Checks are promises to pay a sum of money at some time in the future.

a. True

b. False

Which of these job characteristics would result in the learning curve having less of an effect?

Compound interest is usually better than simple interest because it pays interest on the principal and the interest earned in each period. interest on the entire principal rather than the interest in each period.

A market niche that is too small to attract the attention of major corporations can prove to be quite profitable for a small business. true or false

True or false. the u shape of the long-run atc curve is the result of diminishing returns.

Yong contributes a machine having an adjusted basis of $20,000 and an FMV of $25,000 for a 10% partnership interest. Yong had taken $10,000 of depreciation prior to the contribution. The partnership has no liabilities.

A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following? A) decrease in the average price level B) increase in the average price level C) increase in real output

Free market economy how are prices set?

Patel Service Co. does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During Year 1, Patel Service Co.

Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: a. the contribution margin on the order. b. the incremental costs associated with the order. c.

The debit side of an account a. depends on whether the account is an asset, liability, or owner's equity b. is the left side of the account c. can be either side of the account depending on how the accountant set up the system d.