Which set of changes is definitely predicted to lower real gdp in the short run?

Kelley Co. has $2,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value c

postnew [5]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $500,000

Premium on bonds payable A/c Dr $28,125

To Common stock A/c $450,000

To Paid in capital in excess of par A/c $78,125

(Being the conversion of bonds is recorded)

The computation is shown below:

For Premium on bonds payable:

= $500,000 ÷ $2,000,000 × $112,500

= $28,125

For Common stock:

= $500,000 ÷ $1,000 × 30 × $30

= $450,000

And, the remaining balance is credited to paid in capital in excess of par

5 0

3 years ago

Cisco Systems, a computer networking firm, has undertaken over 80 acquisitions in the last decade. It uses these acquisitions to

sukhopar [10]

Answer:

The correct answer is letter "D": valuable resources.

Explanation:

Acquisitions are purchases of companies by other entities by buying the target entity's stock. When the acquiring company purchases more than 50% of the stocks, it has full decisions over the target firm. Acquisitions happen when one institution wants to break market entry barriers, to decrease competition or to gain new technology. Therefore, the acquiring company obtains a valuable resource from the target firm.

7 0

3 years ago

The following monthly data pertains to the Amnesty Company: Sales commissions 8,000 Delivery truck depreciation $2,500 Direct la

Fed [463]

Answer: $46000

Explanation:

The manufacturing overhead for the month will be calculated as:

Indirect labour = $15000

Add: Indirect material = $4000

Add: Factory electricity gas = $8000

Add: Factory supervisor salary = $12000

Add: Depreciation on factory building = $7000