Answer:
$692,000
Explanation:
The computation of cost of renovating is shown below:-
Cost of renovating = Salary dropped + Owned money + Borrow money + Total interest
= $50,000 + $200,000 + $400,000 + ($700,000 × 6%)
= $50,000 + $200,000 + $400,000 + $42,000
= $692,000
Therefore for computing the cost of renovating we simply applied the above formula.
Answer:
d.$24,000
Explanation:
Given that
Issuance of common stock = $32,000
Number of shares = 2,000 shares
Stated value per share = $12 per share
By considering the above information
The common stock would be credited for
= Number of shares × Stated value per share
= 2,000 shares × $12 per share
= $24,000
Hence, the correct option is d. $24,000
Answer:
Cash accounts. The traditional brokerage account is a cash account, which also is known as a Type 1 account. ...
Margin accounts. You don't have to have as much cash on hand to buy stock when you open a margin account. ...
Options. ...
IRAs and other retirement accounts.
Explanation:
A monopolistically competitive firm may earn abnormally high profits in the short term. Monopolistically competitive firms then typically end up with zero profits long term. Monopolistic competition typically charges more than average cost for the item with a shortage of goods produced.