Which characteristic of competitive markets is mainly responsible for ensuring that prices will be kept low?

a. similar goods

b. many sellers

c. easy entry into and exit from the market

d. many buyers

e. differentiated goods?

Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivable $104,000 2. Issuance of common stock $256,000 5. Issuance of bonds payable $466,000 3. Payment of dividends $333,000 6.

Early Head Start is an example of A. private preschool. B. biological effect. C. a nurturing environment. D. private curriculum.

Stone Co. begins operations in 20X9 and reports $225,000 in income before income tax for the year. Stone's 20X9 tax depreciation exceeds its book depreciation by $25,000.

Income statement format; single step and multiple step [LO4-1, 4-3, 4-5] The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Debits Credits Sales revenue 3,350,000 Interest revenue 100,000

The phenomenon in which an insured individual takes less care in preventing the event against which she is insured is an example of double coincidence of wants. moral hazard. adverse selection. foolish behavior.

During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.

Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).

Name and describe the four basic types of fees and cost a franchise owner must pay

What is the difference between capital gain and capital loss?

g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.