The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a year-end credit balance equal to the cost of warranty repairs made during the year. is closed at the end of the year.

An investment center manager has three potential projects to accept or reject. Return on Investment (ROI) of these three projects is 12%, 15%, and 18%. Residual income of these projects, respectively, is $1,000, $50,000, and $400,000.

Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $20 per share. Record the issuance of the stock.

Which part of the marketing concept is concerned with using information about present and potential customers to provide a product that will satisfy them at a price that is acceptable to them, that will yield a profit, that will promote the product,

On January 1 of the current year, East Corp. adopted a defined benefit pension plan. The planâs service cost of $75,000 was fully funded at the end of the current year.

Is comparative advantage based upon who can produce the most of a particular good?

Firm X and Firm Y both sell the same products at the same price; both firms are the same size with identical sales levels; Firm X has lower fixed costs and higher variable operating costs than Firm Y.

Which incentives do interest groups engage in to overcome the free rider problem? a. special discounts b. subscription to a magazine c. access to special information on the Internet d. All of these are correct

Which of the following items is included in the financing activities section of the statement of cash flows? A. Cash effects of transactions involving making and collecting loans. B.

A rapid build up of inventories normally requires additional financing, unless the increase is matched by an equally large decrease in some other assets. True False

Amy has recently joined a new research institute. She had initially thought that her job would entail a lot of field work, which would allow her to gain some practical experience, but her manager just gives her a lot of paperwork instead.