Answer:
Increase in Demand , Increase in Equilibrium Price & Equilibrium Quantity
Explanation:
Demand i.e buyers ability & willingness to buy, has a factor affecting : 'Price of Other Goods - Substitute Goods', which can be inter changeably used. Substitute goods' price & quantity are directly related because- rise in price of a good makes other good relatively cheaper & increases latter's demand and vice versa.
Similarly, If X & Y are substitutes - Increase in price of Y makes it relatively expensive, reduces its demand & increases X demand by making it relatively cheaper (shifts demand curve rightwards).
Increase in X demand & rightward shift in demand curve creates Excess Demand, causing competition among buyers & increasing EquilIbrium Price & equilibrium quantity at new equilibrium.
Answer:
a. The Shares of common stock outstanding are 556,200
b. The stated value of the common stock is 3
c. The par value of the preferred stock is 102
Explanation:
a. In order to calculate the Shares of common stock outstanding we would have to make the following calculation:
Shares of common stock outstanding=shares authorized-common shares
=564,000-7,800
=556,200
b. In order to calculate the Stated value of the common stock we would have to make the following calculation:
Stated value of the common stock= shares issued/shares authorized =1692000/564000
=3
c. In order to calculate the Par value of the preferred stock we would have to make the following calculation:
Par value of the preferred stock= shares issued and outstanding/6,500
=663000/6500
=102
Answer:
Earning dividends from stock in the federal reserve
Explanation:
Earning dividends like this can be a small asset over the long period.
Price elasticity demand = change in demand with respect to change in price
Price elasticity demand = abs[{($0.88-$0.99)/$0.88x 100}/{(513-249)]/513x100}
= 12.5% increase in price/ decrease of 40.16% passengers.
This method of increasing the ticket price is not feasible because the bus service is elastic, which means a small change in the ticket price of $0.11 or 12.5% would mean huge effect on decreasing the number of passengers of 40% or 264 riders reducing the income considerably. By doing the opposite, the bus company will decrease the ticket price to $0.77 in effect the number of riders will increase to 777 thus will make an income increase of 31.86% or $143.85. With this comparison of data, I would suggest the bus company would decrease the ticket price instead of increasing it.
Answer:
Transactions Account Debited Account Credited
a. Recorded jobs completed on 2 11
account and sent Invoices to
customers
b. Received an invoice for truck 15 8
expense to be paid in February
c. Paid utilities expense. 14 1
d. Received cash from customers on 1 2
account.
e. Paid employee wages. 12 1
S/n Transaction no Journal entry
a. Accounts receivable a/c Dr
To fees earned a/c Cr
b. Truck expense a/c Dr
To accounts payable a/c Cr
c. Utilities a/c Dr
To cash a/c Cr
d. Cash a/c Dr
To accounts receivable a/c Cr
e. Wages Expenses Dr
To Account Payable a/c Cr
