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vodomira [7]
2 years 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]2 years 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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Mendez Company is considering a capital project that costs $16,000. The project will deliver the following cash flows: Year 1 Ye
kkurt [141]

Answer:

2.4 years

Explanation:

Years  Cash   Cumulative Cashflow

1          8000         8000

<u>2         6000         14000</u>

3          5000        19000

4          4000        25000

5          <u>5000</u>        30000

           <u>30000</u>

Payback period = 2 years + (16,000 - 14,000) / 5,000

Payback period = 2 years + 0.4 years

Payback period = 2.4 years

5 0
2 years ago
Hi Jennie, As you may know, Macy’s is in a battle with Abercrombie &amp; Fitch for sales among 15- to 20-year-old female custome
IRINA_888 [86]

<u>Answer:</u>A 3) Two days off with pay

B. 3)For every 200 Macy's coupons you hand out, you will receive 25% off any item in the store.

3). 2) In the coming weeks, I will be relying on you to make decisions on how best to make this transition.

<u>Explanation:</u>

Expectancy theory has three components which are Valence, instrumentality and effort. Motivation at workplace is essential the above three examples is based on the expectancy theory and the employees are motivated based on the theory.

A. Emily is the employee who has put a lot of effort to complete the task at Macy's. She has helped the store in relocating and attending the young female customers to compete Abercrombie & Fitch. She has worked hard and requires two days off to put herself together. She also needs to be paid for two days for her hard work.

B. Instrumentality is the performance outcome through motivation. Here Emily should be given motivation to do more sales. The target based motivation would be effective and she would be motivated to handout more coupons to avail her discount at the store.

C. Expectancy is the perceived effort performance relationship. Giving Emily the power to make decisions gives her motivation to perform well.

5 0
2 years ago
You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

Best Regards

6 0
2 years ago
Anna is a 21-year-old full-time college student (she plans on returning home at the end of the school year). Her total support f
saveliy_v [14]

Answer:

Even if Anna's grandparents provided the remaining $14,000 of support for Anna ($34,000 minus $12,000 minus $8,000) they would not be able to claim her as a dependent.

Explanation:

If the grandparents provided $14,000 their contribution to Anna's school fees is not up to half so they cannot claim Anna as an exemption. Anna had $12,000 personal money and $8,000 scholarship, it is crowned that she provided $20,000 by herself.

However since she is under the age of 21 and in college, her parents can claim her.

4 0
2 years ago
Big data analytics programs (which analyze massive data sets to make decisions) use gigantic computing power to quantify trends
Sidana [21]

Answer:

The correct answer is: No, it may not decrease the humanity of production in organizations.

Explanation:

To begin with, the term known as <em>''humanity of production'' </em>refers to that human element that gives to the company its capability of leadership and other human abilities. Moreover, when it comes to the big data analytics those programs would not decrease the humanity of production because in order to create all those programs and in order to read all the information that those programs give and to use it and implement there will be a need of using human capital to complete the whole objective. So therefore that human will be as need as machines.

8 0
2 years ago
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