Explanation:
According to the accounting cost method , the reissuance of the treasury stock would be credited to the additional paid in capital which represents the remaining amount i.e deduct $120,000 from the $190,000
And, the net income for the year 6 is
= Increase in assets - Increase in liabilities - Increase in capital stock - Increase in additional paid in capital + Dividend payment
= $356,000 - $108,000 - $240,000 - $24,000 + $52,000
= $36,000
Answer:
The answer is A.
Explanation:
Other things remaining equal, the law of demand says that the higher the price, the lower the quantity demanded and the lower the price the higher the quantity demanded.
Suppose a good is being sold at $5 and 20 quantities are being demanded, if the price increases to $6, lesser of that goods should be demanded
Answer:
Monthly deposit= $840.74
Explanation:
Giving the following information:
Number of periods= 26*12= 312 months
Future Value= $1,500,000
Interste rate= 0.11/12= 0.0092
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,500,000*0.0092) / [(1.0092^312) - 1]
A= $840.74
