This is an example of anticipatory change in the market and working accordingly.
Explanation:
The cost of inflation int he country that Van works in have risen up directly and this increase in the rate of change of inflation has led to volatility in the market.
SO he updates the prices every day and sends newspaper inserts advertising the new prices. This makes it better for him to deal with the inflation that is happening and fluctuating everyday.
This makes the functioning smooth in context of his daily dealings with costumers who need to be aware of what is happening in the market.
Answer and Explanation:
The journal entries are shown below:
On July 1
Treasury stock Dr (670 shares × $9 per share) $6,030
To Cash $6,030
(Being the purchase of treasury stock is recorded)
For recording this we debited the treasury stock as it increased the treasury and credited the cash as it decreased the assets
On Sep 1
Cash Dr (420 shares × $14 per share) $5,880
To Treasury Stock (420 shares × $9 per share) $3,780
To Additional paid in capital - Treasury stock $2,100
(Being the resale of treasury stock is recorded)
For recording this we debited the cash as it increased the assets and credited the treasury stock and additional paid in capital as the sale is made
<u>Solution and Explanation:</u>
<u>The retained earning statement for the company Crane for the year 2017 is as follows:
</u>
Martinez Company
Retained Earnings Statement
For the Year Ended December 31, 2017
Retained Earnings, January 1 $2,190,000
Less: Correction of Depreciation Error $382000
Retained Earnings, January 1, as adjusted $1,808000
Add: Net Income $929000
Less: Dividends $226000
Retained Earnings, December 31 $2,511000
Retained earnings at the starting year is to be considered and depreciation and dividend amount is to be deducted whereas the net income is to be added.
Answer:
D) laissez-faire
Explanation:
Connie sees her role as someone who provides direction and resources for her team then gets out of their way and lets them do their work however they think best. Connie uses the laissez-faire style of leadership. This style presents an attitude that takes place without interfering, letting things take their own course. Connie generally uses this leadership style.
Answer:
The key economic idea being exemplified is c) People are rational
Explanation:
The economists’ assumption is that firms and consumers utilize all available information to attain their goals and weigh all costs and benefits of each action taken. Moreover, firms and consumers only choose an action if the benefits exceeds the costs. Therefore, the action of manufacturing firms to move their operations from overseas back to the US due to the increased preference for US manufactured goods exemplifies that consumers and firms rely on all available information when pursuing their goals.
