What happens to if the price of is expected to increase in the near future?

g On January 1 the company had office supplies costing $2,700 recorded as an asset. During the year $9,600 of office supplies were purchased and recorded as an asset, but the company did not make any journal entries to record the use of supplies

The following information is available for MVF Company (dollar amounts are in millions) 2016 2015 2014 2013 Net sales $23.2 $21.7 $19.6 $17.4 Cost of goods sold 17.1 16.8 15.2 13.5 Beginning finished goods inventory 2.3 2.1 1.9 1.

Employers are required to compute and report payroll taxes on a calendar-year basis, even if a different fiscal year is used for financial reporting and income tax purposes. A. True B. False

Which of the following statements is true? a. Money must be relatively "scarce" if it is to have value. b. Money must be divisible and portable. c. M1 is the narrowest definition of money. d. All of the answers are correct.

A major source of chicken feed in the United States is anchovies, small fish that can be scooped out of the ocean at low cost.

You've written a check to Goodwill Supply, and the check has been lost. What should you do? A. Stop payment on the first check; then write a second one. B. Send a counter check to Goodwill. C. Write another check immediately. D.

All of the following are liabilities except a) accounts receivable. b) salaries payable. c) notes payable. d) accounts payable.

Suppose that you are the treasurer of IBM with an extra US$1,000,000 to invest for six months. You are considering the purchase of U. S. T-bills that yield 1.

13. Where do you find the amount when writing a check to Payroll?

what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?