The following accounts appear in the ledger of Super Inc. after the books are closed at December 31, 2019

Common Stock, $1 par value, 800,000 shares authorized, 450,000 shares

Issued $450,000

Paid-in-Capital in Excess of Par Value-Common Stock 750,000

Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 400 shares

issued 350,000

Retained Earnings 250,000

Treasury Stock (10,000 common shares) 30,000

Paid-in Capital in Excess of Par Value-Preferred Stock

Note: Income statement for 2019 is $170,000. Dividends paid $25,000

Instructions: Prepare the stockholders' equity section at December 31, 2019

In a closed economy with no foreign trade, spending on consumer goods (C) is related to national income (Y) according to the table below : -

Assuming that the government is spending £30 billion per year on the infrastructure and firms are investing £30 billion

(a) What is the equilibrium level of national income (Y)?               

(b) Calculate the marginal propensity to consume domestic goods and services.                                                                                         

(c) Calculate the value of the multiplier in this case.                        

(d) Using a diagram to help your answer, explain what would happen if government spending rose by £20 billion.                                          

The following accounts appear in the ledger of Planter Inc. after the books are closed at December 31, 2003.

Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares issued    $400,000

Treasury Stock (10,000 common shares)     75,000

Long term investments    50,000   

Common Stock Dividends Distributable    60,000

Paid-in Capital in Excess of Par Value—Common Stock    550,000

Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 3,000 shares issued     300,000

Deferred income tax    25,000

Retained Earnings     650,000

Paid-in Capital in Excess of Par Value—Preferred Stock     310,000

Prepare the stockholders' equity section at December 31, 2003 in the classified balance sheet (IFRS format and order), assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

Suppose a closed economy (economy that does not engage in international trade) is described by the following table.

a. What problem will occur in the economy in Year 2 if no policy is pursued?

b. Describe the fiscal policy tools that could be used to combat the problem. Carefully explain all steps in the link between policy and outcomes. What impact will this policy have on the various components of the aggregate expenditures? What will happen to the real GDP and Price level as a result of these policies?

c. Describe the monetary policy tools that could be used to combat the problem. Carefully explain all steps in the link between policy and outcomes. What impact will this policy have on the various components of the aggregate expenditures? What will happen to the real GDP and Price level as a result of these policies?

d. Will your answers to (b) and (c) change if this was an open economy. In what way?

Suppose a closed economy (economy that does not engage in international trade) is described by the following table.

a. What problem will occur in the economy in Year 2 if no policy is pursued?

b. Describe the fiscal policy tools that could be used to combat the problem. Carefully explain all steps in the link between policy and outcomes. What impact will this policy have on the various components of the aggregate expenditures? What will happen to the real GDP and Price level as a result of these policies?

c. Describe the monetary policy tools that could be used to combat the problem. Carefully explain all steps in the link between policy and outcomes. What impact will this policy have on the various components of the aggregate expenditures? What will happen to the real GDP and Price level as a result of these policies?

d. Will your answers to (b) and (c) change if this was an open economy. In what way?

A 0.75 L bottle is cleaned, dried, and closed in a room where the air is 20°C and 44% relative humidity (that is, the water vapor in the air is 0.44 of the equilibrium vapor pressure at 20°C). The bottle is brought outside and stored at 0.0°C.

a. What mass of water condenses inside the bottle?

b. Would water condense at 10*C?

. Assume a simple closed Keynesian model where the MPC is 0.9 and the MPIM is 0.1. Also assume that potential real GDP is $2000 million, while actual (equilibrium) real GDP is $1200 million.

            a. What is the GDP gap?

            b. Is there an inflationary or recessionary gap?

            c. What change in government spending is required to restore the economy to full

                employment GDP? Show graphically using a Keynesian cross diagram.

d. What change in lump-sum taxes would bring about the same result?

e. Now assume that a Balanced Budget Amendment is passed, so that increases in

     government spending must be accompanied by equal increases in lump-sum

     taxes. What change in both G and T will close the GDP gap? (HINT: What is

     the balanced budget multiplier in this model?)

Compare the effect on GDP of an adverse demand shock in the closed and open economy cases using graphs based on the open economy IS-MP model. Assume flexible rate.

The data in the table below is for a closed-polygon traverse. The running direction is North

a. Compute the preliminary bearings.

b.Compute the unadjusted departures.

c. Compute the unadjusted latitudes.

d. Compute the linear misclosure.

e. Compute the relative precision.

The trial balance follows of the Larkspur, Inc. as at December 31. The books are closed annually on December 31.

Instructions: A)Enter the balances in ledger accounts.

B) From the trial balance and the information that follows, prepare annual adjusting entries.

C) Post annual adjusting entries to the ledger accounts: (Post entries in the order of journal entries presented in the previous part.)