Q. 12 Commerce is the sum total of activities that remove hindrances in the free

flow of goods from producers to consumers. Explain. (About auxiliaries to trade)

During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. At the end of its annual accounting period, the company must make three adjusting entries: 1.

The following is an example of the moral-hazard problem: Homebuyers do not properly evaluate the risks involved in buying a home, because they are assuming the government will bail them out of a bad mortgage as it has done before. 1. True2. False

Dollar general and family dollar are examples of full-price discount retailers. True or False

What are the personal, professional and public benefits of enhancing your public speaking skills?

Fuqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January, 12,600 units in February, and 13,700 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound.

Brian brewster sold property to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000

The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,000 Expected selling Price $9,000 Expected selling cost $500 Normal profit margin 50% of price Assume that subsequent to

Eliza has a policy that allows her to deduct the premiums she pays that exceed 10% of her adjusted gross income. Once she turns 65, she can deduct the premiums that exceed 7.5% of her adjusted gross income. Which type of policy does Eliza have?

A key consideration related to business intelligence is that it focuses on data to aid in

For franklin, inc., sales is $1,500,000, fixed expenses are $450,000, and the contribution margin ratio is 36%. what are the total variable expenses?