Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $4,000,500
To Common stock $2,540,000
To Paid-In Capital in Excess of Par-Common Stock $1,460,500
(Being issuance of the common stock is recorded)
2. Land A/c Dr $860,000
Building A/c Dr $2,533,000
To Preferred Stock $2,925,000
To Paid-In Capital in Excess of Par-Preferred Stock $468,000
(Being issuance of the preferred stock is recorded)
All other information which is given is not relevant. Hence, ignored it
Answer:
Solution:
Dollar amount of total return = Capital gain distributions + Change in market value
First, we calculate the capital gain distributions
Income and capital gains distribution = ($0.12 + $0.22) x 130 shares
Income and capital gains distribution = $44.2
Now, we calculate the change in market value
Change in market value = Sales Price - Purchase price
Change in market value = 130 x $24 - 130 x $27
Change in market value = -$390
Therefore,
Dollar amount of total return = $44.2 + (-$390)
Dollar amount of total return = -$345.80
Answer:
1. Inflation is best described as _____.
- an upward, general trend of prices in the economy
2. Which of the following scenarios illustrates cost-push inflation?
- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.
3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.
- 2.4%
4. The Consumer Price Index of any given year provides _____.
- the relative price of a basket of consumer goods as compared to base year prices
5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.
- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation
Explanation:
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Answer:
And we can solve for y and we got:
And using condition (1) we can solve for x and we got:
So then the minimum cost for this case would be:
Explanation:
For this case the graph attached illustrate the problem for this case
We know that the total area is 60000, so then we have:
If we solve for x we got:
(1)
Now we can define the cost function like this:
We can use the condition (1) and if we replace in the cost function we have:
Since we need to minimize the cost, we can derivate the function in terms of y and we got:
And we can solve for y and we got:
And using condition (1) we can solve for x and we got:
So then the minimum cost for this case would be:
Answer: a. 10%
b. -30%
Explanation:
a. What is the percentage change in the price of milk?
Old price = $5.00
New price = $5.50
Percentage change = ($5.50 - $5.00)/$5.00 × 100
= 0.50/5.00 × 100
= 1/10 × 100
= 10%
Percentage change on price = 10%
b. What is the percentage change in the quantity demanded for Boo Berry Cereal?
Old quantity = 1000
New quantity = 700
Percentage change = (700 - 1000)/1000 × 100
= -300/1000 × 100
= -30%
The percentage change in the quantity demanded for Boo Berry Cereal is -30%.
