All categories

4 years ago

For the current year ended, ABC had the following transactions:

Business

1 answer:

ioda4 years ago

5 0

Answer:

Explanation:

Base on the scenario been described in the question, the correct answer is: 20,000– Common Stock, 235,000– Retained Earnings, 100,000– Additional Paid in Capital - Common Stock, $150,000– Preferred Stock, 550,000– Total Stockholders Equity, 60,000– Additional Paid in Capital - Preferred Stock.

You might be interested in

Which of the following layouts seeks the best personnel and machine utilization in repetitive or continuous production? A. Pro

Nat2105 [25]

Answer: Product-oriented layout

Explanation: The product-oriented layout is a production procedure where the materials and tools are located at the assembly lines.

This layout reduces the cost and time used in the handling of machines whereby optimizing the use of space. The product-oriented layout is mostly used when the same products are made without differences.

5 0

3 years ago

An increase in interest rates affects aggregate demand by A. shifting the aggregate demand curve to the left, reducing real GDP

Sergio039 [100]

Answer: B. shifting the aggregate demand curve to the right, increasing real GDP and lowering the price level.

Explanation: A low interest rate increases the demand for investment as the cost of investment falls with the interest rate. Thus, a drop in the price level decreases the interest rate, which increases the demand for investment and thereby increases aggregate demand.

7 0

3 years ago

How does the federal government's fiscal policy affect the U.S. economy?(1 point)

MrRissso [65]

Answer:

I think its d

Explanation:

Want my number I bored

4 0

2 years ago

When the economy goes into a recession and firms require less labor, managers tend to?

kozerog [31]

Fire workers or decrease hours of labour

4 0

3 years ago

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

Mamont248 [21]

The future amount in the account (Roth IRA) is equal to: D. $180,488. 86.

<u>Given the following data:</u>

Principal = $4,291

Interest rate = 2.23%

Time = 30 years

To determine the future amount in the account:

Mathematically, the compound interest for this Roth IRA is given by the formula:

$A = \frac{P(1\;+\;r)^t -1}{r}$

<u>Where:</u>

P is the principal.

r is the interest rate.

t is the number of years.

A is the future amount.

Substituting the given parameters into the formula, we have;

$A = \frac{4291(1\;+\;0.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.93798684094 -1}{0.0223}\\\\A = \frac{4291(0.93798684094)}{0.0223}\\\\A = \frac{4024.901534474}{0.0223}$

A = $180,488.86

Read more on compound interest here: brainly.com/question/25263325

6 0

3 years ago