Which of the following best explains how free choice is protected in a free market system

A company receives $6,500 for two season tickets sold on September 1. If $2,500 is earned by December 31, the adjusting entry made at that time is a debit to Cash, $2,500, and a credit to Ticket Revenue, $2,500. A. TrueB. False

A firm with market power has an inverse demand curve of P = 450 - 5Q and marginal cost of MC = 40Q, where Q is measured in thousands. What is the deadweight loss from market power at the firm's profit-maximizing output level? A. $280,000 B. $9,400 C.

The following four steps are used to assign costs to products using the weighted average process costing method. 1. Calculate the cost per equivalent unit. 2. Summarize the physical flow of units and calculate equivalent units. 3.

Oliver Co. increased sales from $100,000 to $150,000 while controlling expense growth so that operating income increased from $30,000 to $35,000. Assuming investment in operating assets remains constant at $50,000, what is the effect on ROI?

A_ defines how the marketing group will use its resources to support the company's goals for growth and earnings.

Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts.

A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the payback period for the new machine? a. 4 years. b. 6 years. c.

A company purchased a delivery van for $15,500 with a salvage value of $2,300 on September 1, Year 1. It has an estimated useful life of 4 years.

Money has a time value because

Differentiate between needs and wants?