<span>In analyzing Ted Levitt’s definition of a product, he claims it to be something that solves a problem, or is a tool that solves an issue for a consumer. Customers want the satisfaction that the product they purchase will both meet and exceed the expectations they have for it.</span>
Carin, Inc. declared a 50% stock dividend on January 15, when there were 10,000 shares of $1 par value stock issued and outstanding, and the market value was $20. The entry to record the distribution of stock will include a debit to the Common Stock Dividend Distributable account, in the amount of $5,000
Since Carin declared 50% of 10,000 shares of $1 par value, then the entry will include a debit to the common stock dividend distributable account for $5,000 (50% of 10,000 shares at 1$ each)
<h2>Further Explanation</h2>
The common stock dividend Distributable account is an equity account that is owned by stockholders. Such an account is credited for the declared value of the shares that are distributable when the declaration of a stock dividend is being recorded and also until when the stock is issued to the company's stockholders.
However, a stock dividend distributable is not a liability because it is not paid with assets.
A stock dividend is types of dividend that is issued by a company to its shareholders while a dividend is seen to be cash payment issued by companies to their stockholders.
The several types of divided includes
- Cash dividend
- Property dividend
- Scrip dividend
- Liquidating dividend
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If data indicates the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, then recognition of change in the economy has almost certainly occurred. Recognition of change in the economy involves massive capital migration from one industrial sector to another, from one community to another, and even from one nation to another.
The justification was that the superior financing of the KKR bid would require less gutting of the company to pay off debts
<h3>What is
debts?</h3>
Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.
Student loans, mortgages, and business loans are examples of "good" debt, which is defined as money owed for things that can help build wealth or increase income over time. "Bad" debt is defined as credit card or other consumer debt that does little to improve your financial situation. These are exaggerations.
In accounting, debt is classified as a liability. Debt can refer to a variety of different numbers on the balance sheet, ranging from wages payable to tax payable.
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Answer:
The real issue with prisoners being paid is not the fairness of paying someone for performing a job, but the extremely high costs of keeping someone in jail. When you read all the articles of people that oppose paying prisoners a minimum wage (or around $3 per hour), they all argue that the cost of keeping them in jail is already too high and they working for cents (on average a prisoner gets paid between 14¢ - 61¢ per hour) is away of returning something to society. The logic is that the government already pays for their food, shelter and security.
Personally, I understand the argument that keeping someone in jail is really expensive. That argument is really solid when you are talking about jobs related to government needs, but do they apply to jobs performed for businesses? No. A prisoner whose work makes someone wealthier, should be paid a reasonable amount. It is true that prisoners that work for businesses earn around twice as much, between 33¢ to $1.41, but that amount is still ridiculous. Again, someone is actually benefiting from prisoners' work while the general public pays for the costs of keeping them in jail.
The general public is actually subsidizing those businesses that are lucky enough to get basically free labor. Remember that not all prisoners are constantly hitting or attacking someone, the vast majority live relatively boring lives behind bars (OK, they are in jail and that is the point). They are able to perform many work related tasks. Businesses are taking advantage of both prisoners and the general public that pays the incarceration costs.
It is ridiculous to believe that using prisoners will reduce public expenses, it doesn't. It makes no sense to replace public sector workers with prisoners. Even though prisoners are able and capable of working, it costs a lot of money to guard them while at work. Who pays for it? The government pays for it. The logistics of using inmates as workers is very complex and expensive, and I bet it is much cheaper to pay a free person the minimum wage than it is to use inmates as workers.
Prisoners forming a union is also something that makes no sense. I believe and defend many social issues, but some topics shouldn't even be considered.