Transfer payments are:

a. a redistribution of funds from one individual to another individual in the economy.

b. another term for government taxation.

c. a means by which government raises funds.

d. counted in gdp.

The management of Penfold Corporation is considering the purchase of a machine that would cost $350,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $82,000 per year.

What is the basis for the concept of risk pooling? a. law of supply and demand b. law of large numbers c. law of probability d. law of averages?

Dividends on preferred stock are: a. paid after common stockholders receive their dividends. b. guaranteed, except in the event of bankruptcy. c. normally fixed, if and when dividends are paid. d. always greater than dividends on common stock.

On September 1, Crestview Company purchased equipment for $25,000. The equipment's estimated salvage value is $2,500. The machine will be depreciated using straight-line depreciation and a five year life.

What is the exact time after 1 o clock when the minute hand is exactly over the hour hand. give your answer accurate to 1 second. show all working

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company? how will they differ for a hospital or a government unit?

Camilo's property, with an adjusted basis of $155,000, is condemned by the state. Camilo receives property with a fair market value of $180,000 as compensation for the property taken. a. What is Camilo's realized and recognized gain? b.

A decrease in resource prices will increase the incentive of users to purchase the resource. suppliers to provide more of the resource. firms to find and develop substitutes for the resource.

Garden Company purchased merchandise on account from Parker Company for $88,000 with terms 1/15, net 45. Garden Company returned $12,000 of the merchandise and received full credit from Parker Company.

Money is a productive asset. Its opportunity cost is: A) The time value of money. B) Valuation. C) Inflation. D) Replacement cost. E) Depreciation.