Weaver Electronics issued 20,000 shares of $2 stated value common stock at $3 per share. What is the journal entry to record this transaction

Answers

Answer 1

Weaver Electronics will record the following journal entry for this stock issuance transaction.

Journal Entry:

Debit Cash $60,000

Credit Common Stock $40,000

Credit Additional Paid-in Capital $20,000

To record the issuance of 20,000 shares of $2 stated value at $3 per share.

Data Analysis:

Cash $60,000 Common Stock $40,000 Additional Paid-in Capital $20,000

Thus, the journal entry Weaver Electronics uses to record the above stock issuance transaction is a debit to Cash of $60,000 and credits to Common Stock of $40,000 and Additional Paid-in Capital of $20,000.

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Related Questions

food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.

Answers

Answer:

product

Explanation:

Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.

The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.

Products of companies often contains components which the consumer uses when evaluating alternatives.

Conclusively, The components are the market, the problem, the solution, and the product itself

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In the context of sequencing,__________is the difference between the completion time and the due date of a job. a. flow time b. makespan c. lateness d. tardiness

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In the context of sequencing, it should be noted that the difference between the completion time and the due date of a job is known as lateness.

Makespan simply means the time that's needed to process a given set of jobs. On the other hand, tardiness is the amount of time where the completion time exceeds the due date of the job.

The difference between the completion time and the due date of a job is simply referred to as lateness. In this case, the job is past its due date.

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On January 1 2017, George Company purchased a new building. George paid $25,000 as a down payment and issued a long-term note to finance the balance. The note, which carries an interest rate of 4%, requires George to make annual payments of $55,000 for six years, with the first payment due on December 31, 2017. What amount should George record as the cost of the new building (rounded to the nearest whole dollar)

Answers

The amount that George should record as the cost of the new building is $313,315.50.

Here, we are to determine the amount that George should record as the cost of the new building using the information given below.

Given Information

$25,000 paid as a down payment

interest rate of 4%

Required to make annual payments of $55,000 for 6 years and first payment due on Dec. 31, 2017.

PV factor of $1 annuity = (1 - (1 + i)^-n) / i

PV factor of $1 annuity = (1 - (1.04)^-6) / 0.04

PV factor of $1 annuity = 0.20968547427 / 0.04

PV factor of $1 annuity = 5.2421

Present value of payments = Annual payments to be made * PV factor of $1 annuity

Present value of payments = $55,000 * 5.2421

Present value of payments = $288,315.50

Cost of the new building = Cash down payment + Present value of payments

Cost of the new building = $288,315.50 + $25,000

Cost of the new building = $313,315.50

Therefore, the amount that George should record as the cost of the new building is $313,315.50.

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A company does not pay for this type of advertising.

•Sponsorship

•Sales promotion

•Publicity

•Direct Marketing

Answers

I think the correct answer is C. But don’t put my answer plz

Publicity is the A company does not pay for this type of advertising. Hence, option C is correct.

What is Publicity?

The English word "publicity" is derived from the French word "publicité." It is the transfer of knowledge from the media to a larger public. Examples of subjects for publicity include people such as politicians and entertainers, goods and services, businesses, organizations, and works of art or entertainment.

Publicity entails putting your business in front of the general public and media channels in order to showcase your goods, services, and corporate news. The goal is to attract your target audience and increase their knowledge of your company so they will desire to work with you.

Getting media attention for your company, offering, or service is known as publicity.

Thus, option C is correct.

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If several efforts between a manager and an employee for reducing resistance to change fail to allay employee fears, a manager might take him- or herself out of the process and try this. A. facilitation and support B. negotiation between parties C. manipulation D. participation

Answers

Answer:

A) facilitation and support

Explanation:

Explanation: Since the manager wants to remove him- or herself from the process, “participation,” “manipulation,” and “negotiation” are incorrect choices as they involve contact between the manager and the employee. The only choice that can take the manager out of the process completely is “facilitation and support,” which can allow a counselor to deal with the fearful employee, so that is the correct response

Norris has a deductible of $1,000. He damages his car in an accident and it will cost $3,300 to repair. How much does his insurance pay

Answers

Based on the information given the amount that the insurance pay is $2,300.

Using this formula

Insurance coverage=Cost of repair- Deductible

Where:

Cost of repair=$3,300

Deductible=$1,000

Let plug in the formula

Insurance coverage=$3,300-$1,000

Insurance coverage=$2,300

Inconclusion the amount that the insurance pay is $2,300.

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Research conducted by Nicholas Epley and his colleagues at Harvard showed that people will spend a _________________ percentage of money given to them if it is ________________ rather than a. greater; termed a rebate; a bonus. b. greater; termed a bonus; a rebate. c. smaller; cash; a rebate check. d. smaller; a rebate check; cash.

Answers

B. greater; termed a bonus; a rebate.

In a deciding set, what should be recorded on both the left and right sides of the sheet before the court switch for the team that starts on the left

Answers

In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is expected to start on the left.

Volleyball can be defined as a team sport comprising two (2) teams of six players, each on both sides of the court.

Generally, these two (2) teams are separated by a horizontal net and are required by rules to bat the ball by using their bare hands, without letting it hit (touch) the floor.

In indoor volleyball, a libero is a back-row defensive specialist who is saddled with the responsibility of covering and sweeping across the spaces behind other defenders.

In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is starting on the left.

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Stockholders are eligible for a dividend if they own the stock on the date of A. declaration. B. record. C. payment. D. issuance.

Answers

Record would be the answer since most dividends look at records to see when the stock was purchased so you can’t just buy stock on the day of the payout and sell the stock after

Identify a true statement about the follow-up that salespeople should perform after a sale. Multiple Choice Salespeople should avoid regular follow-up with their accounts to identify any changing needs as it will tarnish goodwill between the seller and the buyer. Salespeople should make a call to say thank you and to check to see that the product is working appropriately. Salespeople should ideally follow the three-by-three strategy to make all their follow-up calls. Personal follow-up visits should be avoided because they are expensive and tend to accomplish little. Salespeople should follow up with only those members of the buying center who are directly involved in the use of the product.

Answers

After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.

The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:

Direct buybackNew taskModified buybackProduct type

This monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.

Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.

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List three Communication Barriers and provide examples of each.

Answers

Answer:

Dissatisfaction or Disinterest With One's Job. ...

Inability to Listen to Others. ...

Lack of Transparency & Trust. .

Explanation:

The ratio that is calculated by dividing net income by average total assets is referred to as: Multiple choice question. asset turnover return on assets asset utilization

Answers

Answer: Return on assets

Explanation:

Return on assets is the ratio that is computed by subtracting net income from the average total assets. As a result, choice (B) is the best one..

What is Return on assets?

A company's ability to generate a profit from its assets is gauged by its return on assets, or profitability ratio. Return on assets (ROA) gauges a company's management's success in turning a profit from the assets or financial resources that appear on its balance sheet, or to put it another way, a company's ability to manage.

A greater ROA demonstrates improved balance sheet management by a company's management team, which leads to more profitability.

The return on assets (ROA) indicator gauges how well a company manages to generate profits from all of the assets listed on its balance sheet.

A greater ROA demonstrates improved balance sheet management by a company's management team, which leads to more profitability.

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please help I will make you Brainliest​

Answers

Answer:

Rffffdf is a great place to work for and it is

R

_____ includes all of the steps that a company takes to ensure that its goods and services are of sufficiently high quality to meet customers' needs.

Answers

Answer:

Quality Assurance

Explanation:

4. You can receive 10,000 five years from now (but 6 payments). How would you determine how much money you would have to be given today to equal this

Answers

You would need to multiply 10,000 by 6 payments

During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. Its average stockholders' equity was $240,000, and it had 120,000 shares outstanding the entire year. Its stock was selling for $10 per share. Its P/E ratio equals ______. The company has no preferred stock. Multiple choice question. 20.00 0.50 40.00 0.25

Answers

Based on the information given its P/E ratio equals: 20.00.

Using this formula

P/E ratio =Selling price per share/(Net income/Number of shares outstanding)

Where:

Selling price per share=$10

Net income=$60,000

Number of shares outstanding=120,000 shares

Let plug in the formula

P/E ratio =$10/($60,000/120,000)

P/E ratio =$10/0.5

P/E ratio =20.00

Inconclusion its P/E ratio equals: 20.00.

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Businesses are said to have a higher turnover when they can’t keep employees for very long. Why might employers leave a company soon after being hired? How could a company decrease their turnover rate?

Answers

Explanation:

employees leave for better salaries, for jobs with more responsibilities, for jobs where they feel they contribute or still can learn from, for better management/managers or for personal reasons such as divorces. but if they leave soon after being hired, the cause is probably the really bad management.

a company could invest more in their employees and especially in their managers which are most of time responsible for early departures of employees.

If I want to make a small business should I make what i sell or hire people to make things?

Answers

Answer:

start small, you need money to hire people to work for your business. i would recommend starting with making things yourself. or give people you hire different positions, such as dropping off the orders at the post office and another person could help you make things so that the service is a lot faster and you'll have more things in stock.

then wait until you have enough money, and then you could hire some people to help you out.

If an organization temporarily borrows its specialists from different functional areas to accomplish a common project, it is implementing what type of organization

Answers

Answer:

matrix organization

Explanation:

how does the us small business administration define small business in most industries?

Answers

Answer:

The SBA, for most industries, defines a “small business” either in terms of the average number of employees over the past 12 months, or average annual receipts over time.

Explanation:

I know this stuff

When a company sells its delivery truck, it must ______. Multiple choice question. reduce the truck account by the net book value of the asset not record any depreciation expense in the year of the sale record a loss when the book value of the truck is less than the cash received reduce both the truck account by the original cost and the related accumulated depreciation

Answers

When a company sells its delivery truck, it must reduce both the delivery truck account by the original cost and related accumulated depreciation.

It should be noted that a delivery truck is an asset. An asset is a resource that is owned by the business. It should be noted that when a truck is bought and used, after some time, the value depreciates.

Accumulated depreciation is a contra asset account on the balance sheet of a company. Therefore, when a company sells its delivery truck, it must reduce both the delivery truck account by the original cost and related accumulated depreciation.

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a company selling goods subtracts from sales to determine gross profit.

Answers

Answer:

To determine profit you subtract your total costs from your total revenue.

Explanation:

Suppose that businesses and consumers become much more optimistic about the future of the economy. To stabilize output, the Federal Reserve could Select one: a. buy bonds to raise interest rates. b. buy bonds to lower interest rates. c. sell bonds to raise interest rates. d. sell bonds to lower interest rates.

Answers

Answer:

c

Explanation:

decrease mOney supply

Julio is writing a business proposal on the advantages of an open work environment. He has done a lot of research on the topic from professionals and is trying to convince his manager that it would benefit their team. The best way for Julio to avoid plagiarism on a documentwide level is by: ___________

a. changing the words from the sources to alter the meaning.
b. using direct quotations or verbatim restatements from his sources.
c. significantly altering the original words and sentence structure of his sources.
d. supplying his own original ideas, conclusions, and recommendations.
e. combining information from two sources.

Answers

The best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.

Plagiarism means copying or using another person ideas as yours without the owner permission.

Julio should create enough time for himself when writing the business proposal so as to supply his own original idea to his managers as this will enable him to avoid plagiarism.

He should endeavor to create his own conclusion as well as recommendation when writing the business proposal rather than using another person ideas or work.

Inconclusion the best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.

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The RJN Corporation has issued warrants where each warrant offers the holder the right to purchase one share of RJN's common stock for $20 per share. The warrants are exercisable anytime within the next five years. Chelsea purchases 80 warrants for $2 each. Three years after the purchase, the market price of RJN common stock has risen to $25 per share. Chelsea exercises the warrants and immediately sells the RJN stock at the market price. The result of these transactions is that Chelsea has realized
A) a net short-term capital gain of $400.
B) a net long-term capital gain of $400.
C) a net long-term capital gain of $240.
D) a net short-term capital gain of $240.

Answers

The result of these transactions is that Chelsea has realized  net long-term capital gain of $240.

Capital gain is the increase in the value of an asset after the asset has been bought. It was the price at the time the asset was bought is lower than the value of the asset at the time it is sold. Capital gain is determined by subtracting the purchase price of the asset from the selling price of the asset.

Types of capital gain

Short-term capital gain: it is the gain realised on an asset that is held for less than a yearLong-term capital gain: it is the gain realised on an asset that is held for more than a year.

Chelsea's net long-term capital gain: 80 x {$25 - ($20 + $2)] = $240.

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A method that charges the same amount of expense over each period of the asset's useful life is called:

Answers

Answer:

Accelerated depreciation

Explanation:

A method that charges the same amount of expense over each period of the Asset's useful life is called Accelerated depreciation.

What is depreciation?

Depreciation refers to the reduce in the value of the asset over a period of time. In accounting it is the amount of asset in which it has been used up. For example machinery, equipment, currency has life period in the specific time it will get outdated.

Accelerated depreciation is method in which the amount of the depreciation remains i.e. depreciating value remains the same.

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Estimated Tax Payments
As an employee, some of your taxes are paid with
each paycheck throughout the year. But as a self-
employed business owner, you need to estimate what
you will need to pay in the upcoming year and make
payments four times a year, or quarterly.
If Chinwe owes $2,164.00, what would her
quarterly payments be?
Type in payment amounts in each open field.
Payment of

April 15
Payment of

June 15
Payment of

September 15
Payment of

January

Answers

Answer:

The right answer is 541

Chinwe's Quarterly Payment of her upcoming year's tax liability will be as follows:

Payment Date  Payment     Tax Liability

April 15              $541          $1,623 ($2,164 - $541)

June 15              $541         $1,082 ($1,623 - $541)  

September 15   $541          $541 ($1,082 - $541)

January 15         $541             $0 ($541 - $541)

Data and Calculations:

Estimated liability for upcoming year = $2,164

Payment period = Quarterly or 4 times a year

Quarterly payments = $541 ($2,164/4)

Thus, Chinwe's quarterly payment is $541.

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a standardized language used to manipulate data is

Answers

Answer:

It's Data Manipulation Language (DML) !!

Hope It Helps.

An online auction is based on the _____, which brings buyers and sellers together in a virtual marketplace.

Answers

An online auction is based on the Brokerage model , which brings buyers and sellers together in a virtual marketplace.

An online auction is an internet based system that unifies sellers and buyers on auctions  for various products on the website, Here, the highest bidder buys the item.A brokerage model is a type of business model adopted by online auction in which a broker acting as a middleman creates a platform such that buyers and sellers of different product and services can come together for business transactions.

For example, when a trader auctions its product and the auction  is executed, The trader/ investor will pay a transaction fee to the brokerage company for its effort in providing a platform which made such transaction possible.

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What is being journalized in the Cash Receipts Journal?

Answers

In the Cash Receipts Journal, only cash receipts are journalized.

When a company maintains separate journals for its transactions, there is a Cash Receipts Journal for recording cash receipts.  There are also Cash Payment, Sales (on Credit), Purchases, Adjusting, and General Journals.

Thus, the transactions that are recorded in the Cash Receipts Journal are only cash receipt entries.

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