Seashell corp. was organized to consolidate sea company and shell company in a business combination. seashell issued 25,000 shares of its $10 par value common stock in exchange for all of the outstanding common stock of sea and shell. at the time of the consolidation, the fair market value of sea's and shell's assets and liabilities are equal to their book values. the shareholders' equity accounts of sea and shell on the date of the consolidation were: sea shell total c/s par $100,000$200,000 $300,000apic 50,000 75,000 125,000retained earnings22,500 47,500 70,000 totals $172,500 $322,500 $495,000which of the following is the balance in seashell's additional paid-in capital account immediately following its issuing common stock to effect the consolidation?

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls