Answer: Option A
Explanation: In a free market structure, the majority of resources in the economy are owned and controlled by the private owners. The prices of commodities produced in such a market structure are determined by the market forces of demand and supply.
The rules and restrictions imposed by the govt. in such a market structure exists but at a very small extent. The govt. in such a market structure controls only those industries which are important for national security and development.
Answer:
Siewert Inc.
a) Journal Entry:
A memo entry to show that there is a 2-for-1 split only with new par value of $0.50 for 80 million shares.
b) The par value after the split = $0.50
Explanation:
a) Data and Calculations:
Common Stock = 40 million shares
Par value = $1
Declared stock split = 2-for-1
Market price of stock = $15 on June 13
New Common Stock = 80 million shares (40 million * 2)
New Par Value of Stock = $0.50 ($1/2)
b) Siewert Inc. does not record any journal entry for the stock split. Instead, it prepares a memo entry in its journal that indicates the nature of the stock split (2-for-1) and indicates the new par value to be $0.50. The company's balance sheet will reflect the new par value and the new number of shares authorized, issued, and outstanding after the stock split, which has been multiplied by 2 as 80 million shares.
If you record the debit entry for transaction (A) 5/1 in your journal, the Date Description Debit Credit would be May 1 Equipment—Office 690.00.
Hope this helps!!
The history of credit and debt in America impact me in a way that though a lot of people disliked like the idea of debt, it is one of the way of life.
<h3>Is credit history important in our lives?</h3>
Good credit is known to be one that plays a key role in a person's financial life.
Note that it is one that is seen to be not only essential and it is one that is used to be qualifying for a loan or when one is trying to get a credit card,
Credit scores do influence our financial life and as such, The history of credit and debt in America impact me in a way that though a lot of people disliked like the idea of debt, it is one of the way of life.
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Answer:
The reserve ratio - The Federal Reserve Bank increases the share of total deposits that banks can legally loan.
The reserve ratio is the percentage of deposits that banks have to keep as reserve and cannot loan. If the fed lowers the reserve ration, it means that banks can loan a higher share of the total deposits that they store.
Open-market operation - The European Central Bank purchases bonds from commercial banks.
In Open-market operations, central banks purchase bonds and other securities in the open market in order to lower the interest rate, or they sell securities in order to raise the interest rate.
The term auction facility - The Federal Reserve requests secret bids from banks for the right to borrow money.
The term auction facility is a program in which the Federal Reserve bids loans under special conditions to bidding banks.
The discount rate - The central bank decreases the rate that it charges to commercial banks for loans.
The discount rate is the rate at which central banks loan money to commercial banks.
