A speaker compares two similar cases and infers that what is true for the first case is also true for the second. what is the term for this type of reasoning?

The Johnsons have a second home that was available to rent for three full weeks (28 days) during the summer. Of the twenty eight days, the Johnsons rented it to unrelated tenants for 16 days at fair market value.

On July 1, Alaskan Adventures issues a $120,000, eight-month, 6.5% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjustment on December 31

Expense Basis for allocation Amount Administrative Square feet of floor space $ 15,000 Advertising Amount of dollar sales $ 8,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales

The Fed purchases $200 worth of government bonds from the public. The reserve requirement is 12.5 percent, people hold no currency, and the banking system keeps no excess reserves. The U. S. money supply eventually increases by a. $25. b.

The Fed's use of open market operations affects banks

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False

If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.

A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false

Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee.