Answer:
Credit common stock by 20,000
Credit additional paid in capital by 20,000
Explanation:
The par value of the share are $10 per share the number of shares are 2000 so initially we will credit common stock by (2000*10) = 20,000
Then we will credit the additional paid in capital by (11-10)*(2,000) =2000 as it is the additional money that we are getting on the par value.
Legitimate powers are directly based on structural position, charisma, and interpersonal trust.
<h3>Definition of Power and Authority</h3>
While Power is the use of coercion or force to exercise right or control authority is the willingness of people to obey an individual.
In this context, legitimate power can be seen as an authority.
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Distributions of income and wealth reveal how power is distributed in society because usually those in the top income bracket control society in all its aspects including banks and other financial institutions, news media politics so that the rich people control society such as in our western capitalist countries despite the facade of democracy. In a socialist society on the other hand, money is distributed equitably amongst the vast majority of the people to meet their basic needs for health and medicine, education, food and clothing and shelter first and foremost.
They use a <span>Straight Piecework Plan </span>as an incentive to their employees.
The Straight Piece-Work System is the simplest incentive approach in which the rate in keeping with unit of output is fixed, and the income of the employee are computed with the aid of multiplying his total output by rate per unit. We can also define this as the system or plan in which the employers or workers are paid according to the number of units produced during a defined time period at fixed rate.
The right to sell a company's goods or services in a
particular area; also : a business that is given such a right.