An organization's ability to obtain the benefits of politics depends on the assumption that ________
A) resources are being allocated to subunits on the basis of their performance
B) strong property rights are given to all the employees
C) power flows to those who can be of most help to the organization
D) all the employees are satisfied with their jobs
C
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Stacos Bell, Inc., issues 100 shares of $10 par value common stock for $50 per share. This transaction will include a ______.
a. credit to Common Stock fo $1,000 and a credit to Paid-in Capital in Excess of Par for $4,000 b. debit to Common Stock for $5,000 c. credit to Common Stock for $5,000 d. credit to Common Stock for $1,000 and a credit to Retained Earnings for $4,000 e. debit to Common Stock fo $1,000 and a debit to Paid-in Capital in Excess of Par for $4,000 f. debit to Cash for $1,000 and credit to Common Stock for $1,000 g. credit to Common Stock fo $1,000 and a Gain on Issue of Common Stock for $4,000
Mason Lawn Equipment uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required
May 18 Sold $26,000 of merchandise on account, credit terms are 1/10, n/30, FOB destination Cost of goods is $15,600. May 22 Mason negotiated a $600 allowance on the goods sold on May 18. May 24 Mason paid freight of $450. May 26 Mason receives payment for the customer for the amount due from the May 18 sale. What will be an ideal response