Journalize the transactions.

Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,300, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed.
27 Pays $850 on the balance related to the transaction of October 3.
30
Pays the administrative assistant $2,500 in salary for October.

The law of demand is the assertion that ?

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of