Answer:
stock warrant
Explanation:
Amy was given a stock warrant which gives her the right to purchase a specific number of stocks (25 stocks) at a specific price ($32) during a specific time period (12 months). Stock warrants are issued directly by the corporation to the stockholders. Stock warrants are also tradable, so Amy can choose to sell them to another investor.
Answer:
a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500
Explanation:
When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:
(Dr) Cash, $27,000
(Cr) Unearned Rent Revenue, $27,000
With the passing of each month, the company <em>earns</em> one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:
(Dr) Unearned Rent Revenue, $4,500
(Cr) Rent Revenue, $4,500
<span>If in December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years, then his transactions deposits will be $8,000,000, his total reserves will be all in all 8 million pennies.</span>
Answer:
GDP reduces.
Explanation:
Gross Domestic Product includes four components:
= Consumption spending + investment spending + Government spending + Net exports
It was given that business experiencing a rise in its inventory (0.1 percent) and reduction in the total sales (0.6 percent).
We know that net exports are added to the nation's GDP, so any change in the net exports will also affect the GDP. Therefore, if there is a fall in the net exports then as a result there is a reduction in the GDP.
Answer:
the variable overhead rate variance is $596 favorable
Explanation:
The computation of the variable overhead rate variance is shown below:
= Standard overhead rate × actual direct labor hour - actual overhead
= $7 × 1,490 direct labor hours - $9,834
= $10,430 - $9,834
= $596 favorable
hence, the variable overhead rate variance is $596 favorable
