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Assignment
The Magic Envelope Company has been granted a charter from the state of Connecticut authorizing 600,000 shares of common stock and 80,000 shares of preferred stock. Prepare the journal entries for the following transactions:
1/15/2009 Sold 200,000 shares of $1 par common stock to investors at a price of $15 per share.
1/20/2009 Sold 25,000 shares of $100 par 8% preferred stock to investors at a price of $115 per share.
2/1/2009 The company purchased land with 50,000 shares of $1 par common stock. The market value of the land was $800,000
2/22/2009 The company purchased equipment with 1,000 shares of $100 par 8% preferred stock. The market value of the equipment was $175,000.
When you were born, your grandfather established a trust fund for you in the cayman islands. The account has been earning interest at the rate of 10% per year. If this account will be worth $100,0000 on your 25th birthday, how much did your grandfath..
Assume an airline flying on the New York - Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travelers.
After an extensive analysis of political currents in Central and South America, you conclude that coffee prices will be lower in the future. The current futures price for coffee is $2.10 and each contract is for 37,500 pounds of coffee.
What is the purpose of the policy Why is the policy necessary The welfare of consumers, producers, and society (the winners and losers) before and after the policy The distribution of costs and benefits Does government intervention improve the si..
What are the factors that underlie a nation's decision to allow its currency to be determined by free market forces or to be fixed against some standard of value?
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Liz needed to remember to pick up lunch for her writing staff
1. if a firm best computer buys requires its customers to buy software from it whenever the customers purchase a
It is said that a picture is worth a 1000 words. If you Google manifest destiny and ask for images, one of the common images that appears is a painting (circa 1872) by John Gast called American Progress. The painting is sometimes considered a visua..
Write the labor market equilibrium condition for the Specific Factors model. Use it to explain what happens to both real product wages when the price of the labor intensive good rises.
Two hazardous environment facilities are being evaluated, with the projected life of each facility being 10 years. The cash flows for each facility are shown in the table below.The company uses a MARR of 14%. Based on the rate of return, which is t..
suppose a firm has the production technology shown below for goods 1 and 2 and respond to the following with
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