In the previous example, the United States and Brazil were efficient when they specialized. Brazil choose to specialize in the production of bananas because it in producing it. The United States and Brazil when they specialize.

Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of John as a new partner would includea.

The dividend paid to a preferred stockholder is $3.50. The price of one preferred stock is $70. What is the cost of the preferred stock? 5% 10% 15% 20%

Arlington LLC exchanged land used in its business for some new land. Arlington originally purchased the land for $28,000. The new land had a fair market value of $35,000. Arlington also received $2,000 of office equipment in the transaction.

The organization primarily responsible for establishing accounting and reporting standards in the United States is the Financial Accounting Standards Board (FASB). True / False.

The supply curve for a good will be more elastic if: a. production inputs are readily available at a relatively low cost. b. there is very little time for producers to respond to a price change.

A good investment should do one or both of which two things?

Which of the following is a reason franchising has become popular in recent years? A) Franchise owners are free to set their own rules and operating standards, but they benefit from national ad programs ...

Viv entered into a contract with Rodin, an assassin, to kill her ex-husband. She pays him $50,000, but he does not perform the deed. She now wants her money back. Must Rodin return the money?

Palmer corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result in an annual increase in net income after tax of "$100,000".

The Chinese concept of guanxi is an example of: a. In informal, cognitive institutions. b. a regulative, formal institution. c. a favorite cooking method of Chairman Mao. d. taken-for-granted approaches to friendship relations.