Reference no: EM131880605
Problem - On January 5, 2012, Phelps Corporation received a charter granting the right to issue 5,200 shares of $104 par value, 6% cumulative and nonparticipating preferred stock, and 50,800 shares of $10 par value common stock. It then completed these transactions.
Jan. 11 Issued 21,550 shares of common stock at $16 per share.
Feb. 1 Issued to Sanchez Corp. 4,800 shares of preferred stock for the following assets: equipment with a fair value of $55,510; a factory building with a fair value of $165,500; and land with an appraised value of $327,000.
July 29 Purchased 1,860 shares of common stock at $18 per share. (Use cost method.)
Aug. 10 Sold the 1,860 treasury shares at $12 per share.
Dec. 31 Declared a $0.35 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31 Closed the Income Summary account. There was a $176,310 net income.
(a) Record the journal entries for the transactions listed above.
Population proportion of adults
: Construct a 95 % confidence interval for the population proportion of adults who believe in UFOs.
|
Predicted total body weight for a female athlete
: The predicted total body weight for a female athlete who is 69 inches tall is
|
The impact of technology on the developing child
: After reflecting on "The Impact of Technology on the Developing Child" and "Is the Internet hurting children?"
|
Market shares of four firms
: Past data suggests that the market shares of four firms (A, B, C, and D) are 30%, 25%, 15%, and 30% respectively.
|
Record the journal entries for the transactions
: Jan. 11 Issued 21,550 shares of common stock at $16 per share. Record the journal entries for the transactions listed above
|
Crete llc manufactures and distributes solar panel
: Crete LLC manufactures and distributes solar panel for the consumer market. Your job is to submit a proposal that meets their criteria.
|
Probability that an observation falls in bin
: In setting up bins for the "goodness of fit" test for a Normal distribution, one bin was 617 to 629. If the variable followed a Normal distribution
|
What the net present value from an mba degree
: What the net present value from an MBA degree? Based on this cost-benefit analysis, should you pursue an MBA degree?
|
Your required rate of return
: You own a bond that pays $100 in annual interest with a $1,000 par value. It matures in 5 years. Your required rate of return is
|