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77julia77 [94]
3 years ago
15

Nash's trading post, llc issues 2000 shares of $10 par value common stock at $11 per share. when the transaction is recorded, cr

edits are made to:
Business
1 answer:
Natasha2012 [34]3 years ago
4 0

Answer:

Credit common stock by 20,000

Credit additional paid in capital by 20,000

Explanation:

The par value of the share are $10 per share the number of shares are 2000 so initially we will credit common stock by (2000*10) = 20,000

Then we will credit the additional paid in capital by (11-10)*(2,000) =2000 as it is the additional money that we are getting on the par value.

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Under which condition does a country with a small GDP have a large per capita income?
Ket [755]
When it has a small population
5 0
2 years ago
Sheffield Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $145
Stells [14]

Answer: Debit Research and Development expense $477,000

Credit Cash $477,000

Explanation:

The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.

Based on the information given in the question, the journal entry for Sheffield Corporation will be:

Debit Research and Development expense $477,000

Credit Cash $477,000

8 0
2 years ago
According to keynesian views, what is government's role when it comes to the u. s. economy?
mezya [45]

Keynes proposed that the government spend extra cash and reduce taxes to turn a budget deficit, which could growth consumer demand inside the economic system.

Keynesians trust that, because charges are quite rigid, fluctuations in any element of spendin intake, funding, or authorities fees—cause output to alternate. If authorities spending increases, for instance, and all other spending components continue to be steady, then output will increase.

Keynes supported authorities intervention at some stage in instances of economic turmoil. a few of the theories he supplied in “fashionable concept” changed into that economies are chronically volatile and that complete employment is handiest viable with a lift from government coverage and public funding.

In line with Samuelson and other current economists, governments have four principal capabilities in a market financial system to boom efficiency, to provide infrastructure, to promote fairness, and to foster macroeconomic stability and growth.

Learn more about keynesian here:- brainly.com/question/23950967

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6 0
1 year ago
An asset having a four-year service life and a salvage value of $6,000 was acquired for $50,000 cash on April 5. Using straight-
Lana71 [14]

Answer:

the depreciation expense at the end of the first year, December 31 is $ 8,250

Explanation:

Straight line Method of Depreciation Charges the same amount of depreciation over the useful life of the asset.

Depreciation Charge = (Cost - Salvage Value) / Useful Life

Depreciation Charge = ($50,000-$6,000) / 4 years

                                   = $11,000

<u>Apportionment of Depreciation Charge</u>

<em>From April 5 to December 13 there are 9 months</em>

Therefore depreciation for the year is apportioned as follows :

Depreciation Charge = 9/12× $11,000

                                   = $ 8,250

3 0
3 years ago
A cruise ship with a mass of 1.00×107kg strikes a pier at a speed of 0.750 m/s. It comes to rest 6.00 m later, damaging the ship
pickupchik [31]

Answer: The required force = 4.7 x 105 N

Explanation:

Mass of the ship m = 1.00 x 107 Kg

Initial speed u = 0.750 m/s

Final speed v = 0 m/s

Average speed s =( 0.750 + 0) / 2 = 0.375 m/s

Time taken to bring the ship to rest t = \frac{distance}{speed}    

= \frac{6}{0.375}

= 16 s

Average force exerted on the pier F =\frac{m(v - u )}{t}

F  = \frac{1.00 x 107 ( 0 - 0.750 )}{16}

F  = - 4.7 x 105 N

Hence the required force = 4.7 x 105 N

7 0
3 years ago
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