A liability created for receiving cash for future services to be provided is termed a (n)

estimated warranty payable.

service revenue.

unearned revenue.

accrued liability.

Sales taxes are regressive taxes because people with a lower income pay a larger percentage of their income than do people with a higher income. True or False

Municipal bonds, or munis, a.) pay higher interest rates than most bonds. b.) are not usually tax-exempt. c.) are often risky investments. d.) are usually a safe investment.

George Kildearn is forty years old. He was born in Dublin, Ireland, but has lived in California the past fifteen years, ever since he married his wife, who is a native Californian. He wants to run for office. What do you recommend?

A stock has an expected return of 15.0 percent, its beta is 0.90, and the risk-free rate is 5.3 percent. What must the expected return on the market be

The least effective method for comparing financial statement information between companies is: a. to perform ratio analysis. b. to perform horizontal analysis. c. to study the statement of cash flows. d.

On Jan 1, 2011, P. T. Scope Company purchased a computer system for $3,240. The company expects to use the system for 3 years. The asset has no salvage value. The book value of the system at Dec 31, 2012 is

What minimum amount of body weight loss (lbs) is shown to improve physical capabilities and quality of life?

Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B.

In the context of foreign direct investment, a joint venture involves the merger of companies.

Classify the following changes in each of the accounts as either an outflow or an inflow of cash. During the year (a) marketable securities increased, (b) land and buildings decreased, (c) accounts payable increased, (d) vehicles decreased, (e)