Economics concerns the allocation of resources for which processes?

a. production and distribution

b. consumption and destruction

c. innovation and efficiency

d. expansion and stagnation

Suppose your uncle offers you $100 today or $150 in 10 years. you would prefer to take the $100 today if the interest rate is

Freedonia has a comparative advantage In the production ofwhile Desonia has a comparative advantage in the production of Suppose that Freedonia and Desoria specialize in the production of the goods which each has a comparative advantage.

A substantial appreciation of the U. S. dollar will likely result in, all else equal, A. higher U. S. dollar prices of foreign products in the United States. B. increased demand for U. S. products and increased employment of U. S. workers. C.

Which of the following describes the process by which radical changes needed to meet higher customer expectations can be achieved Information management and modification Standard operating procedure (SOP) alignment Business process reengineering

On April 1, the company hired an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the company on May 12. Prepare the required adjusting entry, if any.

A firm had merchandise inventory of $30,000 on January 1, 2019. During the year the firm had purchases of $54,000, freight in of $1,200, purchases returns and allowances of $2,700, and purchases discounts of $900.

If the one-year discount factor is 0.8333, what is the discount rate (interest rate) per year?

Summarized operations for Splish Brothers Inc. for the month of July are as follows. Revenues recognized: for cash $30,000; on account $71,480. Expenses incurred: for cash $26,120; on account $41,220. Indicate for Splish Brothers Inc.

Which accounting assumption or principle is being violated if a company reports its corporate headquarter building at its fair value on the balance sheet? Monetary unit Full disclosure Historical cost Going concern

A consumer is currently spending all of her available income on two goods: music CDs and DVDs. At her current consumption bundle, she is spending twice as much on CDs as she is on DVDs.