Answer:
Additional Paid-in Capital for $20,000.
Explanation:
The Journal is as follows:
Cash A/c Dr. $120,000
To treasury stock $100,000
To Additional paid in capital $20,000
(To record the treasury stock and Additional paid in capital)
Workings:
Cash = 10,000 shares × $12
= $120,000
Treasury stock = 10,000 shares × $10
= $100,000
Additional paid in capital = 10,000 shares × ($12 - $10)
= 10,000 shares × $2
= $20,000
Control introduce yourself and your company and express gratitude and remember names that goes a long way.
Answer:
For economists is important to avoid political interferance in the monetary policy. Populist governments often use the creation of money to justify their political programs, causing inflation and distortions on the market.
In the last report of FOMC is highlighted the behaviour of market labour and the lower expectations of inflation.
Explanation:
There are two tools commonly used in political economy to finance government programs: taxation and paper currency print. When the central bank is not independent, the government has an incentive to print money to fund their programs, causing inflation. In economic science has been demonstrated that inflation is always caused by monetary phenomena.
Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
