Marcus is an operations manager, meaning he works to design and control production and operations involved in making and delivering a product.
Answer: a common stock.
Explanation:
Following the information given in the question, the additional $10,000 of owners' equity will be regarded as a common stock.
Commission stock is regarded as a corporate equity ownership and each share of stock simply means the holder has a small portion of ownership of that particular company. Every addition in owner's equity is common stock.
Answer:
$162,520
Explanation:
As per the given question the solution of retained earnings is provided below:-
To reach at retained earning first we need to find out the total expenses and net income which are as follows:-
Total Expenses = Advertising Expense + Income Tax Expense + Rent Expense + Supplies Expense
= $40,000 + $26,000 + $23,400 + $33,800
= $123,200
now,
Net income = Revenue - Expenses
= $200,000 - $123,200
= $76,800
So, the Retained Earnings as of December 31, 2019 = Retained Earnings of January 1, 2019 + Net Income - Dividend
= $115,720 + $76,800 - $30,000
= $192,520 - $30,000
= $162,520
Answer:
If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.
Explanation:
In money illusion, one thinks money is nominal rather than real.
