Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in a journal.
a) 01-02-2015 issued capital stock: $20,000
b) 01-30-2015 paid the monthly rent: $5,000
c) 02-02-2015 purchased supplies on account: $1,500
d) 02-10-2015 paid a creditor on account: $1,000
e) 03-03-2015 earned sales commissions: $25,000
f) 03-30-2015 paid automobile expenses for the month: $4,500
g) 03-30-2015 paid office salaries: $8,000
h) 03-31-2015 determined the cost of supplies used: $1,500
i) 03-31-2015 paid cash dividends: $1,500

Which of the following is the least risky? collectables stock savings bond savings account

If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805