What is a disadvantage of using credit?

A vendor offers to provide a $500 payment to a teacher for going "above and beyond" their normal duties and assisting the vendor deliver tutoring services. The principal considers it a stipend and approves. Is this allowable?

Why is a sales tax a regressive tax?

For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget of planned air miles to be flown. A fuel budget. A materials budget for aircraft parts. A labor budget for flight crew.

A company reported that its bonds with a par value of $50,000 and a carrying value of $63,500 are retired for $67,800 cash, resulting in a loss of $4,300. the amount to be reported under cash flows from financing activities is

The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,400 Accounts Receivable 3,700 Prepaid Insurance 4,000 Notes Receivable (long-term) 4,700 Equipment 20,500 Accumulated Depreciation $ 6,000

Firm a is a new producer in the market for good x, which is characterized by linear demand and supply curves. initially, to attract customers, the firm prices its product low at $8 per unit.

When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled apartment will be able to find one. a shortage of the apartments will develop. a surplus of apartments will emerge.

Below is a common problem in which the payments are not the same time period as the interest rate or the time period.

The following data were taken from the records of Action Company and Brown Company: (Data are in thousands) Action Company Brown Company Current assets $15,000 $10,000 Current liabilities $14,500 $5,000 Working capital $500 $5,000 Current ratio 1.

Harcourt Manufacturing (HM) has the capacity to produce 10,000 fax machines per year. HM currently produces and sells 7,000 units per year. The fax machines normally sell for $100 each.