Define the term savings as it is used in economics.

a. income that is not used for consumption

b. money that is spent during a depression

c. revenue that is stored for later consumption

d. profit that is used for capital deepening

At the end of the current year, the accounts receivable account has a debit balance of $1,095,000 and sales for the year total $12,420,000. The allowance account before adjustment has a debit balance of $14,800.

Can a business be profitable but not solvent? Explain.

An asset that is generally not expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer, is: Multiple Choice: O Building. O Accounts receivable. O Inventory. O Supplies.

Im se konsa konfizyon moun jis pa konnen ki sa yo di oswa fe ede mwen

True or false? Affinity Audiences allows advertisers to reach people who're actively researching and intending to buy the products or services they offer.

Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.7 million.

The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called: Multiple Choice The expense recognition (matching) principle. A contra account.

April 1 purchased land for $2,160,000. may 1 sold equipment that cost $1,020,000 when purchased on january 1, 2014. the equipment was sold for $612,000.

In Keynes's liquidity preference theory, what variables determine the demand for real money balances? A. The demand for real money balances depends on the interest rate and net exports. B.

Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence