Answer:
$475,000
Explanation:
Calculation for By what amount would LBM credit capital in excess of par
Dr Cash $500,000
(25,000 shares*$20 per share)
Cr Common Stock $25,000
(25,000 shares*$1 per share)
Cr Capital in excess of par $475,000
($500,000-$25,000)
Therefore based on the above Journal entry and calculation the amount that LBM would credit as capital in excess of par will be $475,000 ($500,000-$25,000).
Answer:Substitution ---B
Explanation:
When goods are closely related together such that they both give similar purpose , they are called Substitute goods.
Therefore when any of the substitute goods prices rises, Consumers will go for the cheaper alternatives which will provide more value for thier money.
Here, the rise in the price of Pepsi caused consumers to shift to a cheaper alternative which is Coke. Other substitute goods that can have the Substitution effect include beef and chicken, butter and margarine etc
Answer:
The alignment of numbers in the first part of the question is off. However, you solve this question as shown below. The correct answer is C. $1,124.
Explanation:
This is a one-time cashflow type of question where the principal amount is invested once and no other addition is made to the account. You use the future value formula to solve the result of the compounding effect at year 3.
FV formula;
FV = PV(1+r)^n
PV = 800
discount rate; r = 12% or 0.12
total duration of investment; n = 3
therefore; FV = 800(1+0.12)^3
FV = 800 * 1.404928
FV = 1123.94
To the nearest whole dollar, the amount will grow to $1,124
Steven Ballard has a strategic initiative for East Carolina to be known as the leadership university.
His teaching and research are focused on leadership in the public sector, research and the development and the innovation process. He is also known for his amazing ethics and relentless support for ECU.
Answer:
True
Explanation:
In psychology, the term cognitive dissonance refers to the <u>stress (psychological) that one person experiences when they hold two opposite values or ideas, also, they experience cognitive dissonance when they participate in an action that goes against their values or ideas</u>, creating stress.
In this example, a person took their elderly parent to a Gerontology clinic, after leaving they wonder if they made the right choice. We can see that <u>they might have done something that went against their values or ideas (taking parents to a Gerontology clinic) and the person is starting to wonder if what they did was right and is experiencing psychological distress.</u> Therefore, this is an example of cognitive dissonance.
