Answer:
$115,000
Explanation:
January 5 - As the shares are $10 par common stock, the additional paid in capital per share is $(15 - 10) = $5.
Therefore, additional paid-in capital for 20,000 shares × $5 = $100,000
July 14 - There is no additional paid-in capital as there is no issuance of stock.
December 27 - As the shares are purchased at the rate of $17 par treasury stock, the additional paid in capital- treasury stock per share is $(20 - 17) = $3.
Therefore, additional paid-in capital- Treasury stock for 5,000 shares × $3 = $15,000
Total additional paid-in capital accounts = $100,000 + 15,000 = $115,000
Answer:
The correct answer is: unemployment and inflation are negatively related. In the long run they are largely unrelated problems.
Explanation:
According to the Philips curve, in the short run, inflation and unemployment rate are inversely related. This implies that when inflation decreases, the unemployment rate increases.
This is indicated by the downward-sloping Phillips curve. When the government adopts a contractionary policy to reduce inflation, unemployment will increase.
In the long run, the Phillips Curve will be a vertical line at the natural rate of unemployment. The inflation rate is not related to the unemployment rate in the long run.
Answer:
$3,400
Explanation:
Out of five day workweek, accounting period ends on Thursday which indicates that employees work only for 4 days. Therefore, salaries are earned only for 4 working days and unpaid at the end of the accounting period
Salaries earned but unpaid= 4 working days * $850 per day = $3,400
Hence, salaries earned but unpaid at the end of the account period is $3,400
You would have to either make them pay another installment.
Answer:
offering a wide range of products
Explanation:
