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vodomira [7]
1 year ago
10

On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a building. Five years

ago, the stockholder purchased the land for $40,000 and constructed the building at a cost of $90,000. At the time of the stock issuance, the land and the building had fair market values of $45,000 and $95,000, respectively. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
MAXImum [283]1 year ago
8 0

Answer:Pinkney Journal $

Date

January 15

Land $ Building. Dr 100,000

Share capital. Cr. 100,000

Narration. Transfer of share for the purchase of land and building.

Explanation:

The firm will record the value of the land and building at the price of shares it has transferred for the purchase not withstanding the price of it's purchase by the seller nor the market fair value on purchase.

The payment of the price of the land & building with shares does not represents a new issue of shares but it's a transfer of share ownership from the firm to the seller and this will be reflected in the share register.

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Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to
Mrrafil [7]

Answer:

True

Explanation:

Microsoft matrix along with his rivals. There are two ways to use the technology. Microsoft and its rival can move simultaneously. The equilibrium strategy can be determined y pay off matrix. The both companies use pure strategy. The criteria for pure strategy is max-min and min-max. The max-min strategy means select least case from all the best cases and min-max is selecting the best case from all the least cases.

4 0
1 year ago
GoAir, a low-cost airline, has created a team made up of employees from production, planning, quality control, tooling, design e
Luden [163]

Answer:

Cross-functional

Explanation:

The cross-functional work teams are made up of members from different departments to carry out a project or to solve a problem.

7 0
2 years ago
Mrs. Jones always wanted a white picket fence in front of her house. Mr. Jones, her husband, wants a fence around the entire hou
Kazeer [188]

Answer:

The dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.

Explanation:

Since Mrs. Jones always wanted a white picket fence in front of her house, and Mr. Jones, her husband, wants a fence around the entire house including a decently-sized lawn in the front and a garden in the back, and the fence border should look like a rectangle, and I have calculated that he would need to fence off an area of ​​4,000 square feet in order to fit all these things, and he wants to appease his wife and at least build the white picket fence in front of the house, and he plans to build the rest of the fence with chain link, a cheaper material, given that a white picket fence costs $ 7 per foot and a chain link fence costs $ 4 per foot, to determine what dimensions for the entire area will give the cheapest cost for the entire fence, the following calculation should be performed:

Area of ​​a rectangle = base times height = Z x Y = 4,000

80 x 50 = 4,000

40 x 100 = 4,000

20 x 200 = 4,000

20 x 7 x 2 + 200 x 4 x 2 = X = 280 + 1600 = 1880

40 x 7 x 2 + 100 x 4 x 2 = X = 560 + 800 = 1360

80 x 7 x 2 + 50 x 4 x 2 = X = 1120 + 400 = 1520

Therefore, the dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.

8 0
1 year ago
After eating four slices of pizza, you are offered a fifth slice for free. You turn down the fifth slice.
Nadusha1986 [10]

Answer:

The correct answer is letter "D": marginal utility is positive for the 4th slice and negative for the 5th slice.

Explanation:

Marginal Utility refers to the additional benefit or satisfaction gained from consuming one more unit of a good or service. In economics, something has utility if it satisfies any consumer wants or needs whether for usefulness or pleasure. It is a subjective term.

If the marginal utility is positive, consumers would want to acquire more of the good or service but if negative they will stop consuming it. Thus, the marginal utility for the 4th pizza slice is positive but the marginal utility for the 5th slice is negative.

3 0
2 years ago
Consider two points on the PPF: point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and
lorasvet [3.4K]

Answer:

c. 3 apples.

Explanation:

The opportunity cost is the alternative forgone. It is the item on the scale of preference that had to be let off in the fulfillment of other wants.

Given the two points A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears, moving from point A to B would mean that the number of apples will decrease from 10 to 7 while the number of pears will increase by 1.

As such, the opportunity cost is 3 apples (10 - 7).

8 0
2 years ago
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