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Explain how ownership, competition, profit, supply and demand, surpluses, and shortages are key aspects of the free enterprise system. Use examples.

If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial statements prepared at that time would show: Select one: a. Assets overstated and equity understated. b.

The 80-20 rule states that 80% of your business comes from 20% of your customers

Ser propietario puede hacer que sea elegible para impuestos sobre la propiedad cada año?

Mesa corp. allocates overhead to production on the basis of direct labor costs. mesa's total estimated overhead is $450,000 and estimated direct labor is $180,000.

During fiscal 2016, Mattel had sales of $5,456,650, total expenses of $5,138,628 and gross profit of $2,554,391. What was Mattel's cost of sales for 2016? ($ in thousands) A. $2,102,065 thousand B. $5,138,628 thousand C. $2,902,259 thousand D.

A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts.

Tumbler Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold was $28,000. What is the ending balance in the inventory account?

On January 2, 2012, Farr Co. issued 10-year convertible bonds at 105. During 2012, these bonds were converted into common stock having an aggregate par value equal to the total face amount of the bonds.

Why is an organizational structure important? A. It allows having minimum resources to complete tasks. B. It allows clumsy or unclear reporting structure, C. It ensures that the right people occupy the right positions. D.

If products A and B are complements and the price of B decreases, the A. demand curves for both A and B will shift to the left. B. amount of B purchased will increase, but the demand curve for A will not shift. C.