Answer:
B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000
Explanation:
Whenever shares are issued at a price higher than the par value, then the additional value that is higher than par value is is added to paid in capital in excess of stated common capital.
Here, in the given case stated capital = 10,000
$3 = $30,000
Paid in capital in excess of stated capital = 10,000
($16 - $3) = $130,000
Thus, correct entry will include credit to both of the above.
Therefore, correct option is
B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000
As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.
Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:
- People are more confident in their finances and the ability to make income in future
- People will spend more in the economy because they are more confident in their income
- Aggregate demand will rise as more people demand goods and services
If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.
In conclusion, spending in the economy will increase and aggregate demand will rise.
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Answer:
an increase in equilibrium price and an indeterminate effect on equilibrium quantity.
Explanation:
An inferior good is a good whose demand increases when income falls and reduces when income rises.
If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.
An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.
The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.
I hope my answer helps you
Answer:
$19,870.39
Explanation:
To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:
PV=FV/(1+i)^n, where
PV= Present value
FV= Future value=$25,000
i= interest rate=4.7%
n= number of periods of time= 5 years
PV=25,000/(1+0.047)^n
PV=25,000/(1.047)^5
PV=19,870.39
According to this, the answer is that you will have to deposit today $19,870.39.