A financial transaction that is added to a ledger balance is called a credit.

a. True

b. False

What happens to the number of coffee shops if the wage increases? What happens to the demand for employees for the coffee shops?

Kane Corp. obtained a loan for its business from a commercial bank by providing its property as collateral. Subsequently, it failed to repay the loan to the bank. What immediate action could the bank take as a way of disposal of property? 1.

Assume that Gallant Company uses a periodic inventory system and has these account balances: Purchases $484,050, Purchase Returns and Allowances $12,430, Purchase Discounts $9,150, and Freight-In $16,520.

You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. However, the development costs were so high that the shoes are priced 15 times higher than shoes without springs.

A "universal product code" (upc) : 1. was required by the federal fair packaging and labeling act. 2. slows down the retail checkout process. 3. all of the above are true. 4. involves placing the price per ounce on or near the product. 5.

Which statement is descriptive of the long run rather than the short run? The firm must pay an electric bill that varies each month as well as a mortgage payment of $10,000 per month.

When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?

Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and

The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.

A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.