Which of the following correctly describes the incentive that lower prices provide in a free market economy?

A

They increase competition.

B

They increase demand.

C

They increase supply.

D

They increase opportunity costs.

What will happen in a market where a binding price floor is removed? Group of answer choices The price or quantity of the product sold in the legal market will not change. There will be upward pressure on the prices.

If the present value of the expected future cash flows represented the company market value today; what should your company be willing to pay today for the business?

Written daily records are often required for: All children Toddlers Preschoolers School age children Infants

Rayya Co. purchases a machine for $159,600 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service.

A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a. select one: a. limited partnership b. corporation

Stephanie is a calendar year cash basis taxpayer. She owns a 50% profit and loss interest in a cash basis partnership with a September 30 year-end.

Lance Brothers Enterprises acquired $720,000 of 3% bonds, dated July 1, on July 1, 2016, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity.

Cameron has a cup of coffee every morning, smokes about 10 cigarettes a day, and has a beer with his dinner every night. this is an example of

Jane contracts Tom, a home developer, to build her a new house. In the contract it states that all necessary parts of the home must be complete before the contract is to be considered finished.

During discussions relating to the formation of kingfisher, seth mentions that he may be interested in either (1) just selling all of his inventory in the current year for its fair market value of $96,000 or (2) proceeding with his involvement in