The relationship between stockholders and management can best be described as a(n) <u>Agency </u>relationship.
<h3>What is an agency relationship?</h3>
An agency relationship is a type of business relationship where someone is hired to act in the best interest of the other. The person who is hired is the agent and the other person is the principal.
In a stockholder and management relationship, the stockholder is the principal who has hired management as an agent to safe guard their interests.
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Answer:
Dr Accounts payable 1850
Cr Merchandise inventory $37
Cr Cash $1813
Explanation:
Preparation of the journal entry to record the payment on July 12 Using the gross method,
JOURNAL ENTRY
Jul-12
Dr Accounts payable ($2300-450) 1850
Cr Merchandise inventory ($1850*2%) $37
Cr Cash $1813
($1850-$37)
(Being entry recorded for payment to supplier)
I believe the answer is false
I hope this helps!
Answer:
Use more labor and fewer capital.
Explanation:
Given that,
For producing 10,000 gadgets,
Labor hours use = 80
Capital = 6 units
Marginal product of labor = 4 gadgets per hour
Marginal product of capital = 20 gadgets per unit
Cost of each unit of labor = $8 per hour
Cost of each unit of capital = $50 per unit
Therefore,
Marginal product per dollar for labor is as follows:
= 0.5
Marginal product per dollar for capital is as follows:
= 0.4
Hence, the marginal product per dollar for labor is greater than the marginal product per dollar for capital, which means that the firm should use more labor and fewer capital.
This is an
example of “Product Objection”.
Product
objection refers to the prospects voice when it relates to a certain product,
in this case the copier. The voice “<span>"the copier we have still makes
great copies” is a reflection of concern relating to the performance of the
product.</span>