Specialization is important in an economy because it leads to which important economic concept?

allocation of resources

price ceilings

government regulation

voluntary exchange

Is computer software a durable or nondurable good?

Ken, a C. P. A., charges an annual fee to all of his clients for his services. Ken's services sometimes include investment advice but no extra fee is charged for that advice.

You have started a software development firm, and your goal is to be as customer-focused as possible. Which of the following system development methods is most appropriate to your organizational goal? a. object-oriented development b.

Arnold approached a bank to get a loan for a business he planned to launch later in that year. He explained his business idea and its capital requirements to the bank manager.

Potomac Corporation wants to sell a warehouse that it has used in its business for 10 years. Potomac is asking $450,000 for the property. The warehouse is subject to a mortgage of $125,000. If Potomac accepts Wyden Inc.

In the current year, Mitchell Manufacturing expected Job No. 13 to cost $600,000 of overhead, $650,000 of materials, and $400,000 of labor. Mitchell applied overhead based on direct labor cost.

Cullumber Company has issued three different bonds during 2019. Interest is payable annually on each of these bonds. 1. On January 1, 2019, 1,000, 6%, 5-year, $1,000 bonds dated January 1, 2019, were issued at face value. 2.

All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.

Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.

Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan