You record the debit entry for transaction (B) 5/2 in the journal as Date Description Debit Credit A. May 2 A/P-Craft Bank 3,500.00 B. May 2 A/P-Craft Bank 3,500.00 C. May 2 Equipment-Store 3,500.00 D. May 2 Merchandise 3,500.00

With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on

What values can you expect from a person of integrity

How does the study of economics depend upon the phenomenon of scarcity?

Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month.

This type of manager is seen as 'the worker bee' of the company. A. Top-level manager B. Middle manager C. Operational manager

If profits are positive in the short run in a perfectly competitive industry, which of the following would you NOT expect to happen as the market moves to the long run? A. Each firm will decrease output. B. Profits of each firm will fall. C.

A surplus means a (n): a. situation where the current market price is too low. b. excess supply of the product at the current price. c. situation where the quantity supplied is less than the quantity demanded. d.

Brief Exercise 13-05 Pronghorn Inc.'s $11 par value common stock is actively traded at a market price of $14 per share. Pronghorn issues 5,900 shares to purchase land advertised for sale at $77,000.

A cow has just given birth in a pen. Travis needs to place more straw in the pen, so he hops in the pen and distributes the straw. Are his actions safe? A.) Safe B.) Unsafe

Which person is responsible for the financial support of the production and, working closely with the director, also contributes to many "directorial" decisions in the production process?