Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $27,300
(1,300 × $21)
To Common Stock $1,300
To Paid in capital in excess of par-Common Stock $26,000
(Being issue of common stock is recorded)
2.Treasury stock Dr, $5,000
(250 × $20)
To Cash $5,000
(Being repurchase of treasury stock is recorded)
3. Cash Dr, $6,750
(250 × $27)
To Treasury stock $5,000
(250 × $20)
To Paid in capital-Treasury stock $1,750
(Being reissue of treasury stock is recorded)
Answer:
What do capital controls prevent?
Speculators from rushing into and out of a country's market and
disrupting its economy.
Explanation:
Capital control entails when a body that regulates money in a country controls the cash inflow and outflow
Answer: $4,650 Tax Credit
Explanation: Green Corporation is entitled to file for a work opportunity credit as it has given work opportunities to workers with significant barriers to employment.
Green Corporation is entitled to get 40% on wages paid per year on workers who worked for at least 400 hrs and 25% for at least 120 hrs
Green Corporation had 2 sets of workers in this category and they are:
Set 1 worked 400 hrs and are paid $8,500
Set 2 worked 300 hrs and are paid $5,000
to get the work opportunity credit for 2019:
$8,500 * 40%+ $5,000 *25% = $3,400+$1,250= $4,650
Based on the information given for her to complete her letter, she must deposit D) $12,000.
<h3>
Deposit:</h3>
Using this formula
Deposited amount=Amount invested-Original investment
Where:
Amount invested=$25,000
Original investment=$13,000
Let plug in the formula
Deposited amount=$25,000-$13,000
Deposited amount=$12,000
Inconclusion for her to complete her letter, she must deposit D) $12,000.
Learn more deposit here:brainly.com/question/1752098
Answer:
Consider the following explanation
Explanation:
a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.
b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.
c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.
d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.
e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.
