A person can benefit from specialization and trade by obtaining a good at a price that is.

During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol

MrRa [10]

Answer:

Date Account Title Debit Credit

Feb 12 Cash $18,000,000

Common Stock $2,000,000

Paid in Capital in excess of Com- $16,000,000

mon stock par value

Working

Cash = 2 million shares * $9 = $18,000,000

Common stock = 2 million * $1 par value = $2,000,000

Date Account Title Debit Credit

Feb 13 Legal expenses $360,000

Common Stock $40,000

Paid in Capital in excess of Com- $320,000

mon stock par value

Working

Cash = 40,000 shares * 9 = $360,000

Common Stock = 40,000 * 1 = $40,000

Date Account Title Debit Credit

Feb 13 Cash $945,000

Common stock $80,000

Preferred Stock $200,000

Paid in Capital in excess of Com- $640,000

mon stock par value

Paid in Capital in excess of Pre- $25,000

ferred stock par value

Working:

Common stock = 80,000 shares * 1 = $8,000

Preferred stock = 4,000 shares * $50 = $200,000

Paid in Cap, Common = 80,000 * (9 - 1) = $640,000

Date Account Title Debit Credit

Nov. 15 Equipment $3,688,000

Common Stock $380,000

Paid in Capital in excess of Com- $3,308,000

mon stock par value

Working:

Common stock = 380,000 * $1 = $380,000

8 0

3 years ago

The MU/P ratio for good X is greater than the MU/P ratio for good Y. To achieve consumer equilibrium, the consumer reallocates d

uysha [10]

Answer:

Falls:rises.

Explanation:

The MU/P (Marginal Utility/Price) ratio for good X is greater than the MU/P (Marginal Utility/Price) ratio for good Y. To achieve consumer equilibrium, the consumer reallocates dollars from the purchase of good Y to the purchase of good X. If the law of diminishing marginal utility holds, the marginal utility of good X falls and the marginal utility of good Y rises.

The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Also, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Hence, the marginal utility of good X falls and the marginal utility of good Y rises because the consumer no longer derive satisfaction or benefits (utility) from the consumption of good X while he would switch to good Y for satisfaction.

7 0

3 years ago

A principle of the human relation approach is that .

AfilCa [17]

The basic principles of human relations approach are :- Human beings are not interested only in financial gains. They also need recognition and appreciation. Workers are human beings. So they must be treated like human beings and not like machines.

5 0

3 years ago

5 things that make you a borrower

brilliants [131]

Company, Customers, Competitors, Collaborators, and Climate.

8 0

3 years ago

Grandma and Grandpa Generous had many children, but they have only one grandchild,Harold. Grandma and Grandpa would like to give

Leni [432]

Answer:

Gift Tax GSTT

Explanation:

In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.

8 0

3 years ago