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3 years ago

Which is an effect of stagflation?

Business

1 answer:

egoroff_w [7]3 years ago

3 0

Answer:

2) The value of a country's currency drops

Explanation:

Stagflation is an economic condition that is characterized by reduced economic activity, high unemployment, decline in GDP and rising prices of goods and services e.g. increase in inflation.

Increase in general price level of goods and services denotes reduction in purchasing power of the currency and thus reducing the value of the currency against other currencies.

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A[n] ___________ is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the

Phoenix [80]

Contract.

A contract is a legally binding agreement that controls the rights and responsibilities of the parties who agree to it.

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3 years ago

Emma Jones Company has the following information available: Account 12/31/2019 12/31/2018 Accounts Payable $76,500 $80,000

leonid [27]

Answer:

B. No.

Explanation:

The formula to compute the quick ratio is shown below:

Quick ratio = (Quick assets) ÷ (current liabilities)

where,

For 2018

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $49,000 + $70,000 + $44,000

= $163,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $80,000 + 5,000

= $85,000

Now put these values to the above formula

So, the ratio would equal to

= $163,000 ÷ $90,000

= 1.81 times

For 2019

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $42,300 + $43,700 + $27,000

= $113,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $76,500 + 2,000

= $78,500

Now put these values to the above formula

So, the ratio would equal to

= $113,000 ÷ $78,500

= 1.43 times

No, as it shows declining from 2018 to 2019

3 0

3 years ago

Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the min

Elan Coil [88]

Answer: D. Combining and individual fund financial statements.

Explanation: Annual financial Report, the most common of this set of reports issued are general purpose financial statements that include income statement, balance sheet, retain earnings and statement of cash flow. It is a financial statement of 12 consecutive months in a year.

There are items that will be include such as Combining and individual fund financial statements.

7 0

3 years ago

On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in ex- change for 12,500 shares of $25 pa

Georgia [21]

Answer:

Journal Entry to be recorded

DR. Land $475,000

Cr. Common stock $312,500

Cr. Add-in-capital common stock $162,500

Explanation:

Number of Shares = 12,500 shares

Share Market price = $38

Share Par Value = $25

Total value of property to be recorded= 12,500 x $38 = $475,000

Common stock value at par = 12,500 x $25 = $312,500

Add-in-Capital common stock value = $475,000 - $312,500 = $162,500

Property will be recorded as the total value of exchange which is $475,000. On other other hand the common stock value will be recorded in two parts common stock at par value and add-in-capital common stock over par value.

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3 years ago

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on Nov

ivann1987 [24]

Answer: The answer is as follows:

Explanation:

Journal entries are as follows:

For October 31:

Cash (400,000 × $18) $7,200,000

Common stock (400,000 × $10) $4,000,000

Paid in capital in excess of par value-common stock $3,200,000

( record of issuing common stock)

For November 19:

Cash (50,000 × $80) $4,000,000

Preferred stock (50,000 × $75) $3,750,000

Paid in capital in excess of par value-Preferred stock $250,000

( record of issuing preferred stock)

8 0

3 years ago