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3 years ago

The goal in networking with other business owners is to

1 answer:

4 0

The goal in networking with other business owners is to discover how you can help each on another. When you do networking with different business owners, you're trying to collaborate in order to make your both business very popular and boom in the market.

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Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att

LenaWriter [7]

Answer:

Following are the journal entries to this question:

Explanation:

Date account title Dr. Cr.

Mar.2 Incorporation expense $\$39,600$

Common Stock (Par value $=5000 \ Shares \times 7$ ) $\$35,000$

Paid in excess of par- Common Stock $(39600-35000)$ $\$4,600$

(Bein 5000 common shares Of par value $\$4$ each issued )

June. 12 Cash $\$519,100$

Common Stock (Par value $-63400\ Shares \times 7$ ) $\$443,800$

Paid in excess of par- common stock $(519100-443800)$ $\$75,300$ (Being 63400 common shares of par value $\$7$ each issued for $\$519100$ cash)

July-11 cash $2175\ shares\times \$130$ $\$282,750$

Preferred Stock (Par value $=2175\ Shares \times \$110$ ) $\$239,250$

Paid in excess of par- Preferred stock $(282750- 239250)$ (Being 2175 Prefered shares of par value $\$110$ each issued for $\$130$ each)

Nov. 28 Treasury Stock $\$83,500$

cash $\$83,500$

(Purchased 2,350 shares of treasury stock for $\$83,500$ ).

3 0

3 years ago

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely:________

Soloha48 [4]

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely decrease.

<h3><u>What is supply?</u></h3>

A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers.
When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
This is strongly related to the demand for an item or service at a particular price; all other things being equal, the supply offered by producers will increase if the price rises because all businesses aim to maximize profits.

Trends in supply and demand are what underpin the modern economy. Based on price, utility, and personal choice, any particular commodity or service will have its own unique supply and demand patterns.

Know more about supply with the help of the given link:

brainly.com/question/13296654

#SPJ4

7 0

2 years ago

Total Output Price Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67

mario62 [17]

At the profit-maximizing output, this firm's total profit will be $280.

<h3>Who is a monopolist?</h3>

A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70

Total profit = 70 x 4 = $280

To learn more about monopolies, please check: brainly.com/question/10441375

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3 years ago

Sequential games are used to analyze

djverab [1.8K]

Answer:

Situations in which one firm acts and other firms respond.

Explanation:

Sequential game refers to a game in a game theory in which one person or firm acts and other person or firm respond to this action. In this type of game, if there are two firms then one of the firm have to act first which means that second firm have some of the information about the first firm before acting.

Otherwise, there will be no significance of difference in time on the strategic effect.

8 0

3 years ago

On January 1, 2016, Pharoah Corporation acquired machinery at a cost of $1560000. Pharoah adopted the straight-line method of de

gladu [14]

Answer:

$218,400.

Explanation:

Depreciation is a method that is used by companies to allocate the cost of property, plant, and equipment over its useful life. The amount of depreciation is charged to P&L statements and is expensed out. The purpose of depreciation is incorporate the loss in the value of asset over time, also it is used for taxation purposes. There are two methods of depreciation:

1) Straight-line: The cost is allocated evenly over its useful life.

2) Reducing/Declining: Higher depreciation expense is charged in the initial years.

In this case, the company used the straight line method for first 3 years, that is from January 1, 2016 to December 31, 2018, and then switched to double declining method.

Calculation

Under straight line method, the depreciation expense is calculated as follows:

Depreciation Expense = (Cost - Residual value) / Useful Life

⇒ Annual depreciation expense = (1,560,000 - 0) / 10 = $156,000 OR 10%.

This amount will be charged to P&L statement each year. Since, the company has used straight-line method for three years, so the book value at the end of third year will be $1,092,000 [1,560,000 - (156,000 * 3)].

<u>Switching to Double-Declining Method</u>

The formula to be used for double-declining method is given below;

Depreciation = Book value period start * Straight-line depreciation rate * 2

⇒ Depreciation = 1,092,000 * .1 * 2 = $218,400.

3 0

3 years ago

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