During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume no other adjusting entries have been done this fiscal year. The adjusting entry for wages would be:

Suppose that the Fed buys $1 million of bonds from the First National Bank. If the First National Bank and all other banks use the resulting increase in reserves to purchase securities only and not to make loans, what will happen to checkable

One bag of oranges is sold for $6.00 to a company that turns them into juice which is sold to consumers for $12.00. Another bag of oranges is purchased by a grocery store for $6.00 who then sells it to a consumer for $7.

Consider the following costs of owning and operating a car. A $15,000 Fiat 500 Pop financed over 60 months at 10 percent interest means a monthly payment of $319. Insurance costs $140 a month regardless of how much you drive.

Summer's current password is SoccerFan!4. How could Summer best improve her password? A. Add her birthdate to the end of the password O B. Mix up the letters and numbers into a hard-to-guess combination O C. Spell fan as "fann" O D.

Characteristics of generally accepted accounting principles include all of the following except 1. practice has become universally accepted over time. 2. standards are considered useful by the profession. 3. each principle is approved by the SEC. 4.

Marginal productivity theory implies that a worker will be paid an amount a. equal to his or her contribution to the productive process. b. determined by his or her individual bargaining. c.

Which of the following changes would represent an austerity measure? Choose one or more: A. a decrease in the number of public workers, to reduce government expenses B. an increase in the number of public workers, to reduce government expenses C.

A small business produces a single product and reports the following dа ta: Sales price $ 8.50 per unit Variable cost $ 5.

The lower the times interest earned ratio the more likely A) a business will need to borrow money B) a business will suffer a loss C) a default in payment will occur D) interest payments can be made

Corba Company is evaluating whether to replace an old machine with a new, more efficient machine. Corba purchased the old machine for $600,000, and there is $180,000 of accumulated depreciation recorded for the machine.