True or false: capitalism is a competitive economic system in which private citizens own the factors of production

Salaries Expense before adjustment at September 30, the end of the fiscal year, has a balance of $140,000. The amount of accrued salaries is $3,100. The closing entry (after adjustments) would be:

Trevor gets a haircut before his interview. He wears his best suit to the interview. Walking into the room, he says hello, looks at his hands, gives the interviewer a strong handshake, and smiles widely.

Students are constructing models for how gasoline prices change. Maria's model has very realistic assumptions and is quite complex. Anna's model is less complicated and less realistic.

Which is an example of a positive incentive for consumers 1 A sales tax imposed by a state 2 A steady rise in profits over a year 3 A coupon clip from a newspaper 4 An increased in price for a popular product

Mary is considering hiring another worker in an assembly line for MP3 speakers. Mary knows the average product of labor is 15 speakers per day. She also believes that the next worker hired will produce an extra 12 speakers per day.

What does homeowner's insurance pay for in case of damage to your house and its contents? apex?

If a perfectly competitive firm is facing a situation where the price of its product is lower than the average total cost, which of the following statements is true?

Miles uses the allowance method and wrote off the account of james. miles then received $559 as partial payment on the account of james. the journal entry to record the initial write-off includes? a

U. S. Interest Rates during the Credit Crisis During the credit crisis, U. S. interest rates were extremely low, which enabled businesses to borrow at a low cost.

The following production data were taken from the records of the finishing department for June:Inventory in process, June 1, 25% completed 1,500 unitsTransferred to finished goods during June 5,000 unitsEquivalent units of production during June