Answer: Increase the treasury stock account and decrease the cash account by $36,000.
Explanation:
The journal entries that would be used to record the purchase of treasury stock will be to increase the treasury stock account and decrease the cash account by $36,000.
Note that the $36000 was calculated as:
= 1,000 shares × $36 per share
= $36,000
Answer:
False.
Explanation:
Accounting systems that use standards for product costs are standard cost systems.
In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.
Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.
The government could achieve reduction of cigarette consumption to by imposing a per-unit tax on cigarettes of 200 billion packs per year
<h3>What can Taxation achieve?</h3>
A taxation refers to compulsory levies on individuals, business by the governments on their income, operation etc.
In conclusion, apart from the revenue that tax generates for the government official, its also serves as tool for controlling consumption.
Read more about taxation
<em>brainly.com/question/25783927</em>
Answer:
<u>Network </u>
Explanation:
A network type of organizational structure is characterized by a less hierarchical levels, with greater decentralization and more flexibility.
Such an organization is inter connected by informal social networks based upon the requirements of a task instead of a formal structure.
In this kind of organizational structure, reporting requirements ain't pre defined and it arises as per the need and as per the extent of coordination. It promotes direct communication and eliminates bureaucracy as decision making does not require approval from multiple levels.
In the given case, the company does not actually produce or market the bread indicates the existence of intra-company networks which perform those tasks.
Similarly, the fact that there are very few employees who are majorly top executives or of clerical level, indicates elimination of multiple levels of organizational hierarchy.
Thus, it represents a network organizational structure.