An increase in the price of ink will shift the supply curve for pens to the left.

a. true

b. false

What century has seen the largest population growth?

Delivered five rebuilt pianos to customers who paid $14,500 in cash. record the transaction.

Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $55 each. The terms of the sale were 2/15, n/30. Harwell uses the gross method of accounting for cash discounts. Required: 1.

Unearned revenue a. is recorded when services have been performed for the customer. b. is recorded in an asset account (other than cash) when cash is received. c. represents future revenue. d. All of these choices are correct.

Production costs (20,900 units) : Direct materials $176,800 Direct labor 235,700 Variable factory overhead 240,300 Fixed factory overhead 102,900 $755,700 Operating expenses: Variable operating expenses $132,000 Fixed operating expenses 43,400

The back of a box of hinode harvest blend rice mix suggests cooking with chicken broth for added flavor. this is an example of

Market failure occurs when Question 22 options: an unrestrained market economy leads to too few or too many resources going to a specific economic activity. one good is superior to another and drives it out of the market.

Using accrual accounting, revenues are recorded a. when cash is received at the time services are performed or products have been delivered to customers b.

On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing.

Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.