Ray is a shareholder of a small company. When the director falls to undertake an action it falls under derivative suit.
Explanation:
- Derivative suit is referred to as a law suit that is brought by the shareholder in behalf of the company against the third party.
- If in a company the employees, the directors as well as the officers are not ready to file a complain against the third party then the shareholder has the right to file a complaint against the third party.
- Derivative suit is normally filed by the shareholder when there is a mismanagement in the company. To stop the illegal work this action is being taken.
Answer: $9,226
Explanation;
The consumption function is;
Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)
Marginal Propensity to Consume;
=Increase in consumption expenditure/ Increase in Disposable income
= 680/1,000
= 0.68
Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)
= 1,610 + ( 0.68 * 11,200)
= $9,226
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Following are the journal entries for Setterstrom Company;
<u>May 01</u>
Debit: Petty cash = $100.00
Credit: Cash = $100.00
<u>Jun 01
</u>
Debit: Delivery Expense = $31.25
Debit: Postage Expense = $39.00
Debit: Miscellaneous Expense = $25.00
Debit: Cash over/short (Balance amount) = $3.00
Credit: Petty Cash ($100 - $1.75) = $98.25
<u>Jul 01</u>
Debit: Delivery expense = $21.00
Debit: Entertainment expense = $51.00
Debit: Miscellaneous expense = $24.75
Credit: Petty Cash ($100 - $3.25) = $96.75
<u>Jul 10
</u>
Debit: Petty cash = $30.00
Credit: Cash = $30.00
Answer:
Observational study
Explanation:
The appropriate study for a gas station owner who wants to find out whether customers are satisfied with the service they receive or not is "Observational Study."
Given that the Observational study is a type of research study or scientific investigation in which the researcher observes the effect of an action or activities such as risk factors, or outcomes without a direct impact on the intervention from the researcher.
In this case, the satisfaction of customers concerning the services they receive can only be observed by the researcher without influencing the services or how the customers perceived their level of satisfaction.