Answer: B) The supply of goods like clothes will decrease.
Explanation:
All else being equal, the local retail market for clothes will see a reduction in supply for clothes. This is simply as a result of less shops offering clothes than before because some have closed down as they couldn't keep up with online retail stores.
For example, the entire supply of Jeans for the town of Jeanophia were from 5 stores with each selling 5 jeans. 3 stores have closed down due to competition from jeanyjeans.com and now only 2 stores are open which has reduced the supply from 25 jeans to 10 jeans.
Based on the above scenario, the production function is Y=K1/3L1/3H1/3.
<h3>What is production function?</h3>
The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.
Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital is Y=K1/3L1/3H1/3.
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Answer:
b. decrease no effect
Explanation:
When the treasury stock is repurchased and at a premium. That is the price more than the par value, the excess is debited to the additional paid in capital account as this is the account used to fund the additional amount required to pay the differential.
Retained earnings on the other hand are unaffected by this transaction as long as the company has enough funds in the paid in capital account to complete the transaction.
Total paid in capital will decrease
Retained earnings will have no effect
Hope that helps.
Answer:
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
Explanation:
Journal entries
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
(Issue price of $461,795 - par value of $450,000) =$11,795
