Answer and Explanation:
The journal entry to record issuance of the stock in exchange for the land and building is given below:
Land $237,000
Building $368,000
To Common stock, $8 par value $168,000
To Paid-in capital in excess of par value, common stock $437,000
(Being the issuance of the stock in exchange for the land and building is recorded)
Answer:
The budgeted cash disbursements for August are $532,000
Explanation:
Amount of cash the company pays for purchases in August:
30% x Materials purchases in July + 70% x Materials purchases in August = 30% x $250,000 + 70% x $420,000 = $369,000
The budgeted cash disbursements for August = Cash paid for purchasing materials + Wages Expense + Purchase of office equipment + Selling and Administrative Expenses = $369,000 + $60,000 + $64,000 + $39,000 = $532,000
Noted: Depreciation is a non-cash accounting expense, so it doesn't involve cash flow
Answer:
Turn the company into a public Enterprise.
Explanation:
Among options, the option to turn the company into a public enterprise is the most viable, thanks to the advantages of Public Enterprises including:
• Charges low prices.
• Provide essential facilities like education, health, free or at reduced prices.
• Ensures efficient control of industry.
• Expert administrative services.
• Money can be made available for R&D
• Private monopoly which would cause high prices is avoided.
• Foreign denominations of the economy are avoided.
In which, “money can be made available for R&D” is critical objective of government.
Answer:
28.3%
Explanation:
The formula to calculate the final amount for compound interest is:
where
A is the final amount
P is the principal
r is the rate of return
n is the number of times the interest is compound in a time t
t is the time
Here we have:
P = $12,000 is the principal
A = $87,881 is the final amount
t = 8 y is the time (8 years)
n = 1 , since interest is compounded every year
Therefore, solving for r, we find the rate of return:
![\frac{A}{P}=(1+r)^t\\r=\sqrt[t]{\frac{A}{P}}-1=\sqrt[8]{\frac{87,881}{12,000}}-1=0.283=28.3\%](https://tex.z-dn.net/?f=%5Cfrac%7BA%7D%7BP%7D%3D%281%2Br%29%5Et%5C%5Cr%3D%5Csqrt%5Bt%5D%7B%5Cfrac%7BA%7D%7BP%7D%7D-1%3D%5Csqrt%5B8%5D%7B%5Cfrac%7B87%2C881%7D%7B12%2C000%7D%7D-1%3D0.283%3D28.3%5C%25)
Durable and Nondurable goods are included in the Gross Domestic Product calculation of consumption.
Consumption expenditure refers to expenditure incurred by means of households on the buying of all varieties of purchaser goods, i.e durable goods like food merchandise and nondurable items like motors.
The manufacturing of durable items is a part of a country's Gross Domestic Product. As reported within the Survey of present-day business with the aid of the Bureau of monetary evaluation and also within the annual report of the Council of Economic Advisers, long-lasting items which can be sold to purchasers appear underneath non-public intake fees.
Consumer nondurable goods are purchased for fast or nearly instant intake and feature a lifestyles span starting from mins to a few years. common examples of those are meals, liquids, garb, footwear, and gas.
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