If you put all the profits into your business, you may not be able to do which of the following?

A: hire an accountant

B: fund your IRA

C:pay for your marketing

D:develop new products

Peak Performance Sporting Goods Company has just applied for a bank loan in order to expand the business. Using the most recent balance sheet data provided by the company owner, you calculate that the company's current ratio is 2.5.

An income statement under absorption costing includes all of the following (You may select more than one answer): a) fixed factory overhead. b) direct materials. c) direct labor. d) fixed selling expenses.

Vijay sells land and receives $5,000 cash, a motorcycle worth $1,600, and two tickets to the Super Bowl with a total face value (cost) of $800 but worth $1,200. In addition, the buyer assumes the mortgage on the land of $12,000.

You have just entered a two-year MBA program and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $2,000 per month on the card for the next 24 months.

Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars.

Both monopolies and monopolistically competitive firms set marginal revenue equal to marginal cost to maximize profit. Given the same cost curves, would you expect prices to be higher in a monopoly or a monopolistically competitive market?

The ending Retained Earnings balance of Boomer Inc. decreased by $1.5 million from the beginning of the year. The company declared a dividend of $4.2 million during the year. What was the net income for the year?

If there is a recessionary gap in the short run, the Federal Reserve can eliminate the gap in the short run by undertaking a policy action that raises aggregate demand.

Connor Lamps Inc. purchased factory equipment in January 2015 for $575,000. In March 2018, this equipment was sold for $105,000 cash. At the date of sale, the accumulated depreciation account totaled $325,000.

What would a store and bank both charge fees for?