The entry to record the purchase of supplies for $200 on account would be which of the following?

A. Supplies 200

Cash 200

B. Supplies 200

Accounts Payable 200

C. Cash 200

Supplies 200

D. Cash 200

Supplies Expense 200

When a firm gets so large that coordination and management of workers and other inputs becomes costly and difficult, it is experiencing which of the following?

In a market economy, government intervention O a. will always improve market outcomes. b. reduces efficiency in the presence of externalities. C. may improve market outcomes in the presence of externalities. d.

In its negotiations with its investment bankers, Patton Electronics has reached an agreement whereby the investment bankers receive a smaller fee now (6% of gross proceeds versus their normal 10%) but also receive a 1-year option to purchase an

On October 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that the account should be written off.

For capital budgeting and cost of capital purposes, the firm should always consider retained earnings as the first source of capital (i. e., use these funds first) because retained earnings have no cost to the firm. A. True. B. False.

George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.

Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.

Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.

Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.