Category: Finance

Journal entries Jameson Corporation

Posted on | by Brian Leakey

Jameson Corporation was organized on May 1. The following events occurred during the first month.

a. Received $70,000 cash from the five investors who organized Jameson Corporation. Each investor received 100 shares of $10 par value common stock.
b. Ordered store fixtures costing $15,000.
c. Borrowed $18,000 cash and signed a note due in two years.
d. Purchased $11,000 of equipment, paying $1,500 in cash and signing a six-month note for the balance.
e. Lent $2,000 to an employee who signed a note to repay the loan in three months.
f. Received and paid for the store fixtures ordered in (b).
Prepare journal entries for each transaction.
Record the receipt of $70,000 cash from five investors who each received 100 shares of $10 par value common stock.
Record the $15,000 order of store fixtures.
Record the receipt of the $18,000 cash borrowed on a two-year note.
Record the 11,000 purchase of equipment paid for with the $1,500 in cash and a 6 month note for the balance
Record $2,000 loan to an employee who signed a note due in three months.
Record the receipt of the store fixture and $15,000 payment

Journal entries for Johnson Company

Posted on | by Brian Leakey

The following events occurred for Johnson Company:
a. Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share.
b. Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer.
c. Borrowed $10,000 cash from a bank.
d. Loaned $800 to an employee who signed a note.
e. Purchased $13,000 of land; paid $4,000 in cash and signed a note for the balance.
Prepare journal entries for the above transactions.
Enter debits before credits
Record the receipt of cash and the distribution of 1,000 shares of $1 par value common stock with a market price of $40 per share.
Record the $15,000 purchase of equipment with $3,000 cash and the rest on accounts payable.
Record $800 loan to an employee who signed a note.
Record the $13,000 land purchase paid with $4,000 cash and a note for the balance.

Fell to a record low of 43 cents on the dollar

Posted on | by admin3

1.10 According to an article in the Wall Street Journal in 2020, bonds issued by the satellite operator Intelsat that matured in 2023 “fell to a record low of 43 cents on the dollar.” Why would an investor sell one of these bonds for 43 cents on the dollar rather than hold the bond for three years and receive 100 cents on the dollar when the bond matured? Which of the following ratings is this bond likely to have received: Aaa, Baa, or Caa? Briefly explain.

 

 

Effect on the money demand curve

Posted on | by admin3

4.3 Draw a graph of the money market. Show the effect on the money demand curve, the money supply curve, and the equilibrium short-term nominal interest rate of each of the following:
1. The Fed decreases the money supply.
2. A recession causes real GDP to fall.
3. The price level increases.
4. The Fed increases the money supply at the same time that the price level falls.

 

 

The Fortune 500,

Posted on | by

 

Select a Fortune 500 company or another company you are familiar with. Consider pharmaceuticals, computer hardware, retail, or
automotive industries for your selection. If you choose a company that is not in the Fortune 500, ensure that enough financial information
and key performance indicator results are available to complete the assignment.
Imagine your manager has asked you to help with a presentation on the company’s financial performance at the company’s annual meeting.
Research financial information and key performance indicators for the company.
Create a 10- to 16-slide presentation for investors to assess the company’s financial growth and sustainability. Use speaker notes to convey
the details you would give if you were presenting.
Complete the following in your presentation:
• Identify key performance indicators for the company you selected, including the following.
o The company and its ticker symbol
o Cash flow from operations
o Price-to-earnings ratio
o Stock dividends and the yield, if any
o Earnings per share ratio
o Revenue estimates for the next 12 months
o Revenue from the previous 3 years
o Statement of cash flows and net cash from operating, investing, and financing activities over the past 3 years
o Average trade volume
o Current stock price, 52-week high, and 1-year estimated stock price
o Analysts’ recommendations for the stock (buy, sell, hold)
Copyright 2021 by University of Phoenix. All rights reserved.
o Market cap for the company
• Relate the stock price to the price-to-earnings ratio.
• Explain the market capitalization and what it means to the investor.
• Evaluate trends in stock price, dividend payout, and total stockholders’ equity. Relate recent events or market conditions to the trends
you identified.
• Determine, based on your analysis, whether you think the organization is going to meet its financial goals and the outlook for growth
and sustainability, and explain why you recommend this stock for purchase.
• Cite references to support your assignment.

 

 

 

Sports Finance

Posted on | by

Discuss at least 8 key takeaways from the course and explain how you will apply this knowledge to your future
For each point listed above, you should provide supporting evidence and refer to text, videos or articles that were provided to you in the course. You do not need to include additional outside sources, but if you choose to do so you should list them on a citation page at the end of your paper.

The final reflection paper should be at least 5 pages long, double-spaced, Times New Roman font, size 12 and regular margins. Please make sure you provide a detailed response and cite examples through out the paper.

Points to be discussed:
Balance sheets
Minimizing expenses
Budgeting
Tax planning
Revenue in college athletes
Financial challenges of college athletes
Off season finacial challenges
College athletes should be paid?