Stagflation is a rise in the general level of prices of goods and services.

Question 12 options:

True

False

Tony's Market recorded the following events involving a recent purchase of inventory:Received goods for $40,000, terms 2/10, n/30. Returned $800 of the shipment for credit. Paid $200 freight on the shipment.

At net's hair salon, 35% of the customers dye their hair blond, 30% dye their eyebrows blond and 46% straighten their hair. 20% of the customers have none of these three procedures, while 11% take all of these three procedures.

Which of the following statements is false? A. We are able to assert dominance over others most exclusively with eye contact in a matter of seconds when we first encounter one another B.

According to the marginal productivity theory of income the income received by an individual who supplies labor services equals the incremental benefit generated to the firm by that individual's labor.

After the buyer and the seller have signed a sales contract, the seller changes his mind and defaults. The buyer sues the seller to force him to go through with the contract. This is known as a suit for ... -specific performance

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.