Amounts that a business must pay in the future are known as:

a. accounts receivable.

b. accounts payable.

c. capital.

d. expenses.

1. In the economic system workers and businesses are both __ and __. 2. Businesses like Wal-Mart, Apple, Netflix, and many others are motivated by the __ so they use monetary __, a type of cost-benefit analysis in order to make decisions. 3.

A local university is considering changes to its class structure in an effort to increase professor productivity.

Suppose the tax rate on the first $10,000 of income is 0 percent; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on income over $60,000. Family A has an income of $55,000.

All else being equal, if the law of supply states that as the price of a good, service, or resource rises rev: 05_02_2018 Multiple Choice the quantity demanded will decrease, which explains the shape of the supply curve.

Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 10 percent and the interest is paid semiannually. The yield to maturity on the bonds is 14 percent annual interest.

Motorcycle Manufacturers, Inc., projected sales of 57,400 machines for the year. The estimated January 1 inventory is 6,890 units, and the desired December 31 inventory is 7,240 units. The budgeted production for the year is?

ewok enterprises recently elected the fair value option to account for its investment in yoda inc. ewok purchased the shares for 21000 and the shares are currently trading for 190000 at year end.

The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000.

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts.

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 40 comma 000 Actual rate per hour $ 12.00 Standard rate per hour $ 11.