If sellers expect the price of a good to rise in the future, what are they likely to do?

a. put more goods on the market immediately

b. store goods now to sell more in the future

c. raise their prices now

d. set prices according to the law of demand

Laura is saving her money in case of an emergency. She currently has enough savings to cover her living expenses for four months. Evaluate Laura's savings.

When the CEO and senior management of a books, music, and games distributor systematically evaluate the company's internal and external environment to evaluate the vision and mission and develop objectives, which aspect of strategy formulation are

Torino company has 2,100 shares of $10 par value, 6.5% cumulative and nonparticipating preferred stock and 21,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $1,000 in its first year of operation.

On January 1, ABC Catering purchased an oven for $5,000. The oven is expected to last five years and have no salvage value. Select the adjusting entry made on December 31, to record the depreciation of the oven for one year?

Is the disparate treatment between an employee and an independent contractor a fair one?

Friendly's Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when you get your paycheck in one week (or else).

Shoeleather costs arise when higher inflation rates induce people to:a. spend more time looking for bargains. b. spend less time looking for bargains. c. hold more money. d. hold less money.

Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.

True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.

If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be