Answer:
Following are the journal entries to this question:
Explanation:
Date account title Dr. Cr.
Mar.2 Incorporation expense 
Common Stock (Par value
) 
Paid in excess of par- Common Stock 
(Bein 5000 common shares Of par value 
each issued )
June. 12 Cash 
Common Stock (Par value 
) 
Paid in excess of par- common stock 
(Being 63400 common shares of par value 
each issued for 
cash)
July-11 cash 
Preferred Stock (Par value 
) 
Paid in excess of par- Preferred stock 
(Being 2175 Prefered shares of par value 
each issued for 
each)
Nov. 28 Treasury Stock 
cash
(Purchased 2,350 shares of treasury stock for
).
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Answer:
what are products that consumers demand less of when their income rises
Products that consumers demand less when their income rises are referred to as inferior goods
Explanation:
It is a natural phenomenon in economics that when there is an income rise from the consumers end, it changes their taste for a higher one which makes demand for some goods less and tagged them as being inferior
Answer:
9%
Explanation:
According to the given situation, the solution of return on investment is shown below:-
Return on investment = (Net operating income ÷ Average operating assets) × 100
now, we will put the values into the above formula
= ($45,360 ÷ $504,000) × 100
= 0.09 × 100
= 9%
Therefore for computing the return on investment we simply applied the above formula.
