Answer:
The correct answer is (d)
Explanation:
Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.
Answer:
D is not correct statement.
Explanation:
The statement which is not correct is d. the stockholders are required to pay taxes on dividends even if they are to be reinvested. So this statement is not correct and the rest all statements are correct for example, statement a is correct because when there is stock split then the number of outstanding stock will increase where as price per share will fall because there will be more number of stock for 1 stock. Statement b is also correct because usually when there is stock repurchase it signals company management that the stock is undervalued.
Answer:
b. debit Interest Expense, $200; credit Interest Payable, $200.
Explanation:
Journal entry to record the adjusting entry for November 30 for the interest-only as principal and interest will be paid on May 1.
November 30 Interest expense Debit $200 (note 1)
Interest Payable Credit $200
Note 1: Interest expense for one month = $30,000 × 8% × (1 ÷ 12) = $200
Since interest expense has not been paid and incurred only for one month, a liability account, i.e., interest payable, will arise.
Answer:
The amount that will appear for Supplies in the Adjustments section of the end-of-period spreadsheet is <u>$1,500</u>.
Explanation:
Given:
Supplies had a beginning balance of $4,000. A physical count at the end of the accounting period revealed $2,500 supplies on hand.
Now, to find the amount that will appear for Supplies in the Adjustments section of the end-of-period spreadsheet.
As, given in the question:
<em>Beginning balance of Supplies = $4,000.</em>
<em>Supplies on hand = $2,500.</em>
So, to get the amount of adjustment Supplies on hand should be subtracted from the beginning balance of Supplies:
Therefore, the amount that will appear for Supplies in the Adjustments section of the end-of-period spreadsheet is $1,500.
11.68 $ a month, i believe thats the answer, if not its pretty close...
