An extreme case of oligopoly in which firms collude to raise joint profits is known as

a. duopoly. cartel. dominant producer. price war.

Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:a. A debit to Cash for $388.50. b.

First city bank pays 8 percent simple interest on its savings account balances, whereas second city bank pays 8 percent interest compounded annually.

Jones co. returned merchandise purchased from smith co. under the perpetual inventory system, the journal entry to record the return of merchandise by jones would be

The fisher effect predicts that an increase in expected inflation will lower the interest rate on bonds. true false

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers.

Barbiturates are among the most widely used depressant drugs (true or false)

On January 1, 2019, Grouper Corporation granted 10,800 options to key executives. Each option allows the executive to purchase one share of Grouper's $5 par value common stock at a price of $20 per share.

Which of the following is true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college choosing to report as a special-purpose entity engaged in business-type activities only?

How does a pension fund act as an investor? a. The fund lends money to those who are also investors in it. b. The company invests the money collected from employers and/or employees. c.

The company pre-paid $40,000 for a four-year insurance policy on January 1, 2014. At the end of 2017, before the books were closed, it was discovered this full amount had been incorrectly expensed on January 1, 2014.