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4 years ago

The marginal utility of coffee consumption for steve is the change in _____ generated by consuming an additional cup of coffee.

1 answer:

8 0

The answer to this question is Total utility
Total utility refers to the level of satisfaction that customers experience when consuming a certain amount of goods/products.
The amount of utility could maxed out after customers consuming a certain amount of the same product, which make it impossible to obtain additinal satisfaction after hitting a certain thresold.

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Under contract law, a promise not to do something that a person could otherwise do __________. is only deemed legal consideratio

trasher [3.6K]

Answer:

is called a forbearance and is adequate legal consideration for a contract.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.

For example, a creditor who decides to forebear by refusing to collect money from a debtor.

5 0

3 years ago

In China, state control of media is high, so companies are challenged to find ways to get their message to customers. This demon

Ivanshal [37]

This demonstrates a difficulty in crafting a global communication strategy.

The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.

This here tells us about the issue of communication. The companies may have issues sending message across to all of its customers due to the media problem.

This problem may be more difficult in a case where the business is a foreign market.

3 0

3 years ago

All of the following situations contribute to the need for a company to recognize deferred revenues, except for:

blondinia [14]

Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

7 0

4 years ago

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10

gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

Particulars Amount ($)

Opening balance 400,000

Income for the year 408,000

Dividend Paid (220,000 + 240,000) (460,000)

Loss on sale of treasury stock (1,875)

Ending balance  346,125 

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

Particulars Amount ($)

Common stock issued ($20 * 60,000) 1,200,000

Paid-in capital in excess of par v - c. stock 70,000

Total contributed Capital 1,270,000

Retained Earnings 346,125

Total Stockholder's Equity  1,616,125 

Download xlsx

3 0

4 years ago

Why would the Fed intentionally use contractionary monetary policy to reduce real GDP?

Nana76 [90]

Answer:

C. The Fed intends to reduce inflation, which occurs if real GDP is greater than potential GDP

6 0

3 years ago