At the market price for a product, quality demanded is equal to the quantity supplied. There is no excess demand and no excess supply. What economic term would describe this scenario?

Blake eats two bags of generic potato chips each day, and does not purchase any name-brand chips. Blake's hourly wage increases from $ 8 to $ 15, and he decides to eat one name-brand bag and one generic-brand bag each day.

The constitution sets forth specific powers that can be exercised by the national government and provides that the national government has the implied power to undertake actions necessary to carry its expressly designated powers.

One problem with socially responsible business policies is that they tend to undermine the value of the firm to its owners. True or False?

When a classified balance sheet is prepared, merchandise inventory is: (A) Not reported as a current asset because it is not sufficiently liquid. (B) Usually listed after prepaid expenses according to its nearness to liquidity.

Some friends and i are heading to a concert. We all have purchased $50 tickets. I just realized that I lost my ticket on the subway ride to the concert. I am confronted now with a decision of whether or not to buy a new ticket and go to the concert.

Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams had purchased in February for $39,600 as an investment.

There is a difference between the income tax payable account and the income tax expense account in the financial statement of the sooners corporation which account attributes to this difference A. Depreciation B. Petty cash on hand C.

At the market price for a product, quality demanded is equal to the quantity supplied. There is no excess demand and no excess supply. What economic term would describe this scenario?

Which of the following is true of relevant costs? a. Relevant costs are past costs that do not differ from one alternative to another. b. Relevant costs have no effect on decision making. c. Relevant costs are sunk costs that alter future decisions.

On its 2011 balance sheet, Bank of America Corporation reports marketable debt securities of $311,416 million. The footnotes disclose that these securities have an amortized cost of $306,437 million.