Choose all that apply.

Select sources of income.

- wages from your job

- a rent check from someone renting a property you own

- interest deposited into your savings account

- commission for a sale

An airlines realizes that instead of offering free checked in baggage, they could put a charge on checked baggage without the demand for the tickets decreasing.

Vertical analysis compares the components of the balance sheet with a base item. O True O False

If velocity were constant at 2 while m2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal gdp?

How would a purchase $400 of inventory on credit affect the income statement? A. It would increase liabilities by $400. B. It would decrease liabilities by $400. C. It would increase noncash assets by $400. D. Both A and C E. None of the above

At the end of its first year of operations, Eagle Manufacturing has a deductible temporary difference of $100,000. Eagle has income taxes payable of $90,000 due to a tax rate of 20%. Eagle also recorded a deferred tax asset.

Orange Corporation is developing standards for its products. Product A requires a material that is purchased for $80.00 per pound from the supplier. By paying cash, the company gets a discount of 3% off this purchase price.

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800

Which of the following is a positive economic statement? A. The government should implement a national consumption tax. B. The standard of living in the United States is too low. C. The U. S.

Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time.

In one to three sentences, describe reliable financial information.