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Business
The article contains a chart showing changes in worldwide sales of coffee from 2006 through 2016. The chart is labeled, "World demand has expanded in the past decade." Data on the quantity of coffee sold and data on the demand for coffee the same thing. If the demand for coffee has not changed, then A. the quantity of coffee sold can increase if the demand curve does not shift. B. the quantity of coffee sold cannot increase. C. the quantity of coffee sold can increase if the supply curve shifts to the right. D. the quantity of coffee sold can increase if the supply curve shifts to the left.
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Neveah Arroyo
Business
Data for Sedgwick Company are presented in E12.8. Sedgwick Company now decides to liquidate the partnership. Instructions Prepare the entries to record: (a) The sale of noncash assets. (b) The allocation of the gain or loss on realization to the partners. (c) Payment of creditors. (d) Distribution of cash to the partners.
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Mercedes Bishop
Business
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the current fiscal year. What amount should Pribuss expense in its current-year income statement related to the above expenditures?
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Jared Payne
Business
Type of long term insurance offered by this company
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Rudy Romero
Business
On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty: • The supplies account balance on December 31 is $5,640. The supplies on hand on December 31 are $1,445. • The unearned rent account balance on December 31 is $5,400 representing the receipt of an advance payment on December 1 of four months' rent from tenants. • Wages accrued but not paid at December 31 are $2,125. • Fees earned but unbilled at December 31 are $18,590. • Depreciation of office equipment is $4,785. Required: 1. Journalize the adjusting entries required at December 31. Refer to the Chart of Accounts for exact wording of account titles. 2. What is the difference between adjusting entries and correcting entries?
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Marley Rogers
Business
Monopolistically competitive firms are productively inefficient because production occurs where:A. marginal cost is greater than marginal revenue. B. marginal cost is less than marginal revenue. C. average total cost is greater than the minimum average total cost. D. average total cost is less than the difference between average total cost and average variable cost.
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Brennen
Business
As the CEO of a start-up recycling company, you are interested in benchmarking industry leaders. Recology CleanScapes uses open-book management. Which of the following would you expect to find in an analysis of Recology CleanScapes?
A. Employees believe that being more efficient benefits both the company and themselves.
B. Employees understand how their job performance impacts company results.
C. Employees are dissatisfied because being asked to understand company financials is an unreasonable burden.
D. All are correct.
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Jaquan Estrada
Business
Carter co. sells two products, arks and bins. last year, carter sold 14,000 units of arks and 56,000 units of bins. related data are:
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Gaven Rose
Business
A large firm in the newspaper industry employs 250 people, of which 36 are upper-level managers. As a result of this employee-to-manager ratio, the firm experiences 14.4% reduced productivity. At the same time, a small firm with 65 employees and 4 upper-level managers experiences 6.2% reduced productivity. If everything else is constant, what can we say about the cost structure in this industry over this range of production?
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Brooke Chase
Business
Which element of the career development planning process is related to the changes expected in knowledge and skills en route to a career goal?
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Dahlia Howell
Business
A model of a new product is called a
Protype
Protocol
Projection
Precursor
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Lillie Santos
Business
Identify a disadvantage of being an S corporation.
a. Estates can be shareholders.
b. Losses flow through immediately to the shareholders.
c. Section 1202 treatment (qualified small business stock) is not available.
d. Tax-exempt income flows through as excludible to shareholders.
e. All of these are advantages of the S election.
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Frankie Abbott
Business
How can supply and demand for different careers affect job stability and income? Should you think about supply and
demand when considering your future career? Why or why not?
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Deon
Business
You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. However, the development costs were so high that the shoes are priced 15 times higher than shoes without springs. As a result, many of the shoes have gone unsold. What possible event could eliminate the disequilibrium in the market for shoes?
A. A study reveals that shoes with a spring can increase the chance of a broken leg.
B. There is an increase in income and "spring shoes" are a normal good.
C. There is an increase in income and "spring shoes" are an inferior good.
D. There is a decrease in the price of rubber, which is an input in the production of shoes.
B. There is an increase in income and "spring shoes" are a normal good.
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Madilynn Maxwell
Business
Whether a buyer or a seller pays more of a commodity tax depends on:
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