Answer:
Journal Entries are as follows.
Explanation:
1.   Cash               $25,000 (Debit)
           Common Stock                              $ 25,000 (credit)
2.   Wages             $10,000  (debit)
                Cash                             $10,000 (credit)
3.  Land                         $ 50,000 (debit)
            Common Stock                        $50,000  (credit)
4.    Dividend Declared    $ 1000  (debit)
                     Dividend Payable            $ 1000 ( credit)
And
    Dividend Payable            $ 1000 ( debit)
                  Cash                           $ 1000 (credit)
5.        Cash               $ 3000  (debit)
               Long Term  Investment            $ 3000 (credit)
6.     Cash                    $ 20,000  (debit)
                 Sales                        $ 20,000        ( credit) 
7.       Inventory           $2000 (debit)
             Cash                      $ 2000  (credit)
8.      Investment                 $ 6000 ( debit)
                Cash                                             $ 6000 (credit)
9.  Bonds Payable                   $ 10,000  (debit)
                  Discount                             $ 1000 (credit) ( if there's any)
                   Common Stock               $ 9,000 ( credit ) ( in case of discount)
10.    Notes Payable                             $ 10,000  (debit)
Interest on Notes Payable                    $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)
                          Cash                                                    $ 11,000 (credit)
 
 
        
             
        
        
        
Hey there,
Answer: <span>Extemporaneous speech
Hope this helps :D
<em>~Top♥</em>
</span>
        
             
        
        
        
Answer:
Results are below.
Explanation:
Giving the following formula:
Unitary selling price= 500,000/100,000= $5
Operating expenses= $1
Depreciation= $20,000
New selling price= 5*1.1= $5.5
Sales in units= 100,000*0.95= 95,000
COGS rate= 0.62
<u>To calculate the net income, we need to use the following structure:</u>
Sales= 5.5*95,000= 522,500
COGS= 522,500*0.62= (323,950)
Gross profit= 198,550
Operating expenses= (95,000 + 20,000)= (115,000)
Net income= 83,550
 
        
             
        
        
        
Answer
Sales tax Payable = $780
Entry to record transaction is:
Dr: Cash $16,380
Cr: Sales Tax Payale $ 780
Cr: Sales $ 15,600
Explanation:
Coghlan Auto Supply sales are inclusive of tax so at first step it is necessary to segregate sales tax from the total sales of $16,380.
In order to calculate sales tax in Coghlan total sale divide the total sales figure with 1+the sales tax rate i.e (1+5%=1.05)
So the sales exclusive of  tax will be:  $ 16,380/1.05 =  $15,600
Tax can be calculated now by subtracting Net sales by gross sales i.e $16,380-$15,600 = $780.
 
        
             
        
        
        
Answer:
Explanation:Part 1). Answer :- Sales of Ford Mustangs will decrease by 15 % (1.5 * 10 %).
Explanation :- Camaro and Ford Mustangs are substitute goods because the cross-price elasticity between Ford Mustangs and Camaro is in positive. Accordingly, with the decrease in price of camaro, the quantity sold of Ford Mustangs will also decrease.
Part 2). Answer :- Quantity of Ford Mustangs will decrease by 16 % (0.80 * 20 %).
Explanation :- Gasoline and Ford Mustangs are complementary goods because the cross-price elasticity between Ford Mustangs and Camaro is in negative. Accordingly, with the increase in price of gasoline, the quantity sold of Ford Mustangs will decrease.
Part 3). Answer :- Quantity of Ford Mustangs will increase by 15 % (3 * 5 %).
Explanation :- With the increase in income of consumer, the demand for normal good also increase. Accordingly, with the increase in consumer's income, quantity demanded of Ford Mustangs will also increase.