Answer:
Account receivable and revenue account
Explanation:
Since it is given that
The service was performed on the account so the journal entry to record this transaction is shown below:
Account receivable A/c Dr $200
To Service revenue A/c $200
(Being the service is performed recorded)
Both accounts are increases that means the account receivable and the service revenue is increased for $200 each
<span>28x = 126
divide each side by 28
x = 126/28
x = 4.5 miles</span>
Answer:
$5.50 dividend per share to common stock
Explanation:
In case a company has cumulative preference shares then the company has to pay preference dividend in arrears
Here, preference dividend was not paid in the year 2017
Preference dividend for 2017 = 500 
$100 4%
= $2,000
Since the dividend is paid in between the year 2018, dividend is paid for the year 2017 and not for 2018 thus preference dividend is for a year, only for 2017
Therefore, dividend to common equity = $35,000 - $2,000 = $33,000
Dividend per share = $33,000/6,000 = $5.50 per share
Answer:
1. Lower the interest rates in the economy.
2. Increase asset prices
Explanation:
Remember, increase in money supply looks at the total money made available in circulation in an economy. Alternatively it is called liquidation.
The real of an economy takes into consideration the impact of inflation on the value of goods and services produced in an economy.
Therefore lower interest rates as a result of increase in money supply would results in more consumption and borrowing.
While the price of houses, stocks would rise because of the increased money supply.
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