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astra-53 [7]
3 years ago
10

A company sold 10,000 shares of its common stock at par value for a total of $45,000. What two accounts are affected by the tran

saction?
Business
1 answer:
noname [10]3 years ago
8 0

Answer:

Cash and contributed capital

Explanation:

The journal entry to record the sale of common stock is shown below:

Cash A/c Dr $45,000

   To Common stock A/c $45,000

(Being the common stock is sold)

For recording this transaction, we debited the cash account as the sale is made which increases the asset and credited the common stock account because the common stock is sold which reduces the equity balance.

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A consumer equilibrium is a situation in which a consumer has allocated​ _____ of her income in a way that​ _____. A. ​all; maxi
ludmilkaskok [199]

Answer:

The correct answer is (D) all, maximizes her total utility.

Explanation:

Consumer's equilibrium is a defined as a situation in which an individual uses his or her money to buy goods in a manner in which the person obtains the highest satisfaction and has no need for a change in the level of consumption on account of the price of the product.

Consumer equilibrum enables an individual to obtain complete satisfaction from his or her money. Consumer equilibrum is found by comparing the ratio of the marginal utility to the price of a commodity.

3 0
3 years ago
Read 2 more answers
A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains
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B. Onion, celery, and bell pepper!
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3 years ago
Larry’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $32,000 per year forever.
Harman [31]

Answer:

$444,444.44

Explanation:

Larry's life insurance corporation is trying to sell an investment policy that will pay you and your heirs a total amount of $32,000 per year

The required return on this investment is 7.2%

= 7.2/100

= 0.072

Since the cash flow is a perpetuity then, the amount that will be paid for the policy can be calculated as follows

PV= C/r

= $32,000/0.072

= $444,444.44

Hence the amount of money that will be paid for the policy is $444,444.44

4 0
3 years ago
Suppose that the following group of values has been entered into the TVM
Nezavi [6.7K]

The bal() function that is going to balance the loan after a period of 9 years would be  A. bal(108)

<h3>How to solve for the bal() function</h3>

The question tells us that the loan balance would be calculated after the period of 9 years.

We have 12 months yearly in all of these 9 years.

Hence the function would be bal(12*9)

= bal(108)

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2 years ago
10 . What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource,
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Answer:

Common resource

Private Good

Public Good

Explanation:

A common resource would be any limited commodity, including such water or farmland, which offers tangible advantages to consumers but which no one in specific owns or has sole rights to.

Private commodities are items that must be bought in order to be eaten, and one person's consumption forbids another individual from purchasing them.

Public good can contribute to: social interest, an useful that is both non-exclusive and non-rival.

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3 years ago
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