Answer:
B) Debit Retained Earnings $36,000; credit Common Stock Dividend Distributable $30,000; credit Paid-In Capital in Excess of Par Value, Common Stock $6,000.
Explanation:
The journal entry is as follows:
Account Debit Credit
Retained Earnings $36,000
Common Stock Dividend Distributable $30,000
Paid in Capital in Excess of Par Value $6,000
Answer: Answers are:<u> Imperfect information; excess supply; higher quantity.</u>
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Explanation: <u>Imperfect information</u> can lead to a situation where, even if sellers are faced with a situation of <u>excess supply</u>, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a <u>higher quantity.</u>
Answer:
I would think that photography would be the answer but I am not 100% sure
Explanation:
Answer:
The correct answer is B. If there are 10 plants producing the total domestic consumption of a product and each plant is operating at minimum efficient scale, then each plant accounts for 10 percent of domestic consumption.
Explanation:
It is understood that the total consumption of a product is 100% of it. Therefore, as long as there are 10 plants that, producing at a minimum efficiency scale on an equal basis, cover this total consumption, the percentage of consumption that each plant produces will be 10%.
This is so because 100/10 = 10, provided that it is considered that the production is carried out equitably between each of the production plants.