Define the term partnership as a type of business.

The journal entry to close revenue accounts includes a. debiting the revenue accounts and crediting Income Summary. b. debiting Income Summary and crediting the revenue accounts. c. debiting the revenue accounts and crediting Cash. d.

Blue Sky Company's 12/31/21 balance sheet reports assets of $7000000 and liabilities of $2800000. All of Blue Sky's assets' book values approximate their fair value, except for land, which has a fair value that is $420000 greater than its book value.

The law of demand states that A. demand will exist as long as people have money to buy things. B. people will always buy moremore of a good or service when its price risesrises. C. price will fallfall as demand risesrises. D.

What is the margin of safety? A) how much sales can fob for a business start making less than 5% B) how much sales can fall before a business starts making a loss C) how much sales can fall before a business makes less than 15% D) none of the above

A share of preferred stock for Marshall Manufacturing currently sells for $120. It offers the investor a dividend rate of 8%, on a par value of $100.

If the technology is flexible it becomes more difficult to distribute manufacturing in many local facilities. it becomes more difficult to consolidate manufacturing in a few large facilities.

A person buys a flat screen, plasma, theater-like television. the person has homeowner? s insurance. why would it be appropriate to add a personal property floater to that insurance?

What type of business makes physical goods that customers can see or touch

Jase Manufacturing Co.'s static budget at 7,800 units of production includes $39,000 for direct labor and $2,340 for electric power. Total fixed costs are $39,700.

Why is it important for organizations and their managers to pay close attention to fair employment practices?