Answer:
b. false
Explanation:
A loss making treasury stock sale will decrease the paid-in-capital account by the amount of loss only.
In case of Loss
Dr. Cr.
Cash xxx
Paid-In -Capital xxx
Treasury xxx
In case of Profit
Dr. Cr.
Cash xxx
Paid-In -Capital xxx
Treasury xxx
As Paid-In-Capital account is part of equity account and it has credit balance. Hence Paid-In-Capital balance will only be reduced in case of loss making treasury shares sale.
Answer:
The answer here is false.
Explanation:
The answer is false.
This type of market is called perfect competition.
Products are identical. The buyers can buy from any seller without the fear of having different quality or quantity.
There are large number of buyers and sellers. The bargaining power of buyers is very high because sellers selling the same product are much.
These above-mentioned points made sellers to be powerless because any seller that increases its price will lose customers because buyers can get the same product else where at a lower price. Seller are price-takers, they can't influence the prevailing market price. It is the market that determines the price.
Answer:
d. journal
Explanation:
Journal -
It refers to the piece of information which is recorded on the day to day basis , is referred to as a journal .
It is basically a form of notebook ,where the activity or any accounting information is recorded for the specified time period .
Hence , from the given statement of the question ,
The correct option is d. journal .
So this question is too complicated for a forum like this to answer all parts.
I can help with a few of the first ones.
A. To figure opportunity costs, you find the ratio between producing all wine versus producing all butter.
In this case Germany: if Germany only produces wine they make 300 units. If they only make butter they make 1200 units. So the opportunity costs would be 1200/300 or 4. For every one unit of wine, you give up 4 units of butter.
B. Absolute advantage is the country the can produce the most units overall.
C. Comparative advantage is the country that has the capability of producing the most of one specific product. I.E. who can produce the most butter or wine.
D. I cannot draw that here.
E. I would rethink the answer on your sheet. Think about the above example of opportunity cost. Is it worth Tom Brady giving up time thinking about football to mow his lawn? How much opportunity cost would be there?