Expenses of time, energy, and money not included in the purchase price of a product are known as.

hidden costs

c. service costs

b. implied costs

d. value-added costs

Entrepreneurs do not use which of the following to introduce innovations into a market? O A. New economic systems O B. New forms of organization O C. New means of production O D. New products

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? A. an increase in inventory B. a decrease in accounts payable C. preferred dividends declared and paid a D.

What is microeconomics? Is microeconomics a positive or normative science?

The following transactions pertain to the operations of Ewing company for year 2. 1. Acquired $30,000 cash from the issue of common stock 2. Provided $65,000 of services on account 3. Paid $22,000 cash on accounts payable 4.

Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $12,000 of unpaid and unrecorded salaries. the next payday is january 3, at which time $30,000 will be paid.

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800

Which of the following is a positive economic statement? A. The government should implement a national consumption tax. B. The standard of living in the United States is too low. C. The U. S.

Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time.

In one to three sentences, describe reliable financial information.

When using statistics to support a speech, it is best to do all of the following except: a. use statistics to quantify ideas. b. use statistics to explain. c. present statistics with charts or graphs so it is easier for listeners to grasp d.