The term that gives clues about decision making towards one goals as well as ones activities as regards this question can be referred to as Planning.
- Planning can be regarded as process that involves thinking about activities needed in achieving ones goal as well as organizing these activities in way that would make it easier to achieve the desired goal.
- Planning can as well be explained as management process which concerned about defining goals for the future of company and its direction.
- Planning helps in determining the missions as well as the resources needed in achieving those targets.
<em>Therefore, Planning involve setting ones goal and all process involves in pursuing it.</em>
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Answer:
Option C.
1. No
2. No
Explanation:
The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.
The double entry when the rights are exercised would be:
Dr Bank A/c XX
Cr Common stock XX
Cr Additional paid-in capital XX
Answer:
Gross Income:
= Earned wages + Interest from savings + Interest on home mortgage
= 93,260 + 1,340 + 4,500
= $99,100
Adjusted gross income:
= Gross income - Tax deferred plan - State taxes
= 99,100 - 6,300 - 1,359
= $91,441
Taxable income
= Adjusted gross income - Personal exemption - Standard deduction - Charity contribution
= 91,441 - 3,500 - 7,800 - 2,500
= $77,641
the amount transferred from the retained earnings account to the paid-in capital accounts as a result of the stock dividend.
Answer:
d. None of the above are correct.
Explanation:
In a centrally planned environment, the government make decisions on production.
In a market economy, market forces make production decisions.
Society relies more upon prices to allocate resources when the economy is centrally planned than a market economy.
The self-interest of households is reflected more fully in the outcome of a market planned economy than in the outcome of a centrally planned economy
Government plays a larger role in the economic affairs of a centrally planned economy than in the economic affairs of a market planned economy.
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