I think this is a multiple choice question
So could you attach the options?!
Answer:
<h2>A rent control set below the equilibrium price in the rental housing market leads to poor services and quality deterioration of many of the private rental units.Hence,in this case,the correct answer is the third option mentioned among the answer choices.</h2>
Explanation:
A rent control that is stipulated below the equilibrium price in the rental housing market essentially leads to the shortage of adequate rental units in the market as the market price or rent stipulated under the rent control is too low for the providers or landlords of the private rental units to offer adequate number of units as per the demand from the renters.A considerably low rent or rental prices of the existing rental units often entails poor maintenance of the rental units,unsatisfactory rental or housing services and deterioration in the interior quality and conditions of most of the rental units.Therefore,the existing renters or inhabitants might enjoy lower rental price or rent but often suffer from poor maintenance,low quality rental services and lack of adequate rental infrastructure inside the rental units.
Answer:
Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000.
Explanation:
A cash dividend is the amount attributable to the common stockholders based on the company's performance. It is synonymous to their profit from common stock.
The cash dividend declared of $1.00 per share on its 12,000 common shares outstanding translated to $12,000 ($1.00 x 12,000 units). As at the time the company's board of directors voted to declare this cash dividend, an accrual has to be recorded in the books. And to achieve that, the above entries have to be recorded.
However, at the point of payment to the common stockholders, we have to <em>debit Common Dividend Payable and credit Cash.</em>
Answer: a person who organizes and manages a business undertaking and assuming the risk for the sake of profit.
Explanation:
