The charter for KWCP minus TV , Inc. authorizes the company to issue 100,000 shares of $3 , no-par preferred stock and 500,000 shares of common stock with $1 par value. Record the transactions in the general journal.

When a price floor is set higher than the market price for a product, what will result? The quantity supplied will exceed the quantity demanded. The quantity demanded will exceed the quantity supplied.

The U. S. Treasury maintains accounts at commercial banks. What would be the consequences for the money supply if the Treasury shifted funds from one of those banks to the Fed? Answer yes or no to each of the following:A.

Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a a. debit to Cash b. credit to Customer Refunds Payable c. debit to Merchandise Inventory d. credit to Merchandise Inventory

T/F Workers' compensation laws are set by the federal government.

Seating Company is currently selling 1,400 oversized bean bag chairs a month at a price of $95 per chair. The variable cost of each chair sold includes $65 to purchase the bean bag chairs from suppliers and a $2 sales commission.

What way of calculating ROI makes it easiest to compare investments?

Select the correct answer. Which assumption is a factor in Ricardo's Theory of International Trade? A. trade flow is restricted across borders B. trade laws are different in different nations C. labor is an irrelevant factor of production D.

Some company executives favor the idea of contract manufacturing using local players, whereas others feel a direct investment strategy would be better. What would most strengthen argument for direct investment?

A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.

Which type of workplace culture emphasizes the development of new skills? a. achievement-based b. adaptive-based c. involvement-oriented d. consistency-oriented