If price and total revenue are directly related demand is inelastic.

a. True

b. False

During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable.

The gasoline-electric vehicle marketed by Honda apparently is viewed negatively by many Texans because it doesn't fit their expectations of power and performance.

Holt Company issues 10,000 shares of restricted stock to its new CEO, on January 1, 2020. The stock has a fair value of $260,000 on this date. The service period related to this restricted stock is 5 years.

Where would an ecologist be least likely to go to study primary succession?

When the lessor's tax rate is lower than the lessee's. when the lessor's tax rate is equal to the lessee's when the lessor's tax rate is higher than the lessee's never, because a lease cannot be beneficial to both parties since leases always have a

If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.

The following standards have been established for a raw material used to make product O84: Standard quantity of the material per unit of output 8.9 meters Standard price of the material $ 19.

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash.

Which of the following asset accounts is increased when a receivable is collected? a. Accounts Payable b. Supplies c. Cash d. Accounts Receivable

A basic premise of the National Response Framework is that response structures and resources must be able to expand rapidly to meet needs associated with a given incident. A. TRUE B. FALSE