Answer:
The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
Explanation:
In order to prepare The journal entry to record the purchase of treasury stock we would have to calculate the treasury stock as follows:
Treasury Stock=shares purchased*cost per share
Treasury Stock=100 Shares x $38.00 per share
Treasury Stock=$3,800
Therefore, The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
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Answer:
a. 1, and total revenue and price move in the same direction
Explanation:
Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.
A good has a unit elastic demand when its coefficient of elasticity is equal to one.
If price increases by 20% , quantity demanded falls by 20%.
If price falls by 20%, quantity demanded increases by 20%.
I hope my answer helps you.
A limit of spending of the government,
