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stealth61 [152]
3 years ago
10

2. If the government decided to subsidize the production of a good, the result would be a decrease in the equilibrium price and

an increase in the equilibrium quantity of that good. T/F
Business
1 answer:
kogti [31]3 years ago
5 0

Answer: True

Explanation:

The subsidy will increase the supply of the good, and therefore the supply curve will shift to the right. Then its intersection with the demand curve will be located at a lower price and with a larger quantity.

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3 years ago
H. Tillman performed legal services for J. Laney. Due to a cash shortage, an agreement was reached whereby J. Laney. would pay H
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Answer:

The journal entry for J. Laney. to record this transaction is:

Legal Expenses $13,920 (debit)

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Explanation:

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The Common stocks issued are measured at the price required to settle the legal expenses and are paid in excess of par value of $1.

Share Premium = ($4.80 - $1.00) × 2900 shares

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8 0
3 years ago
Following are transactions for Vitalo Company. Nov. 1 Accepted a $12,000, 180-day, 8% note from Kelly White in granting a time e
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Answer:

Interest amounts at December 31st = $80

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Explanation:

Total interest amount = $6,000 * 8% = $480

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Interest amounts at December 31st (Nov. 1 - Dec. 31) = (60/360) * $480 = $80

Interest amounts at April 30th (Jan.1 - Apr. 30) = (120/360) * $480 = $160.

6 0
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Read 2 more answers
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Answer:

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Answer:

The answer is: B) In Boravia when the economy is strong, those who might otherwise go camping tend to take vacations overseas.

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7 0
3 years ago
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