Answer:
The total amount of paid-in capital in excess of par is: $5,000.
Explanation:
When Common Stocks are classified as par value Stocks, any price paid in excess of the par value of the Stock is accounted for in the Share Premium account.
<u>Here is the Summary of the Transaction provided.</u>
Common Stocks : 260 shares × $100 = $26,000
Paid-in capital in excess of par : $31,000 - $26,000 = $5,000
Answer:
The correct answer is d. All of these are correctly matched.
Explanation:
In economics, an economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal. A market equilibrium, for example, refers to the condition in which the market price is established through competition so that the amount of goods and services desired by buyers is equal to the amount of goods and services produced. by the sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.
Answer:
$2.5
Explanation:
Given:
Number of sandwiches in basket = 20
Number of magazines in basket = 30
cost of sandwiches in 2006 = $4
Cost of magazines in 2006 = $2
cost of sandwiches in 2007 = $5
Consumer price index in 2007 = 125
Now,
Consumer price index = 
or
125 = 
here,
X is the price of magazines in 2007
thus,
125 = 
or
1.25 × ($80 + $60 ) = $100 + 30X
or
30X = $175 - $100
or
X = $2.5
Hence,
The price of magazines in 2007 was $2.5
Answer: $2,750
Explanation: This is a simple interest problem, we calculate thus:
Principal = $2,500
Time = 5 years
Rate = 2%
Formula:
I = (P x R x T)/100
I = (2,500 x 2 x 5)/100
I = 25,000/100
I = 250.
Therefore the amount that will be owed at the end of 5 years is:
$2,500 + $250 = $2,750.
Answer: joint venture agreement
Explanation:
To enter the Chinese market, General Motors entered a joint venture agreement with the local company SAIC.
A joint venture is when two or more companies come together utilizing their skills and pooling their resources together so that they can achieve a particular aim
Here, both company pooled their resources together and they both own about 50% of the new company.
