The term inferior goods refers to goods that consumers demand less of when their incomes increase. The demand of this good would also decrease when the real GDP of the country increases. This would happen when a good would have a substitute that has more cost or price which would have an increase its demand as the people improve their income. An example would be coffee. A coffee from Mcdonald would be inferior to the coffee that is from Starbucks. When a person's income decrease, he would tend to buy coffee daily from McDonald since it is more affordable as compared to Starbucks. However, when his income rises, he would be preferring the one from Starbucks.
Answer:
Net capital gain = $1,400
Net ordinary income = $300
Explanation:
Long term Capital gain = $1,400 from sale of stock since it was hold for 2 years (more than 1 year)
Ordinary gain = $1,100 - $800 = $300 since automobile was 6 months old and equipment had zero basis
Answer:
Dr Cash 2,982,557
Dr Discount on bonds payable 217,443
Cr Bonds payable 3,200,000
Explanation:
Preparation for the bond issuance Journal entry
Since we were told that the Company has par value of the amount of $3,200,000 and the bond selling price of $2,982,557 which means the bond issuance should be recorded as:
Dr Cash 2,982,557
Dr Discount on bonds payable 217,443
(3,200,000-2,982,557)
Cr Bonds payable 3,200,000
<h2>
We can work on the efficient way after justifying with proper reason to the experienced associate.</h2>
Explanation:
Though the question is incomplete, I can understand what is actually expected and then providing solution from my point of view.
When you feel that your idea is better,
- Calm down yourself to prepare for conversation
- Place a request to the experienced associate to hear your view
- Justify how your way is better than the view of experienced associate
- Make sure that you do not dominate and give respect to his / her age
- Be prepared for the cross question raised by the associate
- Convey about the outcome achieved clearly
- Use the right vocabulary
- Be strong in what you want to convey and the same should not lead to conflict
A city issues five-year bonds payable to finance construction of a new school Tax anticipation notes are recorded as liabilities in both the FFS and GWFS.
To account for bonds payable to finance value of long-lived belongings offered with particular funds. what is the cause of business enterprise budget To account for operations that offer offerings to other departments inside a central authority.
An organization fund identifies the overall direct and indirect prices to offer the carrier and the sources and amounts of sales that support the service for which a rate is charged in alternate for service.
Account for the ones styles of sales which might be legally limited to being spent for a selected motive besides for expendable trusts or main capital initiatives. those sales ought to be accounted for one by one from the general Fund for a ramification of reasons.
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