Answer and Explanation:
The journal entries are shown below:
On Jan 1, 2014
Unearned compensation Dr. $45,000
To paid in capital in excess of par $35,500
To common stock $9,500
(Being the unearned compensation is recorded)
On Dec 31,2014
Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)
To unearned compensation $15,000
(Being one year compensation became due is recorded)
The correct option is CREDIT UNION.
A debt funding source refers to a loan provided by an external lender such as banks, building society or credit unions. These establishments allow business men to borrow money to finance their businesses. Each loan usually has its own terms and conditions under which the contract is made. <span />
Answer:
A shift in the demand curve will create a new equilibrium point.
Those who voluntarily purchase the generators believe them to be worth the marked-up price.
The effect of price ceilings is to make behavior like the entrepreneur’s illegal.
Explanation:
As after hurricane there is a necessity to buy the generators, accordingly the demand for the generators increase and so does the price, therefore, there is a new equilibrium.
And as there is need, people voluntarily buying it would definitely feel it worth to spend and pay such exaggerated price.
If there will be price ceilings then the entrepreneur will try to sell the generators at high prices illegally because he need to get the margin.
Although there will be no surplus even in case of price ceilings as it is a need people will buy and the stock will be sold at last.
