Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of which occurred during the current year.

On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a.

During the current month, the following errors occurred in recording transactions in the purchases journal or in posting from it.

$$\text{c.} \ \text{An invoice for equipment of \$4,800 was recorded as \$4,000.}$$

How will each error come to the bookkeeper’s attention, other than by chance discovery?

Firm L had net assets at the end of the year of $365,000. The only transactions affecting stockholders’ equity during the year were net income of$56,000 and dividends of $26,000.

Required: Calculate Firm L’s average stockholders’ equity and return on equity (ROE).

In September, David began with a bank account balance of $\$ 904.89$. His withdrawals and deposits for September are given below:

Assuming no other transactions, what was his account balance at the end of September?

The term t (in years) of a $200,000 home mortgage at 7.5$t=-13.375 \ln $\frac{x-1250}{x}$,      x>1250$ where x is the monthly payment in dollars. Write a short paragraph describing the benefit of the higher monthly payment.

Prepare journal entries under the cost method to record the following treasury stock transactions of Danos Corporation. d. Issues 8,000 treasury shares in the acquisition of land valued at $300,000. Danos Corporation uses a FIFO assumption for reissues of treasury stock.

Carter plans to wallpaper the longest wall in his living room. The wall is twice as long as it is high and has an area of 162 square feet. Find the height of the wall.

A 8 feet

B 9 feet

C 12 feet

D 18 feet

Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of which occurred during the current year.

c. On October 8, sold 50 shares of RPI stock for $15 per share.

Round answer to the nearest cent.

$31.4545

A ladder of length l, standing on level ground, is leaning against a vertical wall. The base of the ladder begins to slide away from the wall. Introduce a coordinate system so that the wall lies along the positive $y$-axis, the ground is on the positive $x$-axis, and the base of the wall is the origin.

(a). What is the equation of the path followed by the midpoint of the ladder?

(b). What is the equation of the path followed by any point on the ladder?

Solving Inequalities Involving Absolute Value Solve the inequality. Then graph the solution set.

$$\left|\frac{2 t+6}{2}\right|>10$$

Round the following.

$345.51$ to the nearest one

Bridgewater Legal Offices charges a $\$ 250$ retainer fee for real estate transactions plus $\$ 180$ per hour. Dockside Legal charges a $\$ 100$ retainer fee plus $\$ 230$ per hour. How many hours are Bridgewater's rates higher?

Find a value for k so that the line through (4, k) and (-2,-1) is parallel to $y=-2 x+\frac{3}{2}$.