Why do we need taxes

Which of the following facets of the external environment of business reflects the relationship between government and business? A. Political-legal environment B. Global business environment C. Sociocultural environment D. Economic environment E.

The budgeting process does not involve which of the following activities? a. Increase in sales by increasing marketing efforts. b. Execution of plans to achieve goals. c. Periodic comparison of actual results to goals. d.

Differences between planning and decision making

Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider Group of answer choices minimizing the length of time it will take to complete the degree.

Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form, but files a suit against the firm, alleging that its products are defective.

If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.

During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False

A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.

NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000

Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?