Answer:
C. a debit to Held-to-Maturity Debt investments for $26,000
Explanation:
In as much Amex corporation is intending to place on hold the bonds till they mature; total investments must be recorded i.e price of bonds including commission for brokerage, as held to securities until they mature.
Classification of investments in securities are ; Held-to-maturity, meaning that the company is not planning to sell the investments hence hold on to them till they mature. They are however classified as non current assets. Investment in securities could also be made available for sale or held for further trading.
The journal entry is therefore;
Dr Held-to-Maturity debts investments $26,000
Cr Cash $26,000
Answer:
Option (a) is correct.
Explanation:
When the government of United states provide subsidy to the Tobacco industries then there is a rise in the production of Tobacco because it will become cheaper for the firms to produce tobacco.
But these firms are not taking the proper steps for health related issues and even lobbying from health-related concerns.
If the congress repeals the tobacco firms subsidies then the cost of tobacco production increases because of the withdrawal of subsidies. Hence, the supply of tobacco decreases because of the lower level of output and therefore, this would shift the supply curve of tobacco firms leftwards.
This is only because of the higher cost of production.
In a market with price controls, there can be shortages or surpluses of goods and services. A shortage in goods or services means that there is not enough supply to cover the demand of the items. The quantity of the goods or services that is supplied is less than what is demanded. In this case, there are not enough products for consumers to purchase. A market surplus means there is is too many goods or people available for services but the demand from consumers is not there. This causes businesses to have too much goods available.
Answer:
The correct answer is (B)
Explanation:
Many shopping stores have product stacked up in bins and they let customers look for the desired product. Usually, these products are on sale and they cost less compared to other products. The cost customers pay on these products include; the price of the product, the time they spent on looking for that specific product and the energy they wasted.
The view that anticipated changes in the money supply will have no effect on the economy's output would most likely be a proposition of <u>quantity theory</u>.
In monetary economics, the quantity theory of money (regularly abbreviated as TQM) is one of the directions of Western monetary concepts that emerged within the sixteenth-17th centuries.
The TQM states that the general price degree of goods and offerings is at once proportional to the amount of money in the stream, or money delivers. As an example, if the amount of cash in an economy doubles, TQM predicts that fee ranges will also double.
The principle turned into firstly formulated via Renaissance mathematician Nicolaus Copernicus in 1517, and become influentially restated by means of philosophers John Locke, David Hume, and Jean Bodin. The idea experienced a massive surge in popularity with economists Anna Schwartz and Milton Friedman's book A monetary history of the US, posted in 1963.
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