Advertising, fashion trends, and new product introductions serve to

a. create consumer needs.

c. create consumer demand.

b. increase income effectiveness.

d. minimize the income effect.

The city council of Lake Jefferson wants to establish a small botanical garden in the city park. The council decided to put aside funds in the amount of $22,000 to build and establish the botanical garden.

How relevant are references when information about an applicant can be easily located through an online search of blogs, social networking sites, and news sources?

Madrigal Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage value and a return on investment (ROI) of 15%. ROI is computed using annual cash flows and straight-line depreciation.

Keynes argued that a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand. b. supply creates its own demand. c. prices are flexible in a downward direction. d.

Oriole Company reported net income of $189,230 for 2022. Oriole Company also reported depreciation expense of $38,350 and a loss of $4,720 on the disposal of plant assets.

In a pure market economy, the government controls most actions. A. True False

Raphael lives in Houston and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars.

Layla Fox is a creative, imaginative, artistically sensitive individual who loves to take on new opportunities. She is a successful manager who believes that she makes her own destiny through hard work and listening to people.

Bramble Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and paid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4.

In a process cost system, a work in process account is maintained for each process. one work in process account is maintained for all the processes, similar to a job order cost system. a work in process account is maintained for each product.