Answer: $50,000
Explanation:
Given the following ;
Total Revenue = $500,000
Labor cost = $200,000
Economic Depreciation = $50,000
Normal profit = $75,000
Interest paid to bank = $25,000
Other cost of production = $100,000
Economic profit = (Total revenue - labor cost - economic Depreciation - normal profit - interest paid to bank - other production cost))
Economic profit =$ (500,000 - 200,000 - 50,000 - 75,000 - 25,000 - 100,000)
Economic profit = $50,000
Ocala Clinic’s services result in $5,000 in daily billings to third-party payers. On average, it takes the clinic 50 days to collect its receivables. If the interest rate on loans needed to finance receivables (cost of carrying receivables) is 10 percent, what is the clinic’s dollar annual cost of financing its receivables balance?
Answer: $25,000
Explanation:
Carrying cost of receivables = 10% interest on loan to finance receivables
Daily billing to third party payers = $5000
Average Period to collect receivables = 50 days
Interest payment = 10% × $5000
Interest payment = 0.1 × $5,000
Interest payment = $500
Dollar annual cost of financing receivable balance:
Daily interest payment × average period to collect receivables
$500 × 50 = $25,000
Brainliest Week
Which of the following is an example of monopolistic competition?
A buying the cheapest green beans
B not having a choice of natural gas companies
C choosing between five airlines that compete against each other
D visiting the same barber out of many in the city because you like the way he cuts hair
Answer:
D, visiting the same barber out of many in the city because you like the way he cuts hair.
Explanation:
Monopolistic competition is one in which firms produce the similar products but have brand loyalty from its various consumers.
In monopolistic competition, the production of similar goods by firms doe not make the products a substitute for the other.
Monopolistic competitions allows for a large number of buyers and sellers, low entry or exit barriers, etc.
The visitation of a particular barber despite having other barbers in town is an example of brand loyalty which is in turn a characteristic of monopolistic competition.
Cheers.
Monopolistic competition involves firms selling distinctive products and competing against each other, as demonstrated by choosing between five competing airlines.
Monopolistic competition involves many firms competing against each other, but selling products that are distinctive in some way. One example of monopolistic competition is choosing between five airlines that compete against each other since each airline offers a unique service or experience to attract customers. This scenario aligns with the concept of firms having a mini-monopoly on their particular style or service while still facing competition from other firms in the industry.
2. Repetition is a _ that works on
Marketing ploy; the weak
Powerful thing; everyone
Way to get your attention; children
Scam; the poor
Answer: Powerful thing; everyone
Explanation: Repetition simply refers to process whereby a word or phrase is being constantly reused or repeated usually within a short period of time. The process of Repetition is usually very useful and powerful in mastering and aiding the establishment of certain information or data in memory. Repetition also occurs in the day to day or regular performance or engagement of chores or routine, whereby one becomes attached or vast in the task, such is the power of Repetition and it is applicable to everyone.
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $3,900,000 of 10-year, 6% bonds at a market (effective) interest rate of 4%, receiving cash of $4,537,708. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, 2016. For a compound transaction, if an amount box does not require an entry, leave it blank.
Answer:
Please see journal entries bellow;
On April 1,
Issuance of bond.
Cash account Dr $4,537,708
To bonds payable account
$3,900,000
To premium on bonds payable
$537,708
Explanation:
Daan corporation issued $3,900,00 of 10-year, 6% bonds at a market(effective) interest rate of 4% receiving cash of $4,537,708.
Bond issuance is ;
Cash received - face value= premium.
Journal Entries
On April 1,
Issuance of bond.
Cash account Dr $4,537,708
To bonds payable account
$3,900,000
To premium on bonds payable
$537,708
Brainliest Week
Andy is an employee of a fast-food restaurant. Andy uses his income from this job to buy a ticket to a rock concert.
Which of the following explains the flow of productive resources and goods and services taking place?
A Andy is a firm providing a productive resource to one firm and receiving a service from another firm.
B Andy is a firm receiving a productive resource from one firm and providing a service to another firm.
C Andy is a household receiving a productive resource from one firm and providing a service to another firm.
D Andy is a household providing a productive resource to one firm and receiving a service from another firm.
Answer: D.) Andy is a household providing a productive resource to one firm and receiving a service from another firm
Explanation: In the context above, Andy is an household in the fast food restaurant, as he provides labor needed for the running of the fast food firm which inturn provides goods and services to its consumers. Labor provided by Andy is a productive resource which is required by the first food firm for efficient functioning and product. Other productive resources may also include capital and land. From Andy's income, he buys ticket to a rock concert where he now becomes the receiver of another firm's services.
Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set aside for the plant expansion. How much of retained earnings is available for dividends?
A. $8,000
B. $7,000
C. $5,000
D. $10,000
East Corp. manufactures stereo systems that carry a two-year warranty against defects. Based on past experience, warranty costs are estimated at 4% of sales for the warranty period. During 2005, stereo system sales totaled $3,000,000, and warranty costs of $67,500 were incurred. In its income statement for the year ended December 31, 2005, East should report warranty expense of:
A. $52,500
B. $60,000
C. $67,500
D. $120,000
Answer:
$52,500
Explanation:
Warranty cost are the cost associated with the repair or replacement of a product in case it does not perform as intended after purchase.
It is debited to the warranty expenses account and credited to the warranty liability account.
Total sales for the year - $3,000,000
Warranty estimate basis - 4%
Estimated warranty - 3,000,000 * 4% = $120,000
Warranty cost incurred = $67,500
Balance to be recorded for the year = 120,000 -67,500
$52,500
Sandhill Company purchased bonds with a face amount of $1200000 between interest payment dates. Sandhill purchased the bonds at 102, paid brokerage costs of $15800, and paid accrued interest for three months of $25800. The amount to record as the cost of this long-term investment in bonds is
Answer:
$1,239,800
Explanation:
Face value - $1,200,000
Premium rate = 102/100
Brokerage costs = $15,800
Accrued interest for three months = $25,800
Cost of long term investment in the bond is recorded as
(1,200,000 * 102/100 )+ 15,800
1,224,000 +15,800 = 1,239,800
Please note that the accrued interest is expended in the income statement under interest and finance charges, therefore it is not capitalized as the cost of the long term investment.
During the year, Miles Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. Atthe end of last year, his stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has noaccumulated E & P. Which statement is correct?
a.Nutt recognizes a $1,000 LTCG.
b. Nutt’s stock basis is $2,000.
c. Nutt’s ordinary income is $15,000.
d. Nutt’s tax-free return of capital is $11,000.
Answer:
a. Nutt recognize a $1,000 LTCG (long term capital gain)
Explanation:
Since;
Distribution is $16,000
Ordinary income earned is $11,000
Stock basis was $4,000
Therefore,
In this year, his stock basis before distribution is = $11,000+$4,000
=$15,000
After reducing it by the amount of distribution, stock basis reduces to $0
LTCG therefore recognized= $16,000-$15,000
=$1,000.
In this case, the statement that Nutt's tax-free return of capital is $11,000, is correct. The distribution received is first tax-free up to the amount of the shareholder's basis in their stock. Then, any income earned increases the stock basis and is also tax-free up to this amount.
Explanation:With respect to an S corporation, when a distribution or dividend is offered to its shareholders, it is generally tax-free up to the amount of the shareholder's basis in their stock. In the case of Miles Nutt, since his stock basis is $4,000 at the end of the last year, he can initially recoup $4,000 tax-free from his $16,000 distribution. This year, the company has earned an ordinary income of $11,000 which will increase Miles' basis by this amount making it $15,000.
Now, the remainder of his distribution ($16,000 - $4,000 = $12,000) will be tax-free up to the earned income which is $11,000. Thus, Miles Nutt's tax-free return of capital is indeed $11,000 (choice d). Consequently, $1,000 ($12,000 - $11,000) will be recognized as a long-term capital gain (LTCG).
Therefore, Nutt’s ending stock basis becomes $4,000 (initial) + $11,000 (profits) = $15,000. So, option 'b' is incorrect as the ending stock basis is not $2,000, but it's $15,000.
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When making a product line decision, a company may focus on lost _______ ______ and avoidable fixed costs or prepare comparative income statements. Group of answer choices contribution margin target pricing extraction processing none of the above
Answer:
contribution margin
Explanation:
Contribution margin is the portion of amount by which selling price per unit exceeds variable cost per unit. The amount is the portion of selling price used to service annual fixed cost and profit.
When making a product line decision, it is important for companies to focus on contribution margin of the product that yield the highest profit. Also avoidable fixed cost should be focused on by the firm.
If a firm intends to discontinue certain line of business, all avoidable fixed cost such as cost associated with the product to be discontinued will be avoided.
Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $83,500 and $16,200, respectively. The partnership generated net income of $45,400. What is Tomas's capital balance after closing the revenue and expense accounts to the capital accounts? a.$122,190 b.$113,260 c.$133,024 d.$117,550
Answer: D.) $117,550
Explanation:
Tomas capital balance = $83,500
Saturn capital balance = $16,200
Net income = $45,400
Income sharing ratio = 3 : 1
Total ratio = 4
Share ( $45,400 ÷ 4) = $11,350
Tomas's share ($11,350 × 3) = $34,050
Tomas's capital balance after closing the revenue and expense accounts to the capital accounts;
(Initial capital balance + share of income)
$(83,500 + 34,050) =$117,550
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
Critical areas to consider for the new business integration include product planning, inventory management, logistics, and customer service. These areas ensure smooth operations, adequate supply to meet demand, timely service delivery, and strong client relationships.
Explanation:The areas of the distribution flow that would be crucial for Sally to address with this new business integration would likely include product planning, inventory management, logistics, and customer service.
Product planning involves determining the types and amount of bee services to be offered and the ways in which these will be distributed. It's key to ensuring the newly acquired business aligns with the current product offerings in terms of both quantity and quality.
Inventory management entails managing the company’s bees and ensuring there is an adequate supply to meet demand and handle any unexpected shifts. This area is more relevant for the Carolina Bee Company since the collapse of honeybee populations can significantly affect their business model.
There are also logistics, which involves the physical distribution of the service from the company to the farmers and orchard growers. Efficient logistics ensures timely delivery of pollination services to clients.
Finally, improving and maintaining solid customer service and relationships with the farmers and orchard growers would be integral, particularly during this period of change and business integration.
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Sally should focus on product, negotiation, ownership, information, and promotion when integrating the new bee business into the company's distribution channel. These areas are critical to ensure a smooth and efficient integration process. Thus, option (c) is correct.
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. The areas of the distribution flow are critical for Sally to address with this new business integration.
The correct areas of distribution to address are:
Product: Ensuring the seamless flow and consistent quality of products across the newly integrated business streams.Negotiation: Effectively managing negotiations to maintain strong relationships with new and existing clients and partners.Ownership: Tackling any legal matters or ownership rights related to the integration.Information: Keeping all stakeholders informed with accurate and timely data throughout the integration process.Promotion: Marketing efforts to promote the newly formed, larger entity to the target market.By focusing on these areas, Sally can help ensure a smooth and efficient integration, which can enhance operational efficiency, cost management, and customer satisfaction.
Complete Question:
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
a. service, negotiation, information, promotion, and profit
b. product, ownership, information, cash, and redundancy
c. product, negotiation, ownership, information, and promotion
19. Colombia produces coffee with less labor and land than any other country; it therefore surely has Select one: a. an absolute advantage in coffee production. b. a comparative advantage in coffee production. c. absolute efficiency in coffee production. d. a comparatively absolute advantage in coffee production.
Answer:
b
Explanation:
comparative means using less of something
Tim hortons with more than 3500 locations is focused on which concept in an effort to make its product readily available to all canadians
Answer:
Distribution Channels (Part of Supply Chain)
Explanation:
The proper use of distribution channel can literally help companies to place their product in the market, when I say place their product in the market I mean the customer can easily access the product. For example, if I want Pepsi and the shopkeeper says sorry bro we don't have that then I will ask for Coke. This means the distribution channel was not properly used which resulted in loss of access of customer and eventually Pepsi lost the profit that Coke has earned from the customer opting to Coke. So distribution channels really play a great role and poor distribution channels may result in loss of number of customers.
Now if Tim horton has more than 3500 locations which he is going to focus, then he will have to give special importance to supply chain, which is the delivery of goods from the manufacturer to the end customer. And in heart of supply chain, distribution channel exists. So basically Tim horton is focusing on Distribution channels.
Tim Hortons's strategy of making its products easily accessible throughout Canada involves market saturation.
Tim Hortons, which has over 3500 locations, is focused on the concept of market saturation in an effort to make its product readily available to all Canadians. This strategy ensures that wherever customers are in Canada, they can find a Tim Hortons, thereby reinforcing the brand's presence and offering consistent service and product quality. The aim is to create easy access for consumers while maintaining the brand's traditional association with hockey, coffee, and donuts as a Canadian staple.
Market saturation is a common strategy used by many global companies, like McDo-nald's, Star-bucks, and To-yota, which involves expanding their presence to the point where consumers are very likely to encounter their stores or products within a reasonable travel range. These companies offer a consistent product line that caters to local tastes to some degree, but primarily focuses on providing a standard, recognizable experience across all locations.
For example, like McDon-ald's with its distinct menus adapted for each country while maintaining core menu items, Tim Hortons strives to be a consistent part of the Canadian cultural landscape. This approach to business also addresses new market challenges, technological advancements, and global expansion strategies.
Puffer Consultants, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which benefit would especially appeal to this type of employee?
A.a 529 savings plan
B.a defined-benefit pension plan
C.a generous vacation policy
D.a health maintenance organization
E.tuition reimbursement
Answer:
E. Tuition reimbursement.
Explanation:
Sometimes, an arrangement exist between an employer and an employee where the employer consent to sponsor the education of the employee. The purpose of offering this is to promote employee loyalty and also to give the needed training to an employee for better performance.
Organizations offer benefits to their employee by offering to pay part of their school fees for those who wish to further their education. This is done for employees who are loyal, hardworking and highly ambitious. By so doing, an employee becomes loyal and consequently be retained by the organization.
Example of tuition reimbursement is payment of bursary to employees by organizations to further their career. Certain percentage of this payment will be made while the employee pays the balance.
The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000.
Because of this information, in the short run, Forever Fitness should:
a) lower their prices to increase their profits.
b) stay open because the firm is making an economic profit.
c) stay open because shutting down would be more expensive.
d) shut down because staying open would be more expensive.
Answer:
Option D. Shut down because staying open would be more expensive.
Explanation:
The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.
The earnings gap in the U.S. labor market between black and white workers:________.a. was completely eliminated by the end of the 1960s.b. has not diminished at all since 1960.c. has diminished since 1960, but a gap still remains.d. existed in the 1960s but was reversed throughout the 1970s.
Answer:
Option C. Has diminished since 1960, but a gap still remains.
Explanation:
The reason is that accepting change is the long process and every person have different stories. Mostly people don't value person and what they do is they value things on the basis of what they perceive about things. They perceive things on the basis of similarities of that thing with the other. We must treat people fairly and not on the grounds that nature has not given him right to change (Color) or things that are acceptable in our society but we try to force them to not do things (Practicing religion) just because I don't like. In the nutshell, such type of thinking still exist and is the reason why there is a earning gap in the US.
What is the goal of ergonomics?
Answer:
The goal of ergonomics is to reduce your exposure to work hazards. A hazard is defined as a physical factor within your work environment that can harm your body. Ergonomic hazards include working in awkward or uncomfortable postures and using excessive force or high repetition to complete a task.
Explanation:
yeah that the goak
Answer:
Ergonomics is the science of designing a workplace for the people who work there.
Explanation:
EDGE 2023
What is a stereotype
Answer:
a widely held but fixed and oversimplified image or idea of a particular type of person or thing.
Emma is the labor union negotiator. Today, she is meeting with management to discuss the new five-year contract, including wages and benefits. This example of labor-management negotiations over wages exemplifies ________.
Answer:
Distributive bargaining
Explanation:
Distributive bargaining can be defined as a type of bargaining system/strategy in which one party gains only if the other party loses.
Distributive bargaining is mostly used when there is a negotiation that involves fixed resources e.g; money, assets, etc.
Distributive bargaining as a negotiation strategy does not aim to provide a win-win situation for all parties involved but that one party loses while the other gains considerably.
An example of distributive bargaining is a supermarket having a fixed price for an item. in that situation, you can't bargain and as such you either buy the item or leave the store.
That results in a win for the supermarket and a loss for you the buyer should yo choose to buy the item.
Cheers
The ability of an interval estimate to contain the value of the population parameter is described by the
a. confidence level
b. degrees of freedom
c. precise value of the population mean (μ)
d. degrees of freedom minus 1
Final answer:
The ability of an interval estimate to contain the value of the population parameter is described by the confidence level, which indicates the percentage of times the interval will contain the true parameter across multiple samples.
Explanation:
The ability of an interval estimate to contain the value of the population parameter is described by the confidence level. A confidence level (CL) is a percentage that indicates how confident we can be that the interval contains the true population parameter. For example, if the confidence level is 90%, it implies that we expect 90 out of 100 such intervals to contain the population parameter. The margin of error in the interval, which is known as error bound for a population mean (EBM), is influenced by the confidence level, the sample size, and the population standard deviation.
While degrees of freedom (df) also play a role in constructing confidence intervals, particularly in determining the critical value of t in a t-distribution, it is not the term that describes the ability of an interval estimate to contain the population parameter. Therefore, the correct answer is 'confidence level'.
Your expected payroll for a physical therapy business includes two licensed physical therapists, three technicians, and an aide. They are paid $70,000, $50,000, and $30,000 per person per year, respectively. What is your total annual payroll?
Answer: $320,000
Explanation:
ANNUAL AMOUNT PER PERSON :
Licensed Physical therapist = $70,000
Technicians = $50,000
Aide = $30,000
NUMBER :
Licensed Physical therapist = 2
Technicians = 3
Aide = 1
ANNUAL PAYROLL:
(2 × $70,000) + (3 × $50,000) + (1 × $30,000)
$140,000 + $150,000 + $30,000
= $320,000
Total annual payroll amounts to $320,000
Answer:
B is the correct answer
Explanation:
Which statement summarizes section 401(k) of the Internal Revenue
Code?
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's
contribution.
B.)Employees are not taxed on interest earned on compensation that
has been placed in specially designated retirement accounts.
C.)Employees are not taxed on income they choose to receive as
deferred compensation rather than direct compensation,
D.)Employers must establish a program that enables employees to
contribute annually to a retirement account.
Answer:
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.
Explanation:
401(k) is defined-contribution retirement account.
_____ is the total value of all the finished goods and services produced in a country over a certain period of time
Answer:
GDP (Gross Domestic Product)
Explanation:
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country over a certain period of time. It is a measure used to gauge the health and growth of an economy.
Gross Domestic Product (GDP) is the total value of all the finished goods and services produced in a country over a certain period of time. It is a measure used to gauge the health and growth of an economy.
GDP includes all final goods, which are goods that are ready for consumption and do not require any further processing. Examples of finished goods include cars, televisions, and clothing. Services such as healthcare, education, and transportation are also included in GDP.
GDP is an important indicator as it reflects the overall economic activity in a country and can be used to compare the economic performance of different countries or track changes in an economy over time.
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Most state and local income taxes are either___
Answer:
progressive or flat
Explanation:
took the test :)
Most state and local income taxes are either progressive or flat.
Progressive income taxes are based on the principle of taxing individuals at higher rates as their income increases. This means that individuals with higher incomes pay a higher percentage of their income in taxes compared to those with lower incomes. Progressive income taxes are designed to be more equitable, as they place a greater burden on those who can afford it more.
On the other hand, flat income taxes apply a fixed tax rate to all income earners, regardless of their income level. This means that everyone pays the same percentage of their income in taxes. Flat income taxes are often considered simpler to administer and understand, but they can be seen as less equitable, as they do not take into account differences in income levels.
In summary, most state and local income taxes are either progressive (tax rates increase with income) or flat (a fixed tax rate applied to all income earners).
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Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that the store offers a high level of service. In this scenario, Nicoloss is an example of a(n) _____.
Answer: Department store
Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.
The County Auditor is the Chief ____ Officer of a county.
a
Marketing
b
Fiscal
c
Executive
d
Operating
Answer:
The County Auditor is the Chief Fiscal Officer of a county.
Explanation:
The County Auditor is Chief Fiscal Officer of the county. The primary responsibility of the county auditor is to account from the receipts and collection of funds by the county to the disperment of the funds to different county agencies. The county auditor also maintains the records of the movement of the county assets.
Answer:
Fiscal
Explanation:
B is correct the answer above is correct.
The most important reason for studying accounting is that
Answer:
One of the most important reasons is so that a company can know how much money they're making, where it's coming from, and where it's being spent. ... The last reason that accounting is a business necessity is because the government requires reporting financial data to the IRS for tax purposes.One of the claims of ______ is that prejudice stems from people's desire to maintain dominance and social hierarchies.
Question 5 options:
A)
face negotiation theory
B)
social dominance theory
C)
social cognition theory
D)
expectancy violation theory
The statement that prejudice arises from a desire to maintain dominance and social hierarchies is a key tenet of social dominance theory, which examines the structures that perpetuate group-based social hierarchies.
Explanation:The claim that prejudice stems from people's desire to maintain dominance and social hierarchies is associated with social dominance theory. This theory proposes that societies maintain group-based hierarchies by promoting dominant groups and subordinating the others. It deals with power dynamics within a society and examines how these hierarchies are perpetuated across various social systems, such as legal, cultural, or institutional structures.
On the other hand, theories like conflict theory and other perspectives on prejudice and discrimination focus on how dominant groups benefit by exploiting and oppressing subordinate groups, either for resources or to maintain the status quo. It describes how this imbalance of power and resources leads to social conflicts, often involving prejudice and discrimination.
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Payton, Inc.'s charter authorized 100,000 shares of stock with a par value of $1 per share. Payton issues 100 shares at a market value of $5 per share. The journal entry to record this transaction will include a credit to _____ in the amount of _______.
Answer:
Common stock and $100
Explanation:
The journal entry is shown below:
Cash Dr $500 (100 shares × $5)
To Common stock $100 (100 shares × $1)
To Additional paid in capital in excess of par value - common stock (100 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity
Answer:
$100
Explanation: