The accounting concept Consistent Reporting is being applied when a word processing service business reports revenue per page one year and revenue per hour the next year.

A) True

B) False

Dots sells T-shirts for $2 and shorts for $3. In April, total sales were $576. People bought 3 times as many T-shirts as shorts. How many T-shirts and shorts did Dots sell?

Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-maximizing level of output.

Which concept do businesses Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission? use to earn income?

Johnny Appleseed Brewing Company (JABC) has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total current assets of $85,000; and total current liabilities of $29,750.

Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer, sells Thelma his collection of seashells. Philip, a CEO of a successful company, sells George his pet parakeet.

Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. C0 C1 C2 C3 - $11,600 0 + $9,100 + $10,100 a.

Your roommate is a better cook than you are, but you can clean more quickly than your roommate can. If your roommate did all the cooking and you did all the cleaning, would your chores take you more or less time than if you divided each task evenly?

Tyler Toys has beginning inventory for the year of $19,600. During the year, Tyler purchases inventory for $233,000 and has cost of goods sold equal to $236,000. Tyler's ending inventory equals: Multiple Choice $19,800. $19,600. $16,600. $22,600.

Larkspur, Inc. was opened on August 1 by Joe Larkspur. The following selected events and transactions occurred during August. Aug. 1 Invested $57,000 cash in the business in exchange for common stock.

Which growth strategy is being used when a firm introduces a new product or service to a market segment that is currently not served by the firm?