Answer:
a)3,000,000 shares
b)2,200,000 shares
c)2,170,000 shares
d)$2,200,000
Explanation::
a) Based on the information given 3,000,000 shares were authorized
b) Based on the information given 2,200,000 shares were issued
c) Calculation for many shares are outstanding
Outstanding shares= (2,200,000 issued-30,000 in treasury)
Outstanding shares=2,170,000 shares
d) Calculation for the balance of the Common Stock account
Balance of the Common Stock account = ($1 × 2,200,000 shares
Balance of the Common Stock account=$2,200,000
Answer:
For example 1, each text book costs $4 and each pen costs $3.
For example 2, 18 $5 tickets were sold and 15 $2 tickets were sold.
Explanation:
Example 1:
let T = number of text books
let P = number of pens
5T + 4P = 32
6T + 3P = 33 (we can start by dividing this equation by 11)
5T + 4P = 32
2T + 1P = 11 (now lets multiply be -4)
5T + 4P = 32
-8T - 4P = -44 (now we add)
-3T = -12
T = -12 / 3 = 4
P = (2 X 4) + P = 11
P= 11 - 8 = 3
Example 2:
let C = cheap tickets
let E = expensive tickets
C + E = 33 ⇒ C = 33 - E (and now we can replace)
2C + 5E = 120
2(33 - E) + 5E = 120
66 - 2E + 5E = 120
66 + 3E = 120
3E = 120 - 66 = 54
E = 54 / 3 = 18
C = 33 - 18 = 15
respond predictably.
People are most likely to react predictably if they exhibit the appearance of consistently pursuing their own self-interest.
<h3>Is it advantageous to act in one's socialized self-interest?</h3>
The pursuit of socialized self-interest serves as the foundation for a calm, orderly society where most people can generally pursue happiness in their own way. It's not a world where greatness, bravery, or nobility are desired or necessary, and it's not a world where people are expected to achieve great things.
<h3>Why not define "self-interest"?</h3>
The definition of self-interest is making choices that will benefit oneself the greatest. Adam Smith, the father of modern economics, contends that individuals often act in ways that will result in the greatest economic benefit for all parties involved.
What are the benefits of self-interest in economics?
It refers to the premise that unanticipated gains are produced for society as a whole when parties act or interact, making judgments based on self-interest. This serves as the conceptual underpinning of Smith's main argument for the significance of self-interest in economics.
Learn more about self-interest:
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Answer:
A dictatorship is a form of government characterized by a single leader or group of leaders that hold government power promised to the people and little or no toleration for political pluralism or independent media.
Answer:
The journal entry for purchase of raw material for march is given below:
Raw Material Inventory Dr $165,000
To Accounts Payable $165,000
Explanation:
Given that,
Purchase of raw material - $165,000
Beginning Raw Materials Inventory - $22,000
Direct material - $141,000
Indirect materials - $13,000
Journal Entry : The Journal entry shows the debit and credit side of the accounts in which debit records expenditure whereas credit records income and gains.
Thus, the journal entry for purchase of raw material for march is given below:
Raw Material Inventory Dr $165,000
To Accounts Payable $165,000
