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3 years ago

When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull

1 answer:

5 0

Your answer is Cost-Push.
Cost push inflation – this occurs when there is a rise in the price of raw materials, higher taxes, e.t.c

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On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on Nov

ivann1987 [24]

Answer: The answer is as follows:

Explanation:

Journal entries are as follows:

For October 31:

Cash (400,000 × $18) $7,200,000

Common stock (400,000 × $10) $4,000,000

Paid in capital in excess of par value-common stock $3,200,000

( record of issuing common stock)

For November 19:

Cash (50,000 × $80) $4,000,000

Preferred stock (50,000 × $75) $3,750,000

Paid in capital in excess of par value-Preferred stock $250,000

( record of issuing preferred stock)

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3 years ago

According to the Principle of Utility within the ethical theory of Utilitarianism, happiness is an extermely important factor in

Daniel [21]

True.

The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.

6 0

3 years ago

If a congressional leader passes a bill favorable to a particular pharmaceutical firm, then resigns to take a consultant positio

umka21 [38]

The answer to this question is that it is an example of regulatory capture.

<span>Regulatory capture is a situation where in the interest of the business or firm is being prioritized by the firm in order for them to advance and succeed. There are two types of regulatory capture; a materialistic capture and non-materialistic capture.</span>

5 0

3 years ago

Lewelling Company issued 101,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 4,100 hour

GenaCL600 [577]

Answer:

Paid in capital excess of par is $$309,000

Explanation:

<u>Journal Entries</u>

Debt: Legal services (4,100 hours × $100 per hour) = $410,000

Credit: Common stock (101,000 shares × $1 par) = $101,000

Credit: Paid-in capital - excess of par (Remainder) = $309,000

To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)

In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.

Paid in capital excess of par is $$309,000

3 0

3 years ago

Which of the following is true of normal shortages? They do not include theft and shrinkage. These goods are no longer available

never [62]

Answer:

<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>

Explanation:

From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.

7 0

3 years ago