Answer:
1)
Debit Cash/Bank 27,000 (4,500 shares x $6 per share)
Credit Common Stock 13,500 (4,500 shares x $3 per share)
Credit Paid-In Capital in Excess of Stated Value—Common 13,500 (4,500 shares x $3 per share)
2)
Debit Cash/Bank 135,000 (4,500 shares x $30 per share)
Credit preferred Stock 135,000 (4,500 shares x $30 per share)
Explanation:
any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"
Answer:
Multiplier or k = 1.428571429 rounded off to 1.43
Explanation:
A change in consumer income leading to an increased consumer spending based on the Marginal propensity to consume or MPC can have a much larger effect in the economy due to the multiplier. A multiplier is the is the amount of new income that is generated form an addition of extra income.
The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. The formula to calculate the multiplier, also denoted as k, is:
k = 1 / (1 - MPC)
k = 1 / (1 - 0.3)
k = 1.428571429 rounded off to 1.43
A depository institution is a financial institution in the United States.
Brainstorming and also the infinity diagram can be used in group decision making.
B. Professional Service
The service process matrix rates services from low to high on labor intensity and on customization. Professional services are high on both.
