Answer:
c) Cr. paid in capital in excess of par, common $1,500.
Explanation:
The journal entry is as follows
Preferred stock Dr $50,000 (500 shares × $100)
Paid in capital in excess of par - Preferred stock $1,500 {500 shares × ($103 - $100)}
To Common stock $50,000 (500 shares × 20 shares × $5)
To Paid in capital in excess of par - Common stock $1,500
(Being the conversion is recorded)
<span>The national debt, as of 1992, amounted to </span><span>4 trillion </span><span>dollars.</span>
Answer:
B. participatory approach budgets should be prepared using a top-down approach
Explanation:
Option A is incorrect because it is one of the significant guidelines for budgeting.
Option C is a budgeting guideline which helps to differentiate the actual and budgeted amounts.
Option D is an important element to attain the objectives through budgeting. Therefore, it is incorrect.
Option B is the answer as there is no option to prepare the budget using a top-down approach.
Answer:
true
Explanation:
Organizational development (OD) is a process that focuses on increasing the organization's efficiency and effectiveness through ongoing programs that improve the organization's structure and processes, e.g. employee training necessary to improve the employees' productivity. OD must be planned and managed from top to bottom, and the processes must be improved using behavioral science knowledge.
Answer: Explanation:
The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA
where
,
P
p is the price of a peach and
PA is the price of an avocado.
In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.
