Answer:
Credit common stock by 20,000
Credit additional paid in capital by 20,000
Explanation:
The par value of the share are $10 per share the number of shares are 2000 so initially we will credit common stock by (2000*10) = 20,000
Then we will credit the additional paid in capital by (11-10)*(2,000) =2000 as it is the additional money that we are getting on the par value.
Answer:
C. The firm will not change output but earn a lower profit
Explanation:
So when there is a lump sum tax imposed on the firm, it would cause the extra costs added to the firm's fixed costs. As the variable costs are not affected, the marginal cost remains unchanged.
However, it would shift the ATC (average total cost) curve upward due to the increase in fixed costs - leading the loss.
So that, the firm will not change the output but earn lower profit.
Answer:
The correct response is "145,000
".
Explanation:
The given values are:
Purchased cost,
= $150,000
Expenses,
= $5,000
Selling cost,
= $10,000
Now,
Logan's basis for depreciation will be:
=
On putting the values, we get
=
=
= ($)
Answer:
amount earned in hour(s) = e × h
He need to work 25 hours to be able to afford the video game system.
Explanation:
Mark earns $8.25 per hour at his summer job. He want to buy a video game system that costs $206.25. An equation to model the relationship between the number of hours worked and amount earned can be represented below;
Number of hour worked = h
amount earned = e
amount earned in hour(s) = e × h
The number of hours marked need to work in order to afford a video game system is represented as
amount earned in hour(s) = $206.25
e = $8.25
amount earned in hour(s) = e × h
206.25 = 8.25h
divide both sides by 8.25
206.25/8.25 = h
h = 206.25/8.25
h = 25 hours
Answer:
c. Allow a time period for socializing to support the development of a team identity.
Explanation:
Project meetings are intended to solve problems and effectively communicate among team members. A successful project meeting is characterized by good preparation, establishing appropriate start and end time to cover the agenda, having a defined agenda to provide direction to the meeting and documenting all the decisions to ensure follow-ups. Therefore, socializing to support the develop the development of a team identity is not one of the factors since this could lead to a groupthink and discourage creativity.