What two conditions must hold for a competitive market to produce efficient outcomes?

Tree City reported a $1,500 net increase in fund balance for governmental funds for the current year. During the year, Tree purchased general capital assets of $9,000 and recorded depreciation expense of $3,000.

Why it is important to consider all aspects of a job before accepting the position? provide at least two reasons?

On December 1, 2018, Shamrock Company received $9,600 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019.

A cutting board must be set aside and shown to manager when it is

At the beginning of Year 1, a company reported a balance in common stock of $166,000 and a balance in retained earnings of $66,000.

Buying inventory in large lots to take advantage of quantity discounts can be responsible for a high inventory turnover ratio. True/False

The internal rate of return is the: Select one: a. Discount rate that results in a zero net present value for the project. b. Rate of return required by the project's investors. c. Project's current market rate of return. d. None of these choices. e.

Portable Pet Care, Inc., a mobile veterinary clinic, is planning for the future. The company owners (two seasoned veterinarians) have brought together the vice president of marketing and the director of information systems to talk about their

Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event will affect the company's accounting equation?

When a change in interest rates impacts the international value of the dollar limiting the effectiveness of fiscal policy, it is due to a. crowding out. b. crowding in. c. the slope of the AS curve. d. the net export effect. e. exogenous shocks.