Positive statements are not a. prescriptive. b. descriptive. c. made by economists speaking as scientists. d. claims about how the world is.

Which of the following best describes how consumers make financial decisions in a market economy? A. The media forces consumers to buy certain goods. B. They make choices based on their self-interests. C. The government tells consumers what to do. D.

The reason why reinvested earnings have a cost equal to the required rate of return is because investors expect to earn on those funds, what they earn on new projects or purchases of other firms. This is called opportunity costs. True / False.

Blank is the act of limiting the types of goods and services produced. Production possibility Absolute advantage Competition Specialization

Delmar Inc. uses a standard cost system. Labor standards are 2.0 hours per widget at $8.80 per hour. During August, Delmar Inc. paid its workers $147,250 for 16,500 hours. Delmar Inc. produced 8,600 widgets during August. a.

A sinking fund: requires at the beginning one lump sum payment is really not an annuity aids in meeting a future obligation does not compound its money none of these

During the years 2015 through 2017, Question Query Inc., reported the following amounts of net income (in thousands of dollars): 2015 2016 2017 $120 $150 $170 Relative to the prior year, the percentage change in net income: was the same in 2015 and

The accounts payable account is listed in the chart of accounts as an asset. True False

What would be some negative consequences to consumers if all manufacturers sold only B2C and eliminated wholesaler distributors who supply retail stores?

What information does a firm's income statement provide to the viewing public?

Pettit Company reports net income of $90,000 in 2019. However, ending inven - tory was understated $7,000.