Answer:
c
Explanation:
social value = private value = private cost < social cost.
Answer:
Cash (Dr.) $85,000,000
Share Capital (Cr.) $5,000,000
Share Premium (Cr.) $85,000,000
Explanation:
The par value is simply the face value that appears on the certificate of share deposited with the depository system. When multiplied with the number of shares issued, it gives us Share Capital which in this case is $5,000,000 (5 * 1,000,000). But Olsson Corporation issued these shares at $85,000,000, this excess amount of $80,000,000 (85,000,000 - 5,000,000) is Share Premium. The appropriate entry to record the issue is:
Cash (Dr.) $85,000,000
Share Capital (Cr.) $5,000,000
Share Premium (Cr.) $85,000,000
Question Completion with Options:
1. The demand curve shifted to the right, the supply curve shifted to the left, the equilibrium price and quantity increased from 2017
2. Supply and demand curves have shifted to the left and the equilibrium quantity has decreased from 2017 but it is impossible to determine the effect on the equilibrium price.
3. The demand curve shifted to the left, the supply curve shifted to the right, the equilibrium price and quantity increased from 2017 Od.
4. Supply and demand curves have shifted to the left and the equilibrium price and quantity for Panthers' jersey market has decreased since 2017.
Answer:
This is how the new equilibrium price and quantity are like compared with the prior year’s Panthers’ jersey market before the scandal and increased manufacturing costs:
2. Supply and demand curves have shifted to the left and the equilibrium quantity has decreased from 2017 but it is impossible to determine the effect on the equilibrium price.
Explanation:
The scenario presents a decrease in supply of the jersey caused by the increase in the cost of production by 20%. This is why supply shifted to the left. Based on this factor, price is supposed to increase but this does not reflect on the data because the scandal also dampened demand. No wonder demand also shifted to the left, resulting in further decrease. These two leftward shifts caused the equilibrium quantity to decrease. However, we cannot establish whether the price decreased as well because it is supposed to increase due to the increased production cost in China.
<u>Calculation of amount of the adjusting entry for office supplies on March 31:</u>
It is given that office supplies account balance on March 1 was $1,400, the company purchased $675 of supplies during the month, and a physical count of supplies on hand at the end of March indicate $1,250 unused. It means the Supplies used was (1400+675-1250) = $825
Hence, the amount of the adjusting entry for office supplies on March 31 shall be <u>$825.</u>
Answer: The theory of "Purchasing Power Parity" states that the exchange rates between the different currencies must be such that it allows a currency to have the same purchasing power anywhere in the world.
If you can buy a television with 1,000 dollars in the United States, with those same 1,000 dollars you should also be able to buy in Spain, or in Japan.
When a country maintains high levels of inflation, for a long period of time, the increase in the price of goods is nothing more than a fall in the value of its currency. Therefore, it is reasonable for your currency to depreciate against currencies of other countries as well.
