healthy economic growth.

In the context, when the economy of a country is experiencing sharp increase in inflation rate, I would recommend to increase the Federal fund rate so as to control the inflation rate being increased.

Both inflation rate and Federal fund rate are related closely to the relative availability of the reserves or the relative scarcity of he reserves in the Federal.

Which is considered part of a person’s income for the year?

Answers

Answer:

Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.

Explanation:

What is a median salary?
How much you are paid during your first year of working,
How much you pay in taxes during your first year,
The average amount people are paid in your local area only.
The average amount people are paid for working that job.

Answers

Answer:

the average amount people are paid for working that job

Explanation:

The term median salary refers to the average amount people are paid for working that job. It basically takes the salary of every individual in that specific position (usually in a specific country, since the economy applies) and calculates the average of all those salaries. This would then become the median salary. It is also what is used to represent what an individual in that position should be getting paid for doing the work. Under this median salary, amount would mean that they are underpaid.

What are some legal consideration need to consider when designing and deliberating the company redundancy process

Answers

Answer:

Avoid workplace discrimination when deliberating redundancy maintain privacy of employees informationConsider the most productive employees first Maintain good communication with employees so they wouldn't feel discriminated/rejected

Explanation:

Some legal considerations needed when deliberating redundancy process

Avoid workplace discrimination when deliberating redundancy maintain privacy of employees informationConsider the most productive employees first Maintain good communication with employees so they wouldn't feel discriminated/rejected

Macro equilibrium occurs at the point at which

1. aggregate demand equals aggregate supply.
2. aggregate demand is greater than aggregate supply.
3. aggregate demand is less than aggregate supply.
4. aggregate supply shifts to the right.

thank you!!

Answers

Answer: aggregate demand equals aggregate supply.

Explanation:

Macro equilibrium occurs at the point at which the aggregate demand equals to the aggregate supply. Here, there's a balance in the economic forces.

The macroeconomic equilibrium is a state which doesn't bring about a change of the behaviour of the economic operators.

When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D

Answers

Answer: A. Line!

Explanation: On Edge!!

Help me!
Give few examples of resources that are at the risk of depletion.​

Answers

Answer:

There are several types of resource depletion, the most known being: Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn agricultural practices, Soil erosion, and overconsumption, excessive or unnecessary use of resources.

Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn farming methods, soil erosion, and overconsumption, excessive or unneeded use of resources are some of the more well-known examples of resource depletion.

What natural resources are at risk of depletion?

Minerals, oil, water, and forests are the resources that are most at risk of being exhausted. The primary driver of deforestation is agriculture, and as food prices rise, more land is being destroyed for crops. Deforestation is a major cause of carbon dioxide emissions, which contribute to global warming.

As of now, there are more than 7 billion people living on Earth, which has resulted in a significant strain on the natural resources that our planet provides due to the ever-increasing demand for these resources. Resource depletion is the correct word to use when the pace of resource use exceeds the rate of resource replenishment. Resource depletion is not a particularly fancy or difficult phrase, but it has been the focus of much research for some time.

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Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D

Answers

Answer: B. a variety of companies

Explanation:

Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.

On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.

Which of the following is an example of foreign direct investment?
A company sells supervisory seminars to train computer managers in developing countries.
The Continental Wire Company buys real estate in New Zealand for future use as a factory site.
A motor vehicle manufacturer creates a new department within the company to sell its cars and trucks in other
countries
A medical supply company in the United States and a hospital in Turkey unite to create a new business.

Answers

Explanation:

A company sells supervisory seminars to train computer managers in developing countries.

The Continental Wire Company buys real estate in New Zealand for future use as a factory site.

This might be the Example.

A firm that opens new stores in a community and sets artificially low prices with the sole purpose of driving competing stores in the area out of business is said to engage in a type of behavior called ______ pricing.

Answers

Answer:

The correct answer is: Predatory

Explanation:

To begin with, in the field of marketing and business management the term known as "Predatory Pricing" refers to the strategy of incorporing a very low price from a large company into a new market in order to try to eliminate the competitors by pushing them to leave the industry due to the inability of competing with those prices. Therefore that this technique focus on the reduction of the price of the product as mach as possible and later when the other competitors are out of business then the company will start to rise its prices.

Which of the following is the range for the numbers 44,47,49,53,55,62,63,63,68 and 74?


27

29

30

44

Answers

Answer:

30 is the range for the list

You have been invited for an interview as a Reward manager for a large hospital. As part of the interview you are to make a brief presentation entitled ‘Total Reward Systems – how employees and employers’ benefit’. Outline and justify the main points that you would want to make. ​

Answers

Answer: When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee

Explanation:

Total reward system in organizations points to recognizing the efforts of staff, both those who do well and those who don't. It's a measure for analysing the performance of the workers and seek ways for them to improve.

When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee. How are they beneficial?

When workers are encouraged with rewards, it tends to boast their performance, thereby making them to improve on the existing method of working, this also serves as a pointer to those who didn't perform well to do better and be motivated, when all this are put in place the greatest beneficiary is the employers because the business grows.

Which type of property is to be included in the sale of a house unless otherwise stated in the purchase agreement? Real property Personal property Tangible property Intangible property

Answers

Answer:

The correct answer is the second option: Personal property.  

Explanation:

To begin with, the term of "personal property" refers to every moveable property that finds inside the land or house that is to be sold. So this property normally is to be understand it as a part of the house, however if the contract states it so then the personal property does not come alongside with the land that is being purchased. The real property on the other hand it is the land and every thing that can not be moveable from that land so it will not make sense that a person who is buying the house will not take property of the house itself, that is why that the proper answer is the personal property inside the house.

Carlos needs to combine words in a First Name and a Last Name column. Which of the following functions should he use

Answers

Answer:

with space: =A2&" "&B2

without space: =CONCATENATE(A2,B2)

Explanation:

When using Microsoft Excel the function that you would want to use would be the following

=A2&" "&B2

In this function, you will be combining the text in cell A2 and B2 with a space in the middle, you can change to the cells that you want and simply add &" "& in between them to combine them with a space.

If you simply want to combine the words with no space in between them you can use the concantenate function which combines words in two cells into one but without space.

=CONCATENATE(A2,B2)

MARKING BRAINLIEST IF RIGHT! NO ABSURD ANSWERS!
1.) When using installment credit, a consumer:

A.) signs one contract that is good for purchases over the course of a year or more.

B.) needs a new contract each time new credit is extended.

C.) does not need a contract.

D.) pays no interest.

Answers

Answer:

I believe its A signs one contract

Answer:

I think the answer to this question would be, B.) needs a new contract each time a new credit is extended.

Explanation:

Hopefully this is the right answer! Sorry if this is the wrong answer. Good luck!

5. Student loans typically offer higher interest rates, no deferred payment options, and no grace period following graduation.
True
False

Answers

Answer:

True

Explanation:

which of the following should you consider first when trying to pya for higher education?

Answers

Answer:

u should try to get a scholarship, u didn't get off any answers

When working with a security consultant that your company has hired, you notice that he is running software on one of the machines. He explains that the program is running a brute force attack that is using every word in the English language to see if the Administrator password can be cracked.What type of attack is he attempting?

Answers

Answer:

dictionary

Explanation:

A dictionary attack is a method of breaking into a password-protected computer, network or other IT resource by systematically entering every word in a dictionary as a password. A dictionary attack can also be used in an attempt to find the key necessary to decrypt an encrypted message or document.

Dictionary attack is the type of attack is he attempting

How does a dictionary attack work?

A dictionary attack is simple in theory. It is based on a simple assumption: users don't want to or cannot memorize long, random sequences of characters, and therefore they pick existing words, typically from an existing language.

What is a dictionary attack?

A dictionary attack attempts to crack passwords by using a password file that often contains tens of thousands of standard and obvious passwords. The hacker automates the process of using one after the other from the file until the crack succeeds or the attacker runs out of passwords.

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Which stage in project management involves team members working on the assigned tasks as described in the project plan?

A.
initiation
B.
monitoring
C.
execution
D.
closure
E.
planning

Answers

Answer:

C.  execution

Explanation:

The execution stage is 3rd stage in project management lifecycle is usually is longest phase as during which the teams develops the product or services and presents the final end product to the clients. Here the team members work on the same set of guidelines that are assigned or designed in a project.

The insurance pathway includes workers who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses. Question 1 options: True False

Answers

Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

Explain how to identify which priced product you should show when you cannot determine a customer's intended price range?

Answers

Answer: When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.

Explanation:

Pricing in business can result to various outcome, because you are in bid to make the client buy the product, there occasions where you might state a high price and they buy and some other case they don't and they are case where you state a low price,they buy and you get affected by some loss. When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.


It’s too early for this and I need some assistance

Answers

Answer:

A

Explanation:

Which of the following steps in the college application process should be done as a junior, rather than as a senior?

1. Obtain your final high school transcript.

2. Register for the PSAT.

3. Write the essay that will accompany your application.

4. Gather letters of recommendation from teachers and mentors.

15 points instead of 10.

Answers

Answer:

4. Gather letters of recommendation from teachers and mentors.

Explanation:

Answer:

2. Register for the PSAT.

Explanation:

I'm a Mug Maniac.

When we speak, we are either trying to inform, persuade, or entertain our audience.
A) True
B) False

Answers

in general i think false, we can talk pointlessly sometimes

Answer:

True

(This is filler writing, sorry.)

If you could have $100 right now or $150 in one year, which would you choose and why?

Answers

$100 rn so I can invest it

what principle of arts used in kampilan?​

Answers

Answer:

A kampilan is a type of single edged long sword used as a traditional blade

WHERE DO YOU SEE YOURSELF IN 10 YEARS? Use the following prompts (you may add to them) to respond to this question in two or more well written paragraphs! What career or job will you have? What state do you want to live in? Why have you chosen this state? Will you own your own a house, rent an apartment or live at home? Will you have a family—marriage, kids? What do you hope your impact will be on your community, friends, family?

Answers

Answer:

I see myself having no family only a gf and why no kids is so I can raise them right have a house a business and work hard so they don't and I will be a, healthy man. And I am choosing this path because many people don't and fail when they have a family to take care of. Also I want to be able to ollie in the future. I want to be very successful so I can provide help to anyone who needs it and I want to have my own book motivating more people be more successful. The sate I will live in will probably be Utah or California so my fam will live well. Also I will try to homeschool the kids and teach them something new or have them go to a public school. This is what I want my future to be like but for now I have to make to come true so I have to grain. So peace have a goodnight/morning cya later or never.

Who is 13 and a girl

Answers

Answer:

there is 12,548,067 13 year old female children in the U.S that is 17% per a 2019 survey

Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.

Answers

Answer and Explanation:

The journal entries are shown below;

(a)

Cash $39,000  

Accumulated Depreciation $36,000  [($73,000 - $13,000) × 3 ÷ 5]

       To Equipment  $73,000  

      To Gain on Sale of Equipment  $2,000  

(being the sale of equipment is recorded)    

(b)

Depreciation $4,000  [($73,000 - $13,000) ÷ 5 × 4 ÷12]

        To Accumulated Depreciation  $4,000  

(being depreciation expense is recorded)    

Cash $39,000  

Accumulated Depreciation $40,000  ($36,000 + $4,000)

          To Equipment  $73,000  

          To Gain on Sale of Equipment  $6,000  

(being the sale of equipment is recorded)      

(c)

Cash $22,000  

Accumulated Depreciation $36,000  

Loss on Sale of Equipment $15,000  

         To Equipment  $73,000  

(being the sale of equipment is recorded)    

(d)

Depreciation $9,000  [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]

        To Accumulated Depreciation  $9,000  

(Being depreciation expense is recorded)    

Cash $22,000  

Accumulated Depreciation $45,000  ($36,000 + $9,000)

Loss on Sale of Equipment $6,000  

             To Equipment  $73,000  

(being sale of equipment is recorded)  

It has been demonstrated that a competitive market economy allocates resources efficiently. Specifically, in a competitive equilibrium, all opportunities for additional gain have been exhausted so that no individual can be made better off without making another individual worse off. Economists often argue that economic efficiency can be improved if prices that are set by non-market forces are set so that higher prices are charged for relatively overutilized resources.
Which of the following is an example of how a price system can be manipulated to promote efficiency?
A) Price supports can be used to make sure domestic sugar producers stay in business.
B) The price for admission to a national park can be increased during peak times to limit overuse of the park.
C) Rent control can be used to ensure affordable housing in cases when the market price is too high.
D) United Airlines can charge one price for a flight to and from anywhere in the United States, regardless of the actual cost.

Answers

Answer: B) The price for admission to a national park can be increased during peak times to limit overuse of the park.

Explanation:

In line with the rules of Supply and Demand, if a resource is in high demand, there should be a higher price associated with it to reflect its relative scarcity in relation to demand. If a resource is being overutilized (in demand) therefore, it would make sense that it gets a higher price.

This is the case with the national park during peak times. At this time there are quite a lot of people in it and this means that it is being overused. In such times, the entrance fee should increase to reflect that the demand is quite high and to limit the overuse of the park.

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