True or false: capitalism is a competitive economic system in which private citizens own the factors of production

On July 1, 2018, Herzog Mining lends cash and accepts a $9,000 note receivable that offers 10% interest and is due in nine months. How would Herzog record the transaction on April 1, 2019, when the borrower pays Herzog the correct amount owed? A.

Suppose there is a policy debate over whether the United States should impose trade restrictions on imported steel rods: The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the

Compared to commercial banks, finance companies usually signal solvency and safety concerns by

Vineyard Corporation, a manufacturer of fine wines, began the year 2016 with 20,000 bottles in inventory.

One advantage of nonfinancial measures is that managers directly involved in operations are likely to understand them.-true or false

Many cooks view butter and margarine to be substitutes. if the price of butter rises, then in the market for margarine:

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable

True or false? adults are categorized as those ages 25-64.

Agnes sold 50 shares of ABC stock to her son, Steve, in year 4 for $42,000. She bought the stock eight years ago for $50,000. Steve sold the stock to an unrelated party in year 6 for $60,000.

Denim Supply Inc. does not feel the pressure to create custom jeans for any of its markets around the world, but it does want to focus on cost reductions. What strategy should this company consider using to achieve this?