Earnings per share is a corporation's after-tax earnings divided by the number of stockholders.

a. True

b. False

Many different project life cycle models are used for different types of projects, such as information systems, improvement, research and development, and construction. a. True b. False

Sebadoah is a barber who does his own accounting for his shop. Sebadoah purchased $1,500 of supplies in January and his inventory at the end of January shows $300 of supplies remaining. What adjusting entry should Sebadoah make on January 31?

Suppose that Nowhere State University (NSU) seeks to increase its total revenue from tuition paid by students. To do this, NSU decides to increase the tuition it charges to students.

Ingrid is single with no dependents. She has been in the hospital with a coma for the last 2 weeks. Her bills are piling up and her rent on her apartment is due.

Time span during which cash is paid for goods and services which are then sold to customers

Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.

An asset was purchased for $60,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000.

Which of the following is true? A. Both microeconomics and macroeconomics deal with same economic issues of inflation, unemployment and growth. B.

Using the adage you get what you measure when designing the performance evaluation system

Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each week, keeping track of how many she sells.