On January 22, Ireland Corporation issued for cash 12,000 shares of no-par common stock at $25. On February 14, Ireland issued at par value 8,000 shares of preferred 4% stock, $60 par for cash. On August 30, Ireland issued for cash 30,000 shares of preferred 4% stock, $60 par at $63. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank.

answerobservation;

answernet income for 2017 will be greater if the inventory quantity declines;

answer(b) gdp is not affected by

scott's production of the jewelry box;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.