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Sauron [17]
3 years ago
10

When inflationary pressure occurs, what is happening to the dollar?

Business
1 answer:
GaryK [48]3 years ago
7 0

Answer:

A

Explanation:

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Lewelling Company issued 101,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 4,100 hour
GenaCL600 [577]

Answer:

Paid in capital excess of par is $$309,000

Explanation:

<u>Journal Entries</u>

Debt: Legal services (4,100 hours × $100 per hour)  = $410,000

Credit: Common stock (101,000 shares × $1 par)  = $101,000

Credit: Paid-in capital - excess of par (Remainder)  = $309,000

To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)

In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.

Paid in capital excess of par is $$309,000

3 0
3 years ago
You want to have $5 million when you retire in 40 years. you believe you can earn 9 percent per year on your investment. how muc
elena-14-01-66 [18.8K]
You sure invest 150.00 every two weeks out of your pay check
5 0
3 years ago
Crane Flight Services contributes $25 a week to Helen's retirement plan starting immediately. Assuming she works for Crane for a
Zigmanuir [339]

Answer:

The value of this employee benefit today is closest to $17,758.66

Explanation:

Crane Flight services per week contribution C = $25

Discount rate per r=4.75%

Discount rate per week r= 4.75% / 52 =0.0913%

Total Payment N = $52 * 22 years = $1,144

Current value of employee benefit P = C*(1+r)*(1-(1+r)^-N)/r

P=25*(1+0.0913%)*(1-(1+0.0913%)^-1144)/0.0913%

P = 25 * (1.000913) * (1 - (1.000913)^-1144)/0.000913

P = 25 * (1.000913) * 1 - 0.3520453/0.000913

P = 25 * (1.000913) * 709.6985

P = 17758.661368

P = $17,758.66

7 0
3 years ago
Wilson Links Products sells a product that involves two separate performance obligations: the SwingRight golf club weight and th
4vir4ik [10]

Answer:

Stand alone selling price of the software using expected cost plus margin approach  =   $65  +  ( 50% * 65)  

                =   $65  +  $32.5  =    $97.5

Explanation:

7 0
3 years ago
You run a bank and wish to update your physical security at each branch of your bank and to update the technological security of
EleoNora [17]

Answer:

The best approach is to employ Risk Assessment

Explanation:

Executing Risk Assessment separately for either physical security or technological security makes implementing recommendations easier as regards that which has a higher priority of protection in comparison to the duo mentioned.

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3 years ago
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