Money creation occurs when: a person puts cash in a bank. a person deposits a payroll check in their checking account. banks make loans to borrowers. the federal reserve increases the reserve requirement.

The Work in Process Inventory account of a manufacturing company has a $7,728 debit balance. The company applies overhead using direct labor cost.

Companies usually rely on angel investors and venture capital firms following an initial public offering. True or False

Jackie decided to open a restaurant. She borrowed $25,000.00 for 5 years. After 5 years, she had paid back $35,000.00. What was her simple interest rate?

A company that produces a single product had a net operating income of $90,000 using variable costing and a net operating income of $125,750 using absorption costing.

Mitchell Company receives a bill from one of its suppliers for advertising services received and will pay the supplier next month. How does the receipt of the bill from the supplier affect the accounting equation of Mitchell? Select one: A.

Financial literacy refers to: a) How well you manage the financial stressors in your life. b) How well you understand and use personal finance information. c) How well you score on standardized measures of personal finance.

Debbie is a Financial Planner and charges her clients on a commission basis. For a particular month, Debbie makes three deals of $40,000. If she charges 1% commission for each deal, what will be her commission for the month?

Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a physical count of inventory.

Select the correct answer. According to Maslow's hierarchy of needs, which need consists of an individual striving for importance? A. self-actualization B. social C. self-esteem D. physiological

During an economic downturn when businesses must cut expenses, managers must be creative in motivating employees.