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Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2015, the first year of the corporation's existence:
Sold 5,000 ordinary shares for P18 per share
Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000
Problem 1: At the end of the Berry's first year, total contributed capital amounted to
a. P 40,000 c. P 100,000
b. P 90,000 d. P 190,000
The aggregate demand curve is: 11 - 0.5p. Find the equilibrium output and the equilibrium inflation rate
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The Masterson Company accepted a $30,000, 120 day, 11% interest bearing note dated December 15, 2007 from one of their customers. The customer eventually paid the note at its maturity value. Based on a 360-day year, what amount should Masterson repor..
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