Response:
Julie obtuvo $5,087.25 en comisión por esta venta.
Clarificación:
Precio de venta del inmueble = Precio listado * Porcentaje de venta = $340,000 * 95% = $323,000
La comisión sobre las ventas del inmueble = Precio de venta * Tasa de comisión = $323,000 * 7% = $22,610
Monto de la comisión para el corredor de Julie = Comisión sobre la venta * Porcentaje de la comisión destinado al corredor de Julie = $22,610 * 45% = $10,174.50
Dado que Julie y su corredor dividen la comisión de manera equitativa, tenemos:
La comisión ganada por Julie en la venta de la propiedad = Monto de la comisión para el corredor de Julie / 2 = $10,174.50 / 2 = $5,087.25
Por lo tanto, Julie ganó $5,087.25 en esta venta.
The purpose of the closing entries is to transfer account balances to the permanent records, moving all income statement balances into retained earnings.
Common stock - $9000
Dividends - $800
Service revenue - $13,000
Wages Expenses - $8,400
Rent Expenses - $1,600
Closing Entries
Particulars Dr Cr
Income Summary $10,000
Wages Expenses $8,400
Rent Expenses $1,600
Service Revenue $13,000
Income Summary $13,000
Income Summary $3,000
(13000-10000)
Retained Earnings $3,000
Retained Earnings $800
Dividends $800
Answer:The marginal propensity to consume (MPC) is 0.65
The multiplier or k = 2.85714 rounded to 2.86
Explanation:
The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.
MPC can be calculated as follows,
MPC = Change in consumption / change in income
MPC = 0.65 / 1
MPC = 0.65
To derive the multiplier, we apply this formula,
Multiplier or k = 1 / (1 - MPC)
k = 1 / (1 - 0.65)
k = 2.85714 rounded to 2.86
Answer:
$600 million
Explanation:
On January 1, 2020, the balance of common stock & APIC is derived as follows:
Common stock & APIC = Paid-In Capital + Capital raised from selling 50 million shares at $20 each - Treasury Stock
This gives:
Paid-In Capital = $500 million
Issuance of 50 million shares at $20 each amounts to:
Treasury Stock involves buying back 20 million shares priced at $45 each.
Inserting the numbers leads to:
Common stock & APIC = $500 million + $1000 million - (20 million shares × $45 each)
Therefore, Common stock & APIC = $1500 million - $900 million = $600 million
