__________ is a measure of how a nation's income is apportioned among its people.
Fill in the blank(s) with the appropriate word(s).
Income distribution
Income distribution is a measure of how a nation's income is apportioned among its people.
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Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued and outstanding What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?
a. Retained earnings in the amount of $400,000 is transferred to the contributed capital accounts. b. Cash decreases $400,000. c. Additional Paid-in Capital increases $400,000. d. A stock split has no effect on total stockholders' equity.
Which of the following statements is true of wire transfers?
A. The Federal Reserve operates a domestic wire transfer system that can be made through New York Clearinghouse Payments System (CHIPS). B. Electronic funds transfers between business and financial institutions are generally referred to as wholesale wire transfers. C. Article 4A of the UCC, which covers wire transfers, includes consumer payments that are covered by the Electronic Funds Transfer Act (EFTA). D. International wire transfer systems are known as "Fedwire."
When the salesperson discusses a product's ________, he is answering the question, "What is it?"
A. benefits B. features C. advantages D. achievements E. service records
Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25 percent contribution margin. Fixed costs are $26,000. What is Loyal Enterprises' operating income for 2014?
A) $2,600 B) $26,000 C) $31,250 D) $5,250