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Asa Pennington
On July 1 of the current calendar year. Olive Co paid 7700 cash for management services to be performed over a two year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include
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Maddison
SRB Company had an inventory loss from a market price decline that occurred in the first quarter. The loss was not expected to be restored in the fiscal year. However, in the third quarter, the inventory had a market price recovery that exceeded the first-quarter decline. For interim financial reporting, the dollar amount of net inventory should? a. Decrease in the first quarter by the amount of the market price decline and increase in the third quarter by the amount of the market price recovery. b. Not be affected in either the first quarter or the third quarter. c. Not be affected in the first quarter and increase in the third quarter by the amount of the market price recovery that exceeded the amount of the market price decline. d. Decrease in the first quarter by the amount of the market price decline and increase in the third quarter by the amount of the decrease in the first quarter.
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Walter
Which of the following is true regarding the target inflation rate? Instructions: You may select more than one answer. A. A positive target inflation rate increases the likelihood that firms will need to reduce nominal wages when the demand for labor falls. B. A positive target inflation rate is preferred because the country will be able to better avoid a liquidity trap. C. A positive target inflation rate increases the risk of deflation. D. A target inflation rate of zero is a good policy because this will keep prices stable.
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Ayaan
Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3.20 per unit. Bluebird currently produces and sells 75,000 units at $7.20 each. This level represents 80% of its capacity. These bird feeders would be marketed under the wholesaler's name and would not affect Bluebird's sales through its normal channels. Production costs for these units are $3.80 per unit, which includes $2.35 variable cost and $1.45 fixed cost. If Bluebird accepts this additional business, the effect on net income will be:
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Aron Wiley
If you can't identify the author of a document on the Internet, your textbook recommends that you

a. look up the year the document was published.

b. bookmark the document and return to it later.

c. try to determine the sponsoring organization for the document.

d. double-check the accuracy of the document's URL.

e. search for the document in the library.
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Louis Whitehead
Samantha has been asked to join a task force that is charged with boosting organizational productivity. First, she was asked to jot down ideas on how to increase productivity, and after that, the group met to discuss everyone's ideas and come up with solutions together based on those suggestions. Samantha's taskforce best exemplifies which creative problem solving method? A) Traditional brainstorming

B) Electronic brainstorming

C) Nominal group technique

D) Groupthink
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Ajax
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After determining that someone has had too much to drink, there are eight steps you should take to cut

someone off. What is the first step?
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Journey Pham
On January 1, 2019, Zena contributes property with a fair market value of $70,000 and an adjusted basis of $52,000, as well as legal services worth $8,000, to XYZ Partnership. Zena purchased the property on October 13, 2013. What is the partnership's basis in the property?
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Duncan Guzman
A simultaneous rise in productivity and nominal wages would shift the short-run aggregate supply curve to the: right if the cost per unit of output rises. left if the rise in nominal wages is larger than the rise in productivity. left if the cost per unit of output falls. right if the rise in nominal wages is larger than the rise in productivity.
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Ryland Schroeder
Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store. This volume of goods is the result of a. The purchasing agents of Home Depot who have determined what goods producers have available. the purchasing agents of Home Depot who have b. Determined what goods consumers want. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding c. What to produce to maximize profits. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what d. To produce to satisfy their wants.
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Cale Douglas
What characteristics would you say are true earmarks of an employee who is unprofessional in his or her approach to work?
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Hadley Mcclure
The downward-sloping demand curve of a monopolistic competitor Multiple Choice A. reflects product differentiation.

B. becomes horizontal in the long run.

C. indicates collusion among the members of the product group.

D. ensures that the firm will produce at minimum average cost in the long run.
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Adan Warren
Which of the following types of entry into a foreign market allows a firm to learn about the foreign market while limiting the firm's exposure to that market? A. Early entry B. Small-scale entry C. Large-scale entry D. Late entry
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Christopher Goodwin
Mary Cooper just purchased 180 shares in the All-American Fidelity Fund. The purchase cost for each share was $13. If this fund charges a 3 percent load, what is the total amount of commission she will pay the investment company?

A. $35.10

B. $65.20

C. It is impossible to calculate the amount of the commission from the information provided.

D. $70.20

E. $75.20
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Rayne Anthony
Compute the selling price of a sports drink that has a cost of $1.25 per item. The store needs to generate a profit of $0.50 per item.
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