Answer:
cumulative.
Explanation:
Cumulative preferred stock is defined as a type of stock that states that if any dividend payments have been missed the first payment of the owed dividends must be done to cumulative preferred shareholders in first instance
Answer:Addition to net income in the operating activities section
Explanation:
Answer:
$6,450
Explanation:
The general ledger of a cash account is presented below:
Cash Account
Date Particulars Amount Date Particulars Amount
April 1 Beginning April 16 Rent expense $460
Balance $3,850
April 3 Service April 20 Salaries and
Revenue $3,400 Wages expense $340
April 30 Ending balance $6,450
The ending balance would be
= Beginning balance + service revenue - rent expense - salaries and wages expense
= $3,850 + $3,400 - $460 - $340
= $6,450
Answer:
B) diminishing marginal utility
Explanation:
The law of Diminishing marginal utility states that utility falls as consumption increases.
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Because of diminishing marginal utility, consumption can be encouraged by reducing price.
As utility falls, consumers would be unwilling to buy more goods at the same price, therefore it would be reasonable to reduce price to encourage consumption.
