Answer:
Dr. Cr.
Work in progess 139,000
Salaries and wages payable account 139,000
Explanation:
Direct Labor are charges to work in progress account and a payble is created as a result.
Total Labor cost = $212,000
Indirect cost = $73,000
Direct labor cost = $212,000 - 73,000
Direct labor cost = $139,000
Answer:
Number of shares to be issued = 60,000 units
Explanation:
<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>
The number of units to be issued is determined as follows
Units to be issued = Total capital to be raised / issue price per share
Number of units to be raised = $1215,000/$20.25 per share= 60,000 units
Number of shares to be issued = 60,000 units
Answer:
The statement is false. The largest component of GDP is private consumption, or simply: consumption.
Explanation:
Consumption includes all purchases of goods and services made by individuals and households except for the purchase of new houses (these are considered investments).
In the U.S., consumption accounts for around 70% of GDP. This is why some economists say that the U.S. is a consumer-based economy.
If that happen, other investors that bet for the opposite cause of your investment would be the one that gained that money, and you will still able to keep that stocks to collect dividend as long as you don't sell it.
(this circumtances won't happen if the reason you lost the money is the firm going into bankruptcy)
