The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues.

True

False

Susan's salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnership's income was $4,000.

If you want $1,000 three years from now and you earn 4 percent on your savings, how much do you need to deposit? a. $1,000 b. $1,040 c. $1,030 d. $889 e. $885

Mary and Cathy are roommates. Mary assigns a $30 value to smoking cigarettes. Cathy values smoke-free air at $15. Which of the following scenarios is a successful example of the Coase theorem? a. Mary pays Cathy $16 so that Mary can smoke. b.

For an action to be called fraudulent, all of the following conditions are required except: A. poor judgment B. false representation C. intent to deceive D. injury or loss

Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,382 $11,180 Accounts receivable 5,651 6,181 Accounts payable 5,952 6,293 Net sales $139,303 Cost of goods sold 87,113 Assume

An A&E firm planning for a future expansion deposited $44,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return.

A billionaire offers to give you $5 billion if you will count out the amount in $1 bills or a lump sum of $5000.

Gabrielle is the chief marketing officer of Boyd Pharmaceuticals. She is meeting with Trent, the chief financial officer to decide on the company's marketing communications budget.

For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to increase production further. True or False?

Economics A. assumes irrationality if people are paid enough. B. assumes individuals are rational and respond to different incentives. C. assumes government involvement in the economy is always beneficial. D.