Answer:
Lower interest rates – reduce cost of borrowing and increase consumer spending and investment.
Increased real wages – if nominal wages grow above inflation.
Higher global growth – leading to increased export spending.
Devaluation, making exports cheaper and imports more expensive, increasing domestic demand.
Explanation:
Some ways you can help the economy are
1. Lower interest rates – reduce cost of borrowing and increase consumer spending and investment.
2. Increased real wages – if nominal wages grow above inflation.
3. Higher global growth – leading to increased export spending.
4. Devaluation, making exports cheaper and imports more expensive, increasing domestic demand.
Answer and Explanation:
The journal entries are shown below;
On March 1
Cash A/c $303,500
To Common Stock $3 Par value (44,500 × $3) $133,500
To Paid in capital in excess of par value $170,000
(Being the common stock issued is recorded)
On April 1
Cash $74,000
To Common Stock, no par value $74,000
(Being the common stock issued is recorded)
On April 6
Inventory $43,000
Machinery $155,000
To Common Stock (2,400 ×$20) $48,000
To Notes payable $93,000
To Paid in capital in excess of par value $57,000
(Being the shares are issued)
Answer:
$1,388,200
Explanation:
The total stock holders equity as at the end of the year shall be determined as follows:
Common stock Retained Earnings Total
Balance of Jan 1 $597,000 $690,000 $1,287,000
Net income for year $96,000 $96,000
Dividend paid ($14,800) ($14,800)
Common stock $20,000 $20,000
Balance at year end $617,000 $771,200 $1,388,200
The expiration date must be marked on ready to eat bags.
