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Scilla [17]
3 years ago
8

Prepare the issuer's journal entry for each of the following separate transactions.

Business
1 answer:
jeka57 [31]3 years ago
3 0

Answer:

a.

March 1

Debit  : Cash $318,500

Credit : Common Stock $198,000

Credit : Excess of Par $120,500

<em>Being Issue of Par value Shares for $318,500 cash</em>

b.

April 1

Debit  : Cash $84,000

Credit : Common Stock $84,000

<em>Being Issue of no Par value shares for $84,000 cash</em>

c.

April 6

Debit  : Inventory $53,000

Debit : Note Receivable $103,000

Credit : Common Stock $68,000

Credit : Excess of Par $88,000

<em>Being Issue of Par value Shares for Inventory and Note Receivable</em>

Explanation:

Note: We are instructed to prepare journals from the issuer`s point of view and this needs to be followed.

When shares are issued, the Common Stock increases :

a. For par value Common Stocks, any price paid in excess of par value is accounted in Excess of Par Reserve.

b. For no par value shares, there is no Excess of Par Reserve, we simply record the increase in Common Stock at the price paid for.

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Explain and discuss how each phase of the boom-and-bust cycle has characterized the history of capital flows from the advanced i
Neporo4naja [7]

Answer:

The boom and bust cycle is a process of economic expansion and contraction that occurs one after the other. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.

Explanation:

Characteristics of Boom: Increases in demand for capital/consumer goods. Businesses tend to increase their investment, employment opportunities abound, Consumer confidence is strong and consumers have a positive outlook.

The bust periods are referred to as recessions; if the recession is particularly severe, it is called a depression.

Since the mid-1940s, the United States has experienced several boom and bust cycles. Why do we have a boom and bust cycle instead of a long, steady economic growth period? The answer can be found in the way central banks handle the money supply.

During a boom, a central bank makes it easier to obtain credit by lending money at low interest rates. Individuals and businesses can then borrow money easily and cheaply and invest it in, say, technology stocks or houses. Many people earn high returns on their investments, and the economy grows.

Yes, national government and international institutions should regulate capital flows because when credit is too easy to obtain and interest rates are too low, people will overinvest. This excess investment is called “malinvestment.”

When this happens, There won’t be enough demand and the bust cycle will set in. Investments will decline in value. Investors lose money, consumers cut spending and companies cut jobs. Credit becomes more difficult to obtain as borrowers become unable to make their loan payments.

The IMF controls cross border flows by promoting exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.

3 0
4 years ago
The practice of giving employees a high degree of control over their work, from planning and organization, through implementing
ira [324]

Answer:

b.Job Enlargement

Explanation:

Job design:

     This is the method to design a proper task for a proper person it means that if person have good technical process so give a technical work instead of giving marketing work.

Job Enlargement :

 As it name indicates enlargement it means that increases job task of and the responsibility of a person.In this task is added at the same level so this is also known as horizontal process.

Job Enhancement :

  When a organization provide new opportunity of worker to increase his skill then it know as job enhancement.

Job Enrichment :

 When a organization provide a good environment for worker then the worker feel better and always feel motivated to work .This is also a motivation process followed by organization.

So the option b is correct.

b.Job Enlargement

7 0
3 years ago
Five years ago, our company purchased land for $53,000. This year, the land is
Alenkinab [10]

Answer:60000

Explanation:

4 0
1 year ago
Trading centers in other countries helped the mother country in all of the following ways except for
VMariaS [17]
Trading centers in other countries helped the mother country in all of the following ways except for...

Answer: Out of all the options that are shown above the one that is not a way that trading centers helped the mother country is answer choice A) becoming more self-sufficient.

I hope it helps, Regards.
7 0
3 years ago
Read 2 more answers
Barry has a medical plan with a $1,200 deductible, 20% coinsurance, and a $5,000 coinsurance cap. His allowable medical expenses
Trava [24]

Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>

<h3>Amount Barry will pay </h3>

Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.

Total he will pay out of pocket is therefore:

= Deductible + ( 20% x (Medical expenses - deductible))

Solving gives:

= 1,200 + ( 20% x (18,000 - 1,200))

= $4,560

In conclusion, he will pay $4,560.

Find out more on insurance payments at brainly.com/question/25973180.

4 0
2 years ago
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