Answer:
The Constitution
Explanation:
In the United States, Article I, Section 8 of the Constitution gives Congress the power to "lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States. This is also referred to as the "Taxing and Spending Clause."
Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Explanation:
Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.
It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.
Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.
Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.
Based on the information given we were told that the cash amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.
Therefore the correct journal entry to record the transaction is:
Debit Cash $100,000
Credit Bonds payable $100,000
(To record bonds payable)
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Answer: 20 units.
Explanation:
Given that,
Inverse demand curve: P = 420 - 2Q
There are five firms and each of the firm has a constant marginal cost.
Marginal cost (MC) = 20
Profit maximizing output is produced by the firms is at a point where the marginal cost is equal to marginal revenue.
P = 420 - 2Q
Total revenue(TR) = PQ
= 420Q - 2
Differentiating TR with respect to 'Q'
Marginal revenue(MR) = 420 - 4Q
MR = MC
420 - 4Q = 20
Q = 
Q = 100
Therefore, output produced by the industry is 100 units.
Per-firm production = 
= 
= 20 units
Hence, each firm produces 20 units.
Answer:
(US)$136,36
(CA)$154
NO
NO
Explanation:
Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)
U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36
Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154
Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:
$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)
The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))
Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:
$136 + $5 = $141
The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))
