Answer:
The answer can include both C and D. Description below.
Explanation:
We make the following records.
The treasury stock was reissued at a premium of 5184 - 4556 = $628
Since treasury stock is credit account by nature we debit to reduce it by the Amount of $4,566
$628 is to be credited to the paid in capital as this is premium received in excess of par value of the stock. Since there is no mention of premium or paid in capital account we may credit the Excess of Par/Common.
Hope that helps.
The best management style is when employees are lead by example and not by command.
Answer:
$25,000
Explanation:
Assuming it is to be perpetuity. Amount to be saved = P/I
Amount to be saved = Annual interest amount / Annual interest rate
Amount to be saved = $2,000/8%
Amount to be saved = $2,000/0.08
Amount to be saved = $25,000
So, the worker should save $25,000 before retirement if he wishes to draw interest of $2,000 per year.
Answer:
Donald's plans are not sound.
There is more to running a business than opening six stores in 12 months. How does he want to ensure that these stores will be opened and will become viable, attractive to customers, and be able to meet customers' needs.
Explanation:
A business does not exist in isolation. It exists for a purpose. The overarching purpose is to satisfy the needs of its customers. But, first things first. Is there a viable market for Donald's business ideas? Has Donald determined the size of this market? Is the market sustainable? What are the barriers for new entrants? What competition does this business face? What competitive advantage or otherwise will Donald Mac's enjoy or suffer? How can Donald Mac's overcome its competitive challenges? Can Donald show the cash flow projections for the proposed business? This and more pertinent questions need to be answered in the business plan, to make it sound convincing before potential investors.
Answer:
Increase in income
Increase in price of substitutes
Change in taste
Explanation:
If income increases, the demand for a good rises as the amount of disposable income increases,
A substitute good is a good that can be used in place of another good. e.g. pen and pencils. If the price of a substitute (e.g. pens) increases, it becomes more expensive. Consumers would shift to the demanding pencils. As a result the demand for pencils would increase
A change in taste. For example, if an individual prefers pencils to pens. he would demand more of pencils and less of pend. As a result, the demand for pencils would increase
