It is a type of business that is recognized as a separate legal entity is called

a. law of supply

b. partnership

c. profit

d. corporation

Analytical procedures performed during an audit indicate that accounts receivable doubled since the end of the prior year. However, the allowance for doubtful accounts as a percentage of accounts receivable remained about the same.

The supply curve for a good will be more elastic if: spending on the good accounts for a large share of a consumer's income. there is very little time for producers to respond to a price change.

Pinnacle Corp. budgeted $264,760 of overhead cost for the current year. Actual overhead costs for the year were $214,170. Pinnacle's plantwide allocation base, machine hours, was budgeted at 50,840 hours. Actual machine hours were 40,770.

If your credit card number is stolen, but not the card, you are not liable for unauthorized use. (True or False?)

If the economy were encountering a severe recession, proper monetary and fiscal policies would call for:

Your company used $400 of electricity during your first month in business. The Electric Company sent you a bill at the end of the first month, but payment was not due until the 10th of month 2, so you did not pay the bill until month 2.

For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;

If Iron Horse Helmets (IHH) were to contract with a Chinese manufacturing firm to provide IHH with superior quality helmets for sale in the United States but discovered that the shipments were actually of inferior quality when they were received,

There are two goods, apples and oranges, in a country. If the relative price of apples (in terms of oranges) is 4 and the opportunity cost of an apple is 3 oranges, what will workers produce?

After writing an official document, what strategy can you initially use to ensure that it makes sense? Determine the purpose of the document. Define your audience. Delete all of the long words. Read it aloud to yourself.