Global marine obtained a charter from the state in january 2013, which authorized 1,000,000 shares of common stock, $5 par value. during the first year, the company earned $400,000 of net income and the following selected transactions occurred in the order given: a. issued 100,000 shares of the common stock at $55 cash per share. b. reacquired 25,000 shares at $50 cash per share. c. reissued 10,000 shares from treasury for $51 per share. d. reissued 10,000 shares from treasury for $49 per share. required: 1. indicate the account and amount for the above transactions. (enter decreases with a minus sign.)2. prepare journal entries to record each transaction. (if no entry is required for a transaction/event, write "no journal entry required" in the first account field.)3. prepare the stockholders equity section of the balance sheet at december 31, 2013. (amounts to be deducted should be indicated by a minus sign.)

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Emil motycka is considered an entrepreneur because