Answer:
The journal entry is as follows:
Cash A/c Dr. $51.45
To Paid in capital in excess of par value A/c $51.42
To Common shares A/c $0.03
(To record the sale of the shares)
Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.
Workings:
Cash = Shares sold × shares closing price
= $3 million × $17.15
= $51.45 million
Common shares = Shares sold × Par value per share
= $3 million × $0.01
= $0.03 million
Paid in capital in excess of par value = Cash - Common shares
= $51.45 - $0.03
= $51.42
Answer:
a. mostly cigarette buyers.
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.
Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.
Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.
A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.
Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.
Answer:
Study skills, academic skill, or study strategies are approaches applied to learning. They are generally critical to success in school, considered essential for acquiring good grades, and useful for learning throughout one's life.
<em>I</em><em> </em><em>don't</em><em> </em><em>know</em><em> </em><em>if</em><em> </em><em>that</em><em> </em><em>was</em><em> </em><em>the</em><em> </em><em>answer</em><em> </em><em>you</em><em> </em><em>were</em><em> </em><em>looking</em><em> </em><em>for</em><em>.</em><em>.</em><em> </em><em>but</em><em> </em><em>that's</em><em> </em><em>the</em><em> </em><em>best</em><em> </em><em>I</em><em> </em><em>can</em><em> </em><em>do</em><em>.</em>
Answer:
THINKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
Explanation:
Answer:
A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.
Explanation:
Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.
For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.
Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.
