The amount of a good that must be given up to produce another good is the concept of:

a.

scarcity.

b.

specialization.

c.

trade.

d.

efficiency.

e.

opportunity cost.

The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $200,000 (assume Marchetti uses a perpetual inventory system);

Alejandro's supervisor notices that sales were down in february. he asks alejandro to look up past sales figures in the company's database to determine whether this is just part of a pattern that happens every year.

Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2018, the company granted 13 million of its $1 par common shares, subject to forfeiture if employment is terminated within two years.

Effective intra-office communication in a medical office include

In 2021, a company purchased two patents. Related information follows: Patent 1 Patent 2 Purchase price $ 560,000 $ 260,000 Legal and filing fees 31,000 26,000 In addition, near the end of 2021, the legality of both patents was challenged.

Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars. She currently works 8 hours per day to produce 16 ornaments. a. What is her productivity? b.

Gustavo is a young doctor who lives in a country with a relatively inefficient legal and financial system. When Gustavo applied for a mortgage, he found that banks usually required collateral for up to 300% of the amount of the loan.

On December 16, 2019, Carboy, Inc., borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is due in 45 days. At December 31, 2019, Carboy records any unpaid interest with an adjusting entry.

The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes shareholders' equity? Equity is the difference between the company's assets and liabilities.

Contributory negligence: a. can be a partial defense in product liability cases for negligence. b. is the same as comparative negligence. c. is no longer permitted as evidence in suits. d. none of the above