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NARA [144]
3 years ago
5

alifornia Surf Clothing Company issues 1,000 shares of $1 par value common stock at $32 per share. Later in the year, the compan

y decides to purchase 100 shares at a cost of $35 per share. Record the purchase of treasury stock.
Business
1 answer:
atroni [7]3 years ago
5 0

Answer:

  • Record the purchase of treasury stock.

Treasury Stock $3,500 - CREDIT

Cash $3,500  - DEBIT

Explanation:

If the company purchase the shares and keep it in the company the journal entry it's as detailled, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

The total shares purchases are 100 * $35 = $3,500.

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Honda's new electric unicycle is very unique. It is steered by the rider leaning, computer stabilized through control of its sin
Semenov [28]

Answer: Honda could get a lot of notice as innovative company

Explanation:

From the question, we are informed that Honda's new electric unicycle is very unique and that it is steered by the rider leaning, computer stabilized through control of its single crabbing wheel.

It also has a range of about 3 miles at 3 miles per hour, takes n hour to recharge and only weighs 25 pounds, so it can be carried while the cost would be about $2000.

The only good reason to produce this would be that people and every other organization will notice Hinds as being a company that is innovative. This will be advantageous for its brand.

5 0
3 years ago
The following is a list of accounts commonly seen in financial statements. Identify whether each account appears on the balance
Anastasy [175]

Answer:

Balance sheet:

Accounts Payable -Liability

Property, Plant. and Equipment -Asset

Long-Term Debt-Liability

Retained Earnings-equity account

Prepaid Expense -Asset

Common Stock -equity account

Accounts Receivable-Asset

Income statement:

Cost of Goods Sold-expense

Research and Development-expense

Explanation:

Property, plant and equipment , accounts receivable and prepaid expenses would appear on the asset side of the balance sheet.

Long-term debt and accounts payable are both liabilities since they are obligations owed to third parties while retained earnings and common stock are both equity account

Lastly,cost of goods sold and research and development cost are expenses in the income statement

3 0
3 years ago
The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050);
zimovet [89]

Answer:

Percentage of Personal consumption expenditures is 70.07%

Explanation:

The most common way to measure the national income account is gross domestic product (GDP)

GDP = C + I + G + (X – M) or

GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

government purchases ($1,050) is government spending

personal consumption expenditures ($4,800) is private consumption

imports ($370)

exports ($240)

gross private domestic investment ($1,130) is gross investment

GDP = $1,050 +$4,800+$1,130+$240-$370=6.850

Personal consumption expenditures proportion  is $4,800/6.850=0,7007

in %= 70.07%

3 0
3 years ago
Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru? product mark
pogonyaev

The type of market is the one in which a person buys stock in type fast food company is Financial market.

What is Financial market?

Any location or system that gives buyers and sellers thew ability to trade financial assets such as bonds, shares, the various international currencies, and derivatives , is referred to as a financial market.

Why is financial market important?

  • Markets provide finance for companies so they can hire, invest and grow.
  • They provide money for the government to help it pay for new roads, schools and hospitals.
  • They can help lower the costs you face buying food at the super market, taking out a mortgage or saving for your retirement.

Learn more about financial market here:

brainly.com/question/19733618

#SPJ4

4 0
2 years ago
Need Help ASAP!!!
svetlana [45]
Q: What was the central point that Bastiat was trying to make in his imaginary petition of the candle makers? A: <span>The "Candle Maker's Petition" is a satire of protectionist </span>tariffs<span> written the by great French economist, </span>Frederic Bastiat.
<span>
Q:</span><span>Do you agree with Bastiat? A: this is an opinion. no right or wrong.

Q:</span><span>Why or why not? How does this argument relate to current arguments about free trade? A: Again your opinion if needed for this responce.
</span>

5 0
3 years ago
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