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3 years ago

Complete the sentence. Citations may cause your __________________ to increase.

Business

2 answers:

Flura [38]3 years ago

7 0

Idk im pretty sure its taxes idk im really not sure im in middle school

jeka943 years ago

6 0

Citations may cause your TAXES to increase. Taxes is your answer. Hope it helps and mark as brainliest. BTW i LOVE the profile pic! Its pikachu!!!

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Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value

natta225 [31]

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

4 0

3 years ago

When sellers are willing to accept money in exchange for goods and services, money is acting as a?

lora16 [44]

Money is functioning as a medium of exchange. Money makes transactions easier, instead of having to barter for items, you can complete transactions through the usage of money.
Money serves three primary functions unit of account, store of value and most important medium of exchange.

4 0

3 years ago

A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the

sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= $\frac{new price\ -\ initial\ price}{initial\ price} \times100$

= $\frac{2.50\ -\ 2}{2} \times100$

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= $\frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}$

= $\frac{5}{25}$

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0

4 years ago

The ability and willingness to sell specific quantities of a good at alternative prices in a given time period, ceteris paribus

Zanzabum

Supply is the answer

4 0

3 years ago

Net credit sales for the Breakeven Diner for the past year stands at $4,500. If the diner’s manager uses the percentage of sales

Naddik [55]

Answer:

$67.50

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Using the percentage of sales method, estimated bad debt for the year

= 1.5% × $4500

= $67.50

6 0

3 years ago