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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.
In terms of evaluating goods, services, and assets that are traded between countries throughout the world, the overall measurement of these activities is expressed as the balance of payments. The largest component of a country's balance of payments i..
One can derive a demand function for health and for medical services from the Grossman model. Explain the differences between the two demand functions. Why does demand for health and for medical services depend on age?
An econometrician has calculated that when a firm minimizes its total cost of producing output Q, it uses the following amounts of the inputs, L and K: These are the least cost combinations of L and K. The market wage and rental rates are given by w ..
How would an increase in the world price of oil affect the amount of frictional unemployment. Is this unemployment undesirable. What public policies might affect the amount of unemployment caused by this price change.
Newbury Drug has recently offered to purchase 25,000 bottles of aspirin that they will sell in their stores under a generic label. Newbury has offered to pay $3.95 for each bottle of aspirin. The controller of Lydek in analyzing the offer has de..
Create a guide to leveraging expatriates. The guide should include four to six (4-6) sources that address benefits and challenges of sending expatriates to other countries.
Knowledge of economic theory to describe how these policy responses were expected to reduce the health hazards of alcohol consumption in the community.
why are trade agreements important for the various countries involved? how is international trade related to the u.s.
Normal 0 false false false EN-US X-NONE X-NONE Find the probability that t..
Why are cigarettes and alcohol the most heavily taxed items in the US? Now, if the government increases the price of these items by 10%, how does this affect the stores that sell them?
Why is a fractional reserve banking system so unstable - Describe two ways in which the government regulation has made the fractional the fractional reserve banking system possible.
Position on whether the banking industry needs more or less government regulation. Support your position with two examples of the impact of regulation.
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