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Business, 02.12.2019 18:50 alfarodougoy8lvt

The stockholders’ equity accounts of novak corp. on january 1, 2017, were as follows. preferred stock (6%, $100 par noncumulative, 5,000 shares authorized) $300,000 common stock ($4 stated value, 340,000 shares authorized) 1,133,333 paid-in capital in excess of par value—preferred stock 15,000 paid-in capital in excess of stated value—common stock 544,000 retained earnings 692,000 treasury stock (5,000 common shares) 40,000 during 2017, the corporation had the following transactions and events pertaining to its stockholders' equity feb. 1 issued 4,570 shares of common stock for $27,420. mar. 20 purchased 1,650 additional shares of common treasury stock at $ 9 per share. oct. 1 declared a 6% cash dividend on preferred stock, payable november 1. nov. 1 paid the dividend declared on october 1. share cash dividend to common stockholders of record on december 15, payable december 31, 2017 dec. 31 determined that net income for the year was $ 280,500. paid the dividend declared on december 1. journalize the transactions.

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Astudent was asked to draw a demand and supply graph to illustrate the effect on the market for premium bottled water of a fall in the price of electrolyteselectrolytes used in some brands of premium bottled​ water, holding everything else constant. she drew the graph to the right and explained it as​ follows: ​"electrolyteselectrolytes are an input to some brands of premium bottled​ water, so a fall in the price of electrolyteselectrolytes will cause the supply curve for premium bottled water to shift to the right​ (from upper s 1s1 to upper s 2 right parenthesis .s2). because this shift in the supply curve results in a lower price left parenthesis upper p 2 right parenthesis commap2, consumers will want to buy more premium bottled water and the demand curve will shift to the right​ (from upper d 1d1 to upper d 2 right parenthesis .d2). we know that more premium bottled water will be​ sold, but we​ can't be sure whether the price of premium bottled water will rise or fall. that depends on whether the supply curve or the demand curve has shifted farther to the right. i assume that the effect on supply is greater than the effect on​ demand, so i show the final equilibrium price left parenthesis upper p 3 right parenthesisp3 as being lower than the initial equilibrium price left parenthesis upper p 1 right parenthesis .p1.​" where is the flaw in the​ student's argument? supply will shift inward. demand will not shift. demand will shift inward.
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The stockholders’ equity accounts of novak corp. on january 1, 2017, were as follows. preferred stoc...
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