Lange Company purchased land for $75,000 in 2017. In 2019, the land was valued at $93,000. The land would appear on the company's December 31, 2019 balance sheet at:

Although the courts seldom consider the adequacy of consideration, they may refuse to enforce an agreement which purports to exchange something of significant value for something of nominal value (sometimes called "a peppercorn").

Barry often works outdoors, where he measures property boundaries for various clients. He also analyzes the land to determine whether it can be safely built on. His job is best described as.

Mustafa, a 40-year old accountant, works for a large manufacturing firm. mustafa's wife, ana, paid nothing for the authorized baby immunizations for their children, amy and louise. amy and louise receive well-child pediatric care for $5 per visit.

Assume that a consumer is currently maximizing satisfaction and attending both movies and basketball games.

27. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing.

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

16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"

Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $3 per bushel, and 5 million

A company is just getting started and needs new equipment, but does not have a large amount of cash. Since the company business will also require frequent updating of the equipment, it is better to