The evidence of debt and personal promise to repay that debt is called

BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are father and son. Jack has a 10 percent interest in Trumpet Partnership.

Which of the following expenses incurred by a department store is an a. 18. indirect expense? Insurance on merchandise inventory b. Sales salaries Depreciation on store equipment d. c. Salary of vice-president of finance 19.

The "natural" rate of unemployment is the unemployment rate toward which the economy gravitates in the a. short run, and the natural rate is not necessarily the socially optimal rate of unemployment. b.

Assume the perpetual inventory method is used. 1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise to the supplier before payment was made.

The slope of the indifference curve is the ratio of the A. marginal utility of ice cream cones to the marginal utility of ice cream sandwiches. B. marginal utility of ice cream sandwiches to the marginal utility of ice cream cones. C.

Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $34,000.

Suppose the following two events occur in the market for elementary school teachers: a. Overcrowded schools and education budget cuts have discouraged young college students from pursuing careers in teaching. b.

A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, and organizations that specialize in handling sensitive and difficult decisions. A. True B. False

Samson Corporation issued a 4-year, $75,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $47,664. The implicit interest rate is 12%.

One basic difference between "land" and "capital" resources is that land is multiple choice manufactured while capital is a gift of nature. unlimited while capital is limited. a gift of nature while capital is manufactured.