Answer:
The journal entry for the issuance of the common stock is shown below:
Explanation:
Cash A/c.............................................Dr $33,000
Common Stock A/c........................Cr $30
Paid in Capital A/c...........................Cr $32,970
Working Notes:
Cash = Number of shares × Issue Price
= 3,000 × $11
= $33,000
Common Stock = Number of Shares × Par Value
= 3,000 × $0.01
= $30
Paid in Capital = Cash - Common stock
= $33,000 - 30
= $32,970
Answer:
The net cash movement is -$19 million, this means that the firm is facing liquidity challenges.
Explanation:
Movement of Cash during the year :
Net cash flow from operating activities -$89 million
Net cash flow from investing activities $42 million
Net cash flow from financing activities $28 million
Movement during the year -$19 million
Conclusion,
The net cash movement is -$19 million, this means that the firm is facing liquidity challenges.
Answer:
D. Earn short run economic profits
Explanation:
A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.
This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.
Hence, firms colluding earn short run economic profits.
If marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost
The Average Variable Cost:
<h3>What is Marginal Cost?</h3>
This refers to the total production cost change which is associated with the production of one unit of utility.
With this in mind, we can see that if the marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost would decrease and the average variable cost would increase.
Read more about marginal cost here:
brainly.com/question/11689872
To improve its standard of living,
a nation’s economy must reach economic equity. It is important that everyone
has the capability to access basic services and amenities in a country. Such
access is an indicator or a person’s ability to earn wealth.
