A country's balance of payments is a better measure of global business than the balance of trade because it includes more exchanges with foreign sources.

True

False

On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $608,000 balance in common stock.

Sarah loves shopping. She keeps herself updated about the latest apparels and technology-based products, and is always among the first few people to purchase and use such newly-introduced products.

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,100.

Employers want their employees to be punctual, whether or not the job is temporary. a. True b. False

Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. 1.

The city council of Lake Jefferson wants to establish a small botanical garden in the city park. The council decided to put aside funds in the amount of $22,000 to build and establish the botanical garden.

Tippees: a. are people who get information from corporate insiders. b. are relatives of corporate directors who are given nonpublic information. c. can be liable under section 10 (b). d. all of the above

The test manual reports a reliability coefficient (r) of. 92, which means: a. 92% of the variance in scores is attributed to error b. 92% of the variance in scores is explained by real differences c.

Recently, some college alumni started a moving service for students living on campus. They have three employees and are debating hiring a fourth. The hourly wage for an employee is $18 per hour. An average moving job takes three hours.

Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. it will cost $460 more to immunize 20 more children.