As the president of harter company, you notice that no discounts have been taken when settling accounts payables. what would be an acceptable explanation?

Do It! Review 1-3 (Part Level Submission) Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.

1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $9.00.

Jill invests $1,000.00 to buy ten shares of Good Corporation. The corporation goes bankrupt having no assets and $1 million in liabilities. The most Jill can lose is the $1,000.00 she invested.

Summarize the internal control principle of establishing responsibility by completing the following sentence.

What factors caused American business to develop into a mixed economic system rather than some other type of economic system?

Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.

A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.

When banks spend (or loan) money, the money supply increases and when interest / loan payments are received, the money supply declines ... True false

On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements.

Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid the out dividends of $10,000. At the end of 2016, Company X had a retained earnings balance of $60,000.