In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?

A corporation sold 1,000 shares of its $2.00 par value common stock for $10.00 per share and later repurchased 100 of those shar

boyakko [2]

Answer:

Option B. Treasury Stock for $1,200

Explanation:

The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:

Dr Cash Account $10,000

Cr Common Stock $2,000

Cr Paid In Capital $8,000

But when 100 shares were repurchased at $12 per share, then the accounting treatment would be

Dr Treasury Stock $1,200

Cr Cash Account $1,200

So the correct option is option B.

5 0

3 years ago

To verify the quality and integrity of completed visuals ask yourself all of the following questions, except

kupik [55]

In order to verify the quality and integrity of completes visuals, you should NOT ask yourself the question “Is the visual doing the job?”

<span>One needs to ensure visual and textual flow in order to have successful integration with text involves for decisions.</span>

7 0

3 years ago

Read 2 more answers

When teaching new vocabulary, how many times should you encourage the student to repeat the word back to you?

hram777 [196]

Answer: Repeat little and often. It's alarming how quickly students can forget vocabulary. Encouraging students to focus on new vocabulary daily is the best way to make it stick. It doesn't have to involve sitting down for hours; little and often will help get vocabulary into students long term memory.

3 0

3 years ago

Analyze and describe how the fluctuating global market, organizational structure, and the technology revolution have impacted th

Lesechka [4]

<span>One result of the global economy is that trade between the United States and other countries has decreased. </span>

3 0

3 years ago

Nair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apar

Ivahew [28]

The determination of the transaction price for this contract for Nair Corp. is as follows:

Completed by Probability:

Date Probability Bonus/Penalty Outcome

August 1, 2015 70% $150,000 $105,000 ($150,000 x 70%)

August 8, 2015 20% $50,000 -10,000

August 15, 2015 5% $50,000 -2,500

After August 15, 2015 5% $50,000 -2,500

Total expected value of performance bonus = $135,000

Contract value = $1,000,000

Total transaction price = $1,135,000 ($1,000,000 + $135,000).

<h3>What is a transaction price?</h3>

A transaction price is the amount of consideration expected to be paid or received for the exchange of goods or services.

A transaction price can vary based on timing or performance factors.

<h3>Data and Calculations:</h3>

Contract value = $1,000,000

Performance bonus = $150,000

Penalty per week in performance bonus = $50,000

The total transaction price is <u>$1,135,000</u>.

Learn more about contract transaction prices at brainly.com/question/984979

4 0

2 years ago