Answer:
The entry to recognize the exchange :
<em>Land $318,000 (debit)</em>
<em>Common Stock $300,000 (credit)</em>
<em>Accounts Payable $300,000 (credit)</em>
Explanation:
The Price of stock is equivalent to the issue price at the date of the transaction of $12.
Note that the Common Stocks do not have par value, this means there is no share premium reserve on the stocks that needs to be recognized.
Since the Price of land is above the price of common stocks, the remainder is the amount owing, a liability.
The answer to this answer is B.lower spending
Lower spending means that the government used less money to be allocated into the government programs (such as welfares, infrastructure, etc)
By doing this, the government will have larger chunk of the budget at the end of the fiscal year, which cause a budget surplus for the governemnt
Answer:
a.9.313hr
b.116.4%
c.104.0%
Explanation:
(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr
(b) Ew= 9.313/8.0 = 1.164 = 116.4%
(c) Time worked = 480 – 13 = 467 min
Tc= (467 min)/(75 pc) = 6.227 min/pc
Tn= 7.45/(1 + 0.15) = 6.478 min/pc
Pw= 6.478/6.227 = 1.040 = 104.0%
Answer:
The correct answer is option d.
Explanation:
A monopolistic firm is producing 12000 units at a price of $10 per units.
The average variable cost per unit is $6/unit.
The fixed costs are $15,000.
The average fixed costs will be
=
=
=1.25
The average total cost is
=average fixed cost+average variable cost
=$(6+1.25) per unit
=$7.25 per unit
Here, the price per unit is greater than average total cost per unit. This means that the firm is having supernormal profits. This will attract other firms to join the market.
In the long run, when new firms enter the market, the market supply will increase leading to a fall in price.
B.Marketing because it’s just advertising.