The following transactions occurred during the month of june 2018 for the stridewell corporation. the company owns and operates a retail shoe store.1. issued 145,000 shares of common stock in exchange for $725,000 cash.2. purchased furniture and fixtures at a cost of $117,500. $47,000 was paid in cash and a note payable was signed for the balance owed.3. purchased inventory on account at a cost of $290,000. the company uses the perpetual inventory system.4. (a) credit sales for the month totaled $493,000. (b) the cost of the goods sold was $246,500.5. paid $6,750 in rent on the store building for the month of june.6. paid $3,480 to an insurance company for fire and liability insurance for a one-year period beginning june 1, 2018.7. paid $209,525 on account for the merchandise purchased in 3.8. collected $98,600 from customers on account.9. paid shareholders a cash dividend of $7,250.10. recorded depreciation expense of $2,350 for the month on the furniture and fixtures.11. recorded the amount of prepaid insurance that expired for the month. required: prepare journal entries to record each of the transactions and events listed above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Match the different financial task to their corresponding financial life cycle phases

Blue computers, a major pc manufacturer in the united states, currently has plants in kentucky and pennsylvania. the kentucky plant has a capacity of 1 million units a year and the pennsylvania plant has a capacity of 1.5 million units a year. the firm divides the united states into five markets: northeast, southeast, midwest, south, and west. each pc sells for $1,000. the firm anticipates a 50 perc~nt growth in demand (in each region) this year (after which demand will stabilize) and wants to build a plant with a capacity of 1.5 million units per year to accommodate the growth. potential sites being considered are in north carolina and california. currently the firm pays federal, state, and local taxes on the income from each plant. federal taxes are 20 percent of income, and all state and local taxes are 7 percent of income in each state. north carolina has offered to reduce taxes for the next 10 years from 7 percent to 2 percent. blue computers would like to take the tax break into consideration when planning its network. consider income over the next 10 years in your analysis. assume that all costs remain unchanged over the 10 years. use a discount factor of 0.1 for your analysis. annual fixed costs, production and shipping costs per unit, and current regional demand (before the 50 percent growth) are shown in table 5-13. (a) if blue computers sets an objective of minimizing total fixed and variable costs, where should they build the new plant? how should the network be structured? (b) if blue computers sets an objective of maximizing after-tax profits, where should they build the new plant? how should the network be structured? variable production and shipping cost ($/unit) annual fixed cost northeast southeast midwest south west (million$) kentucky 185 180 175 175 200 150 pennsylvania 170 190 180 200 220 200 n. carolina 180 180 185 185 215 150 california 220 220 195 195 175 150 demand ('000 units/month) 700 400 400 300 600