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3 years ago

The principle of mercantilism views trade as a(n) _____ game. advantage zero-sum negative-sum positive-sum

1 answer:

4 0

The principle of mercantilism views trade as a zero-sum game.

Mercantilism, an economic theory, is believing in the benefits of profitable trading.

Zero-sum is describing a trade where one side of the trade benefits, but the other does not.

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Larkspur Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $104,800 to m

Lady_Fox [76]

Answer:

First find the present value of the lease. Payments are constant and fixed so this is an annuity. As it is to be paid from the beginning, it is an Annuity due.

= Annuity * Present value interest factor of annuity due, 5 years, 7%.

= 37,400 * 4.3872

= $164,081

Date Account Details Debit Credit

Dec. 31, 2019 Lease Receivable $164,081

Cost of goods sold $104,800

Sales $164,081

Inventory $104,800

Date Account Details Debit Credit

Dec. 31, 2019 Cash $37,400

Lease Receivable $37,400

5 0

3 years ago

Ballpark has shares of par common stock outstanding. Ballpark announces a stock split of for1. What is the effect of the split?

Harman [31]

Answer:

The answer is 'it increases the number of shares outstanding'

Explanation:

Stock split increases the number of shares outstanding. It causes dilution of earnings per share.

For example, ABC Inc. has 50,000 shares outstanding and it announces a stock split of 3-for- 1.

This means that any shareholder that has 1 will exchange that 1 share for 3 shares. So at the end of the stock split the total number of shares outstanding will be 150,000 shares (50,000 x 3)

6 0

3 years ago

Tanner-UNF Corporation acquired as a long-term investment $200 million of 7% bonds, dated July 1, on July 1, 2018. The market in

likoan [24]

Answer:

1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.

July 1, investment in UNF bonds

Dr Investment in bonds HTM 200,000,000

Cr Cash 160,000,000

Cr Discount on bonds 40,000,000

December 31, interest revenue from investment in bonds

Dr Cash 7,000,000

Dr Discount on bonds 200,000

Cr Interest revenue 7,200,000

Discount on bonds = ($160,000,000 x 4.5%) - ($200,000,000 x 3.5%) = $7,200,000 - $7,000,000 = $200,000

2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.

Investment in bonds HTM = $200,000,000 (face value) - $39,800,000 (discount on bonds) = $160,200,000

Changes in the market value of bonds held to maturity are not considered by the company.

4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.

Dr Cash 150,000,000

Dr Dr Discount on bonds 39,800,000

Dr Loss on investment in bonds HTM 10,200,000

Cr Investment in bonds HTM 200,000,000

3 0

3 years ago

Suppose the government increases spending on public education by $700 million and individual spending on private education drops

stepladder [879]

Suppose the government increases spending on public education by $700 million and individual spending on private education drops by $500 million. this is an example of incomplete crowding out.

<h3>What occurs when government spending rises?</h3>

Greater government spending, according to Keynesian economics, improves aggregate demand and consumption, which results in increased production and a quicker exit from recessions.
Long-term economic growth is lowered when the size of government is steadily increased.
Spending by the government distorts incentives, lowering output and efficiency.
These assertions are supported by academic research and supported by relevant economic statistics.

To learn more about recession, refer to the following link:

brainly.com/question/1417711

#SPJ4

6 0

2 years ago

Catherine decided to have lunch at tom's, one of the most popular restaurants in town. she ordered soup before her main course a

Ostrovityanka [42]

<span>Catherine will lose the case since she did not sustain any damages. However, there is a slim (and very unlikely) chance that T</span>om's will might agree to settle if Catherine claims damages in terms of emotional trauma.

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3 years ago