If the government currently has a budget deficit, then

a. government expenditures are greater than taxes.

b. it does not necessarily have a debt.

c. its debt is increasing.

d. all of the above are correct.

What is a trap instruction? explain its use in operating systems?

Lemonade. You want to buy a new car, and you knowthe model you want. The model has three options, eachone of which you can either take or not take, and you havea choice of four colors. So far 100,000 cars of this modelhave been sold.

On January 1, 2010, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,085. During the first 11 months of the year, bad debts expense of $21,937 was recognized.

Managers place a high priority on internal control systems because the systems assist managers in all of the following except: a. Ensuring reliable accounting. b. Assuring that no loss will occur. c. Protecting assets. d. Upholding company policies.

Joey sells a clock from his store through an online auction website. He has never met the buyer, Rod, and had no communication with him before the sale agreement. When he sends the clock, he does not disclaim any warranties.

Fuqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January, 12,600 units in February, and 13,700 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound.

Strawberry Fields purchased a tractor at a cost of $39,000 and sold it two years later for $25,300. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $7,000 residual value. Required: 1.

2. Buckeye Industries has a bond issue with a face value of $1000. The value of Buckeye's asset is $1200. In one year they will be worth either $800 or $1400. The going rate on T-bill is 4 percent.

What are we willing and able to buy

The account cash overage is which type of account? an asset account a liability account a miscellaneous revenue account a miscellaneous expense account