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3 years ago

The following information is from Princeton Company's comparative balance sheets.

Business

1 answer:

allochka39001 [22]3 years ago

6 0

Answer:

cash received = $ 240,000

Explanation:

On calculating the common stock $10 par

Beg. balance - $ 118,000

$6,000 - Issuance of common stock

Thus the ending balance = $124,000

On calculating the paid in capital in excess of par

Beg. balance - $ 351,000

$ 234,000 - Issuance of common stock

Thus the end balance - $ 585,000

Therefore,

The cash received - $ 240,000

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Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased fr

andreyandreev [35.5K]

Answer:

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______

d. none of the above

Explanation:

a) Data and Calculations:

Old inflation rate = 3%

New inflation rate = 1.6%

Old unemployment rate = 4.8%

New unemployment rate = 6.2%

Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625

Ratio of new inflation rate to new unemployment rate = 1.6% : 6.2% = 0.258

Sacrifice ratio = Difference between the two ratios = 0.367 (0.625 - 0.258)

b) The sacrifice ratio is the difference between the old ratio and the new ratio of inflation rate to unemployment rate.

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3 years ago

What is the answer in effects in accounting equation?

Ann [662]

Answer:

No effect

Explanation:

The journal entry to record this give transaction is shown below:

Furniture Dr RM13,000

To Bank RM 13,000

(Being the furniture purchased by cheque is recorded)

For recording this we debited the furniture as it increased the asset and credited the bank as it decreased the assets

Therefore there is no effect in the accounting equation as the increase and decreased in done in asset side only

5 0

4 years ago

An engineer sketches detailed drawings of the keypad of a new cell phone. What stage in the product development life cycle is th

Andrej [43]

Answer:

Concept stage

Explanation:

The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.

3 0

4 years ago

Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,400,000.

arlik [135]

Answer:

purchase cost of patent = $1,880,000

Explanation:

total independent values = $1,100,000 + $2,200,000 + $3,300,000 + $4,400,000 = $11,000,000

we must allocate the purcahse cost proportionally:

purchase cost of building = $1,100,000/$11,000,000 x $9,400,000 = $940,000

purchase cost of patent = $2,200,000/$11,000,000 x $9,400,000 = $1,880,000

purchase cost of land = $3,300,000/$11,000,000 x $9,400,000 = $2,820,000

purchase cost of equipment = $4,400,000/$11,000,000 x $9,400,000 = $3,760,000

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3 years ago

According to classical macroeconomic theory, changes in the money supply affect:_______.

Ivahew [28]

Answer:

Option A. real GDP and the price level.

Explanation:

Option “A” is correct because the change in money supply (say increase) will decrease the interest rate and that will result in an increase in investment and more investment will generate more jobs and more money in consumers’ hands. Thus, they will stimulate the spending and aggregate demand will increase. Resulting in the rise in price and rise in real GDP. therefore, option A is right.

6 0

3 years ago