Answer: $180
Explanation:
From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.
Therefore, the debit to Discount on Notes Payable in the general journal will be:
= $9,000 × 8% × 90/360
= $9,000 × 8/100 × 1/4
= $9,000 × 0.08 × 0.25
= $180
The correct answer is $180
It should be noted that we used 360 days for a year.
Answer: A. They are highly rigid because of organizationally dispersed team members.
C. They often suffer from a lack of understanding regarding the team's purpose.
Walmart and other foreign retailers in India will face problems related to
• Cultural differences.
• Governmental obstacles will also affect foreign companies to do business in India.
• There are lot of small business competitors that can also pose threat to Walmart and foreign companies.
• People in India, would prefer to buy products from smaller store rather than big shopping mall.
Answer: The correct answer is C. The value of the best alternative that is given up in order to do or get something.
Explanation: Opportunity cost literally means alternative thing forgone - meaning what is given up to get something <em>(sacrifice</em>). It is a concept used by economists to allocate limited resources for production, consumption, distribution and exchange of goods and services. Production of goods or services entails the creation of value. In other words, it gives a more understanding on how limited resources are allocated in order to satisfy the human insatiable desires.
For example, a student may be constrained with limited amount of pocket money, say $100 and the student wants to buy textbooks that cost $10 each or go for different outings going for $20 each. In this scenario, the student has different options: a) buy 10 textbooks and 0 outing b) buy 8 textbooks and a outing c) 6 textbooks and two outings d) 4 textbooks and three outings e) 0 textbooks and five outings. For the student to have any more of the other, he has to give up the other unit. What is given up is called opportunity cost.
Answer:
b. <em> </em>Additional paid-in capital is decreased
Explanation:
The entry to record acquisition and retirement is:
Debit Credit
Common stock $1
Paid-in capital—excess of par $34
<em> Paid-in capital—share repurchase $5</em>
Cash $30
<em>Conclusion: </em>Additional paid-in capital is decreased.
