Yes because you aren’t doing anything special with your bookstore since it is the same as others
Answer: c. 3%
Explanation:
The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.
They must therefore still pay their policy holders the minimum return guaranteed which is 3%.
Answer:
The correct answer is option e.
Explanation:
The supply in the given example is assumed to be unchanged. Supply being constant an increase in demand will cause the demand curve to shift to the right. This rightward shift in the demand curve will intersect the supply curve at a higher point. This will cause an increase in the price as well as quantity of output in the market.
So, option e is the correct answer.
Answer:
Dr. Cash $2,500
Cr. Treasury Shares $2,300
Cr. Paid-In-Capital Treasury Stock $200
Explanation:
Treasury stock is the share of the company issued earlier and bought-back. It can be reissued and cancelled by the company.
At the time of repurchase
Treasury Shares = 100 x $23 = $2,300
Dr. Treasury Stock $2,300
Cr. Cash $2,300
At the time of Resale
All the difference in the issuance of treasury stock will be transferred to Paid-In-Capital Treasury Stock account.
Proceeds = 100 x $25 = $93,600
Paid-In-Capital Treasury Stock = $2,500 - $2,300 = $200
