A business firm can sometimes predict whether a given action is legal.

a. True

b. False

You plan to invest some money in a bank account. Which of the following banks provides you with the highest effective rate of interest? a. Bank 1; 6.1% with annual compounding. b. Bank 2; 6.0% with monthly compounding. c. Bank 3; 6.

On January 9, a company pays $5,310 for salaries and wages of which $2,160 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment.

Suppose that Tony Hsieh noticed that Zappos's customers were no longer willing tov pay full retail prices on shoes. What actions could he take to change the company's culture so that it was more efficient?

What should you do when you have a chemical fire?

Today, you are meeting with your team of four students, Shawna, and Alfonso Alvarez, the Store Manager for your local Goodwill store. You want to do some planning for the upcoming year.

Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.

2. Provide a definition for the following terms: • Accounts receivable: Enter definition here. • Supplies: Enter definition here. • Prepaid rent: Enter definition here. • Furniture: Enter definition here.

What is the term applied to the amount that net sales exceeds cost of goods sold on an income statement?

Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. average total cost is falling. D. Both b and c are correct.