Baco opens its business in 20x2 and purchases merchandise on account for $88000. In 20x2, baco pays $67000 cash on the $88000 due, sales are $145000 and ending inventory is $24000. Baco gross profit for 20x2 is?

Making a good first impression is vital, since we tend to form an opinion in about A. thirty seconds. B. thirty minutes. C. two minutes. D. ten seconds.

Mulligan, Inc., which uses a process-cost accounting system, passes completed production from Department A to Department B for further manufacturing.

Gibson Company paid $24,000 on June 1, 2017 for a two-year insurance policy and recorded the entire amount as Insurance Expense. The December 31, 2017 adjusting entry is a. No entry b. Unearned Rent Revenue 8,000 Rent Revenue 8,000 c.

Sykes Corporation's comparative balance sheets at December 31, Year 2 and Year 1 reported accumulated depreciation balances of $800,000 and $600,000 respectively.

In the Cournot model, a firm maximizes profit by selecting A. its output, assuming that other firms keep their output constant. B. its price, assuming that other firms keep their price constant. C. its price, assuming that other firms will retaliate.

A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:

Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.

Describe how legal contracts provide incentives for people to exchange goods and services

List four wan technologies that are carried over the pstn.

Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth