Adjusting entries affect at least one a. revenue and the dividends account b. revenue and one owner's equity account c. asset and one owner's equity account d. income statement account and one balance sheet account

Explain how incentives and the limited role of government function in a free enterprise system.

If Congress passed a law today that made it illegal for a convicted felon to own or possess body armor that had been "transported, shipped, or received in interstate or foreign commerce," and it was challenged, the Supreme Court likely would: a.

Consumer surplus arises in a market because: A. at the market price, quantity supplied is greater than quantity demanded B. at the current market price, quantity demanded is greater than quantity supplied. C.

Which budgeting method entails defining specific promotion goals, determining the necessary tasks, and estimating the costs to determine a promotion budget?

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers.

According to computer estimates using a traditional macroeconomic model, the Obama administration found that the multiplier for tax cuts and government expenditures were respectively a ...99 and 1.59. b. 1.59 and. 99 c. 1.3 and 1.7

Aaron has recently started working at a credit union. Which motive might have prompted Aaron to join the credit union? A. to earn profit B. to sell the organization's stocks in the financial market C.

The Ethics Review Board at XYZ College is composed of students who were elected by the student body. When a student is charged with an ethics violation, the Board meets to hear both sides of the dispute in a confidential meeting.

You buy a house for $220,000 in a neighborhood where home prices have risen 5% annually on average. You suspect that growth in home prices will slow to an average of 3.5% per year over the next five years. If your growth estimate of 3.

Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $30,500.