If your consumption function looks like C=$97+.92Yd and your disposable income is 100 then your savings is

What are the four types of competitive situations

Goshia [24]

Economists have identified four types of competition. Perfect competition, monopolistic competition, oligopoly, and monopoly.

5 0

3 years ago

On January 1, 2020, XYZ Co. issued a bond with a $400,000 par (face) value. The bond is a 5-year bond and will mature on Decembe

Genrish500 [490]

Answer:

The journal entry to record issuance of the bond would be:

Debit : Cash $382,942.

Credit : Bonds Payable $382,942.

Explanation:

At Issuance of Bonds, we recognize the Cash Asset and the Liability Bond Payable at the Issue Price of the Bond instead of Face Value.

The Issue Price is also known as the Present Value or Current Price of the Bond and for this question this was given as $382,942.

4 0

3 years ago

On January 1, 2020, Swifty Corporation issued $4,360,000 of 10-year, 7% convertible debentures at 104. Interest is to be paid se

meriva

Answer:

Explanation:

Issue price of Bonds = 4360000*104%=4534400

Face value of Bonds = 4360000

Premium on bonds = 174400

31-Dec-21

Dr Interest Expense $161,320

Premium on Bond Payable ($1,744,00/20) $8,720

Cash ($4360000*7%/2) $152,600

01-Jan-22

Dr Bond Payable $436,000

Dr Premium on Bond Payable (174400-174400/20*4)*10% $13,952

Dr Common Stock (436000/1000*8*100) $348,800

Cr Paid in capital in excess of par $101,152

31-Mar-22

Dr Interest Expense $7,194

Dr Premium on Bond Payable (13952/8*3/12) $436

Cr Interest Payable (436000*7%/12*3) $7,630

Dr Bond Payable $436,000

Dr Premium on Bond Payable $13,952

Cr Common Stock $348,800

Cr Paid in capital in excess of par $101,152

30-06-2022

Dr Interest Expense $115,104

Dr Premium on Bond Payable (174400*80%)/20 $6,976

Cr Interest Payable $7,360

Cr Cash (4360000*80%*7%/2+7360) $129,440

8 0

4 years ago

I need ideas for my new rap song

Vlada [557]

Sing about what you did to get to where you are now, it helps people understand why u starting rapping, many do it to cope with pain. But hey wish you luck!!

5 0

3 years ago

At its inception, Peacock Company purchased land for $50,000 and a building for $220,000. After exactly 4 years, it transferred

Viktor [21]

Answer:

Selvick company should record the building at $220,000 and accumulation depreciation of $44,000

Explanation:

The computation of deprecation is shown below:

Depreciation = (Original cost - salvage value) ÷ useful life

where,

Original cost is $220,000

Salvage value is 0

And, the useful life is 20 years

Now put these values to the above formula

So, the answer would be equal to

= $220,000 - 0 ÷ 20

= $11,000

And, the accumulated depreciation would be

= Depreciation × number of years

= $11,000 × 4

= $44,000

we ignored other information which is given in the question, as we have to compute the depreciation through Straight line method.

Hence, Selvick company should record the building at $220,000 and accumulation depreciation of $44,000

7 0

3 years ago