Answer:
was it a passage u had to read?
Explanation:
Answer:
Debit : Land $1,200,000
Explanation:
The journal entry lattern Company need to record is
Dr Land $1,200,000
------------ Cr Credit common shares $12,000
------------ Cr Paid in capital - Common shares $1,188,000
As 120,000 shares is exchanged, for the land and the share is traded in the exchange, the value of the land should be recorded at the market price of this
= 120,000 shares or 120,000 × $10 = $1,200,000
Common share account is recorded at lar value x number of shares issued = $0.1 × $120,000 = $12,000 while paid in capital common share account records the difference between market price and par value at the time of shares issuance or
= (10 - 0.1) × 120,000
= $1,188,000
<span>Gregory's rules of thumb, which he uses in decision making, are known as heuristics.
Heuristic refers to a solution to a problem - it is something you employ in order to achieve the best results possible. These methods you use may not be perfect, but they will help you do what you intended to do properly.
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Answer:
Instructions are listed below
Explanation:
Giving the following information:
You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.
Bank A:
initial investment $105,000
n=[ln(FV/PV)]/ln(1+r)
n=[ln(188000/105000)]/ln(1+0.073)= 8.26 years
Bank B:
Effective rate= 0.073/12= 0.0061
n=[ln(188000/105000)]/ln(1+0.0061)= 95.78 months/12= 7.98 years
I think it is B because that sounds right