Answer:
retained earnings 40,000 debit
common stock 8,000 credit
additional paid-in Common Stock 32,000 credit
Explanation:
shares issued:
800,000 shares x 5% = 4,000 new shares
face value of the shares
4,000 x $2 = 8,000
market value 4,000 x $10 = 40,000
additional paid-in 40,000 - 8,000 = 32,000
we decrease retained earnings and increase the euqity account to balance.
He made the decision to try the lawn care business for three months because he was unable to find a job with a suitable compensation. James spent $1,160 on a used pickup truck on June 1 after researching the market. He painted "James Cook Lawn Service, Phone 471-4487" on each door. Additionally, he spent $680 on tools, trimmers, and mowers. He signed a note payable agreeing to pay the $2,520 borrowed plus interest of $65 at the end of the three months in order to purchase these products (ending August 31). We can determine James' profit for the summer
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Answer:
Consumer Price Index for Urban Wage Earners and Clerical Workers
1. You will get $16,875.
Explanation:
a) Data:
Last year's Medicare allowance = $15,000
CPI last year = 144
CPI this year = 162
Calculation:
This year's Medicare allowance = $16,875 ($15,000/144 x 162)
Another way of working out this year's allowance for my grandmother is to calculate the percentage increase. This amounts to an increase of 12.5% (162 - 144)/144
This shows that the CPI increased by 12.5% and the Medicare allowance will also increase by 12.5%
Thus, the Medicare allowance for this year will be $16,875 ($15,000 x 1.125)
Answer
i and ii
Explanation:
they provide goods (i)
because they are small it can be personalised
Answer:
$300
Explanation:
The total value gained V is given by sum of the value gained when buying the book (B) added to the value gained when selling the book (S).
The value gained at purchase is given by the difference between the willingness to pay and the actual amount paid:
The value gained when selling the book is given by the difference between the amount received from selling and the value of keeping the book:
The total value gained is:
You have gained $300 in total value.
