Answer:
The journal entry is as follows:
Cash A/c Dr. $2,020,000
Discount on bonds payable A/c Dr. $59,216
To Bonds payable $2,000,000
To Paid in capital - stock warrants $79,216
(To record the issuance of the bonds and warrants)
Workings:
Cash:
= 2,000 × $1,000 × 101%
= $2,020,000
Discount on bonds payable:
= 2,000,000 - 2,020,000 × (980 ÷ 1,020)
= $59,216
Answer:
A-she can deduct her mileage for driving from her home to her office at the professional suite
B-she can deduct her home office expenses
Explanation:
As a general rule of thumb, every expenses that incurred for business operation can be deducted from your taxes. This rule can still applicable even if you're working from your home.
A car mileage <u>can only be deducted according to the proportion that is used for work</u><u> </u> since it's considered as an expense that must incurred in order for Gwen to do her business.
Lunch money is considered as private consumption that does not related to her business operation. This is why it's not tax deducible.
Answer:
The total turnover increases
Explanation:
Asset Turnover Ratio is a measure of how efficient the assets of a company is when compared with the company's sales or revenue. To calculate Asset turnover ration, the<u> net sales is set as a percentage of the company's total assets. </u>
The higher the turnover of the asset based on the calculation then the higher the chances that organisation is generating revenue efficiently from its assets. A lower turnover however is the implication that the company is not efficiently using its assets and it could imply some internal issues.
Therefore, the higher the sales without any change in assets means the Asset Turnover will increase or be higher and it will indicate higher efficiency
Answer: The recessionary gap will be equal to 1 trillion yen divided by 2.5 or 0.4 trillion yen
Explanation:
From the question, we are informed that GDP gap of 1 trillion yen and the marginal propensity to consume (MPC) is 0.60. Also, to close the GDP gap, the prime minister has decided to increase government spending. This means that there will be a recessionary gap because the actual GDP will be less than the potential GDP.
Fir the economy to be brought to its potential GDP, the spending of the government will give a stimulus to the economy. Since MPC is 0.6, the multiplier will be:
= 1/1-MPC
= 1/1 - 0.6
= 1/0.4
= 2.5
The government spending will then increase in order to close the recessionary gap as:
∆Y = ∆G × Multiplier
100 = ∆G × 2.5
∆G = 100/2.5
∆G = 40
Therefore, the recessionary gap will be equal to 1 trillion yen divided by 2.5 or 0.4 trillion yen.
Answer:
D. Informational
Explanation:
Informational appeal is a form of advertisement in which a producer or marketer explain his/her products to viewers and target customers. It gives a brief highlight to the benefit a consumer will get from using the specifit product. It elucidates and shines more lights on a products attributes, benefits and characteristics. When ExxonMobil explains areas on lithium ion batteries, hydrogen technology, biofuels, and CO2 capture technologies, they are using information appeal.
