The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

a) true

b) false

Suppose you are 35 and have a $45,000 face amount, 15-year, limited-payment, participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $405.

Some credit card companies are making credit scores available to all of their customers on their monthly statements. What impact would you expect to see as a result of this change?

How is information systems transforming business, and what kind of career opportunities exist in this relatively new field?

The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to A. Maximize managers' own interests, which are by definition consistent with maximizing shareholders' wealth. B.

Which of the following is a con of buying a franchise?

Rowan Co. purchases 100 common shares (40%) of JBI Corp. as a long-term investment for $500,000 cash on July 1. JBI Corp. paid $5,000 in total cash dividends on November 1 and reported net income of $100,000 for the year.

The accumulated depletion account is a. an intangible asset account b. reported on the balance sheet as a deduction from the cost of the mineral deposit c. an expense account d. reported on the income statement as other expense

The project will require an initial investment of $20,000, but the project will also be using a company-owned truck that is not currently being used. This truck could be sold for $14,000, after taxes, if the project is rejected.

Many new business will run at a loss in the beginning? A. TRUE B. FALSE

The one-to-one property of natural logarithms states that if ln x = ln y, then