What is the economic principle of supply and demand

Pacioli Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $12,000 Note receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank

Borrowing cash from the bank would have what effect on the accounting equation? a. Liabilities decrease and stockholders' equity increases. b. Liabilities increase and stockholders' equity decreases. c. Assets increase and liabilities increase. d.

Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d? a. 153.3% b. 114.7% c. 233% d. 87.2%

A firm with a reputation as a price predator (an actor that frequently reduces prices to gain or maintain market share) generates few responses to its pricing tactical actions. a. trueb. false

In the confirmation of accounts receivable, the auditor will most likely A. Request confirmation of a sample of the inactive account. B. Seek to obtain positive confirmations for at least 50% of the total dollar amount of the receivables. C.

Vineyard Corporation, a manufacturer of fine wines, began the year with 20,000 bottles in inventory. The company estimated the budgeted sales for the four quarters of the current year to be 200,000 bottles, 150,000 bottles, 250,000 bottles, and

Chegg "Thurman Corporation issued 500,000 shares of $0.50 par value capital stock at its date of incorporation for cash at a price of $2.5 per share. During the first year of operations, the company earned $180,000 and declared a dividend of $45,000.

List the following in order of most to least liquid

Which of the following would result if the business purchased supplies on credit? B. supplies would increase, and capital would increase C. supplies would increase, and accounts payable would increase D.

When the federal trade commission determines that an ad is deceptive or unfair, it can: force the firm that ran the deceptive ad to get "advance clearance" on all future ad campaigns.