Answer:
a) encourage people to search longer for a job.
c) prolong the amount of time a person stays out of work.
d) increase the number of workers looking for work.
Explanation:
Answer:
$6,689
Explanation:
As we know that the inventory should be recorded at cost or net realizable value which ever is lower
Particulars Item Units Unit Cost Net Realizable Value LCNRV
Minolta 7 $175 $157 $157
Canon 11 142 176 $142
Vivitar 14 130 111 $111
Kodak 17 120 132 $120
So, the amount of ending inventory is
= 7 units × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120
= $1,099 + $1,562 + $1,988 + $2,040
= $6,689
Answer:
A. Dr Cash $327,500
Cr Common Stock $210,000
Cr Capital Paid In $117,500
B. Dr Cash $90,000
Cr Common Stock $90,000
C. Dr Inventory $59,000
Dr Machinery $185,000
Cr Note Payable $95,000
Cr Common Stock $80,000
Cr Capital Paid In $69,000
Explanation:
Preparation of the issuer's journal entry
A. Dr Cash $327,500
Cr Common Stock $210,000
(52,500 shares* $4 par value )
Cr Capital Paid In $117,500
($327,500-$210,000)
B. Dr Cash $90,000
Cr Common Stock $90,000
C. Dr Inventory $59,000
Dr Machinery $185,000
Cr Note Payable $95,000
Cr Common Stock (4000 * $20) $80,000
Cr Capital Paid In $69,000
($59,000+$185,000-$95,000-$80,000)
Answer:
Explanation:
That depens of the red tape, if there is one, Mike can claim rigths over the good depending on the negotiation, but if there is no a signed deal it is impossible to claim according to the law.
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