Answer:
The correct answers are $40,000 and $13,500
Explanation:
The implicit cost of the business is $40,000 nothing for the entrepreneur's time plus $13,500 nothing for the entrepreneur's funds (enter your response as an integer)
The implicit cost indicates the cost of an asset rather than selling it or renting it out. In other words, the company has to give up by deciding not to exploit an asset. For this case $40,000
For the other line
15% = 0.15
$90,000 x 15% = $13,500
Answer:
The journal entry to record the issuance of new stocks is:
Dr Cash 164,800
Cr Common stock 72,100
Cr Additional paid in capital in excess of par value 92,700
When you issue new stocks, the common stock account increases by par value (= 10,300 stocks x $7). Any money obtained over par value must be recorded under the additional paid in capital account (= 10,300 x $9).
Answer:
The answer is "- $ 575.68".
Explanation:
please find the attached file.
Answer:
D. All of these are correct
Explanation:
John ohn Montgomery Ward was a first sports player who is a professional and baseball league.
Here the practices that should be considered by basketball team owners are as follows
a. Salary caps
b. Profit sharing is not considered
c. Reserve system of basketball
Hence, the correct option is D
Thus, all the options are correct
