Answer:
If the market is perfectly competitive, then Alex will sell all his lemonade. Only after Alex sold all his available lemonade stock, will Jenny start to sell lemonade. Sam will only be able to sell lemonade after both Alex and Jenny ran out of lemonade.
Answer:
C) holier-than-thou
Explanation:
A holier than thou appeal refers to an attitude of superiority. It was originally used as a religious expression to show that someone was more "holy" or more religious than other people.
But this approach of feeling superior also takes place in a business when a member of the organization feels that his/her job is better and more important than the jobs and performance of the rest. It implies being super optimistic about your own abilities and capabilities, enough for them to diminish others.
E.g. how many times have you heard someone else say that if it was him/her that was doing something important, everything would be great and flow smoothly, because they are the best in doing this and that, and about everything else.
Answer:
Jan 15 Land $45,000 Dr
Building $95,000 Dr
Common Stock at par $100,000 Cr
Paid in Capital in Excess
of Par, Common Stock $40,000 Cr
Explanation:
The assets are recognized by a company at the market value on the day of transaction. The market value of land and building was $140,000 (45000 + 95000). Thus, the stock issued against these assets was issued at $14 per share ($140000/10000) and a premium of $4 / share was received.
The Land is debited by $45000 and building by $95000 while we credit the common stock at par value $100000 and credit the premium $40000.
Answer: The company must rebuild the units.
Explanation: We must compare the benefits obtained by selling the defective units with the benefits obtained by selling the reconstructed units.
If we sell the defective units: 600 units × $2 =<u> $1200
</u>
Versus
If we sell the rebuilt units:<u> 600 units x ($5 - $0.60 [Materials] - $1 [Labor] - $0.80 [Overhead]) =</u>
<u>= 600 x ($2,60) = $1560.</u>
<u>Then it is convenient to rebuild the defective units to obtain a greater benefit.</u>
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