During its first year of operations, Eastern Data Links Corporationentered into the following transactions relating to shareholders’equity. The articles of incorporation authorized the issue of 8 millioncommon shares, $1 par per share, and 1 million preferred shares $50 par per shares Prepare the appropriate journal entries to record each transaction:Feb. 12 Sold 2 million common shares for $9 per shareCash (2 million x $9) 18 000 000© Dr. Chula KingAll Rights ReceivedCash (2 millionx $9) 18,000,000Common stock (2 million x $1) 2,000,000PIC in excess of par-C/S (2 million x $8) 16,000,000Feb. 13 Issued 40,000 common shares to attorneys in exchange for legalservicesLegal expense (40,000 x $9) 360,000Common stock (40,000 x $1) 40,000PIC in excess of par-C/S (40,000 x $8) 320,000

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

Todd and jim learned that in building a business plan, it was important for them to: