Answer:
E) B and C
Explanation:
<em>
The missing word </em>"Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for $85,000"
Date Account Titles and Explanation Debit Credit
Cash $85,000
Common stock $25,000
(5000 shares x $5)
Paid-in capital in excess of par $60,000
Answer:
C. Debit Insurance Expense, dollar 4, 500; Credit Prepaid Insurance, dollar 4, 500
Explanation:
Date Account Title Debit Credit
Dec 31 Insurance expense $4,500
Prepaid insurance $4,500
($7,750-3,250)
Option C is correct.
Answer:
C. Beneficial
Explanation:
As Qing was upset about meeting with the lawyers where they could see risks everywhere and were very good at arguing their position. She strongly believed in her proposal. But after a long meeting, Qing and the lawyers worked out new contract language addressing each risk that they identified. In the end, the conflict was beneficial because both parties reached to some productive conclusion at the end and it was win-win situation for both parties. This conflict encouraged both parties in coming up with a solution on which both partied happily agreed as well and hence this conflict was proved fruitful.
When there is no government involvement in answering the three basic economic questions this is Market Economy.
Market
<u>Explanation:</u>
When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.
Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.
There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.
Answer:
1) 19 days
2) 109 days
Explanation:
1. Days of personal use = days in which he stayed in the house = 19
2. Days of rental use = actual days which was played for out days for elligible rent.
Where Fbr = favorite brother rent days = 11
Fbl = least favorite brother rent days = 12 days
Rfb = days of rent to friend = 14
Tpr = third party rent days = 72
Days of rental use = Fbr + Fbl + Rfb + Tpr = 11 + 12 + 14 +72 = 109days
