Ethical behavior is a subset of which skillset?

Answer:

Both price and quantity rise

Explanation:

The reduction in soda prices boosts soda demand. As moviegoers typically enjoy popcorn along with their drinks, this spike in soda demand can lead to increased demand for popcorn, thereby raising both its price and quantity.

Answer:

The dividend expense will total $20,000

Explanation:

We know the total shares issued = 12,000

And Treasury stock = 2,000 shares

A regular dividend of $2 per share is declared

Now, we must calculate the total dividend

Outstanding shares = Issued shares - Treasury stock = 12,000 - 2,000 = 10,000 shares

Thus, the dividend expense is calculated as $2 × 10,000 = $20,000

Therefore, the total dividend expense equates to $20,000

Response:

Refer to the explanation section

Clarification:

The disparity between the inventory count recorded and the actual count suggests that the goods in stock have either been sold or lost. For the sake of ongoing operations, it is presumed they have been sold. Accordingly, the journal entry to document the sale is -

December - 31       Cost of goods sold           Debit          45,000

                           ($415,000 - $370,000)

                                        Merchandise Inventory     Credit       45,000

                    (To record the sale of merchandise: adjusted)