A monopoly is characterized by all of the following except a. there are only a few sellers, each selling a unique product. b. there are no close substitutes to the firm's product. c. entry barriers are high. d. the firm has market power.

On January 1, 2016, Tonika Company issued a four-year, $10,000, 7% bond. The interest is payable annually each December 31. The issue price was $9,668 based on an 8% effective interest rate. Tonika uses the effective-interest amortization method.

Fox, Greg, and Howe are partners with average capital balances during 20X1 of $120,000, $60,000, and $40,000, respectively. Partners receive 10% interest on their average capital balances.

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the revenue or other financing source is expected to be collected A. Within 60 days after year-end. B.

Lots of Stuff Company reports the following data for its first year of operation. Cost of goods manufactured $455 comma 700455,700 Work in process inventory, beginning 0 Work in process inventory, ending 140 comma 600140,600 Direct materials used

A report that accumulates the actual expenses that a manager is responsible for and their budgeted amounts is a: Multiple Choice Managerial cost report. Responsibility accounting performance report. Controllable expense report.

Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole proprietorship, because she will work alone from home a franchise, because many others will want to start the same

The essential requirement for different businesses to be related is that A. E) the production methods that they employ both entail economies of scale. B. B) the products of the different businesses are bought by much the same types of buyers. C.

Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B.

A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims the escrow deposit per contractual agreement. What term applies to this situation?

Daniel owns a small business that he is considering selling. he contracts with blair, a business attorney, to provide him with legal advice on the sale of his business. daniel's contract with blair is governed by