Answer:
$27,600
Explanation:
Amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend:
= Shares issued * Percentage of stock dividend * Market price
= 46,000 shares * 2% * $30
= 46000*0.02*$30
= $27,600
Answer:
<em>A. True</em>
Explanation:
<em>Aggregate demand</em> refers to the desire and the will to purchase a specified quantity of all the final goods and services produced in a country at a specific price level at different points of time.
An<em> aggregate demand curve is downward sloping</em>, implying increasing demand at lower price levels and decreasing demand at higher price levels.
<em>Aggregate demand = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Exports (NX) = GDP at market price</em>
C represents the consumption goods demand by individuals and households.
I represents the private corporate spending on investments in fixed capital assets like plant and machinery and equipments etc.
G represents the government expenditure for the people like on building parks and dams etc and social assistance programmes.
NX represents the exports minus imports.
Hence, we can see that Aggregate Demand accounts for the measure of all the final goods and services produced domestically in a country and <em>thus is the sum of all demand curves of all goods and services in the economy. </em>
Answer:
$894,336
Explanation:
The computation of the present worth of two contracts is shown below:
= (Stable income × PVIFA at 3 years for 10%) + (Signed amount × PVIFA at 2 years for 10%) × PVF at 3 years for 10%
= ($260,000 × 2.4869
) + ($190,000 × 1.7355
) × 0.751314801
= $646,594 + $329,745 × 0.751314801
= $894,336
Refer to the PVIFA table and the discount factor table so that the correct amount could come
Answer:
$267,000
Explanation:
Total manufacturing cost refers to the sum of all expenses incurred by a firm in the production process in a period. Total manufacturing cost is compared with total revenue to determine profitability. The calculation of total manufacturing involves additional direct materials, direct labor, and overhead costs.
Therefore, total manufacturing cost = Direct materials +Direct labor + overhead costs.
For crane company:
$390,000= $59,000 + $ 64,000 + direct labor
= $390,000= $123,000 + direct labor
=Direct labor =$390,000-$123,000
=$267,000