Give one example of a fungible good and one example of a non-fungible good. What is the difference between the two types of goods, why is it important?

If the demand for gasoline becomes more elastic over time, a. the demand curve will become flatter. b. other things being equal, the equilibrium quantity of gasoline must fall. c. the demand curve will shift out. d.

Nellie has an idea for a new shopping plaza for the local community. Which two professionals would she most likely interact with if she needs to get approval for her business?

Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing process. Variable costs are $5.

Most middlemen have little loyalty to their vendors. They handle brands in good times when the line is making money but quickly reject such products within a season or a year if they fail to produce during that period.

Quantas Industries sold $325,000 of consumer electronics during July under a nine-month warranty. The cost to repair defects under the warranty is estimated at 4.5% of the sales price.

Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? a.

Which of the following is an example of an action that is part of making a rational choice

A = The amount of tangible assets contributed by the new partner into the partnership B = The amount of capital credited to the new partner C = Total Capital of the partnership before the admission of a new partner D =

Purchased 18-month insurance policy for cash. Prepaid Insurance 2. Paid weekly payroll. 3. Purchased supplies on account. 4.

Shanna, a calendar year and cash basis taxpayer, rents property from Janice. As part of the rental agreement, Shanna pays $8,400 rent on April 1, 2018, for the 12 months ending March 31, 2019. a.