On January 1, Arcola Company issues 5,000 shares of $100 par value preferred stock at $200 cash per share. On March 1, the company repurchases 5,000 shares of previously issued $1 par value common stock at $56 cash per share. Use the financial statement effects template to record these two transactions.

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship