When one enters a $50,000 credit entry to the Land account in a spreadsheet for the statement of cash flows, it represents a negative change in that account and probably is due to selling such assets. True or False

Consumer protection is an important issue, but how much responsibility should the government have in protecting consumer? There are many products that pose a health hazard yet are legal.

Some of the balances on Carla's Cookies June 30th trial balance include Cash $100,000, Accounts Receivable $50,000, Equipment $25,000 and Accounts Payable $75,000. During the month of July, the company used cash to purchase $8,000 of equipment.

Some corporate founders of Smith Company want to restrict the transferability of their stock and hold it in the hands of only a few individuals who are not allowed to sell it to the general public. What type of company is Smith Company?

You are part of a task force with a group leader who has a distant relationship with group members and who is concerned with getting the job done. which type of leader does your task force have?

When universities charge students less than the equilibrium tuition for admission, they have to impose some nonprice-rationing device. Group of answer choices True False

cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass are required to make each pair of skis.

Direct materials and direct labor of a company total $7300000. If manufacturing overhead is $3650000, what is direct labor cost? a. Cannot be determined from the information provided. b. $3650000 c. $0 d. $7300000

Suppose you go out with your friend for coffee and donuts at the local donut store. the first donut you eat tastes incredibly good. the second one also tastes pretty good. the third donut seems just okay.

One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flour increases, what will happen to the supply of bubble tea, all else being equal?

If you put all the profits into your business, you may not be able to do which of the following? A: hire an accountant B: fund your IRA C:pay for your marketing D:develop new products