Smart phones are very expensive. You can purchase a protection plan that lets you risk with the phone carrier. Choosing to buy a case for your phone and being careful are ways to risk.

Smart art is a new business. During its first year of operations, credit sales were $44,000 and collections from credit sales were $32,000. One account for $625 was written off.

The systematic denial of access to assets, economic opportunities, associations, and organizations based on minority status is called

Assume the price elasticity of demand for MC Pretzel Co. pretzels is 0.8. If the company increases the price of each bag of pretzels, total revenue will A) Decrease because fewer bags will be sold.

Scale Co. offers a promotional coupon with every product it sells. The coupon gives the Scale Co. customer an opportunity to buy an electric drill that normally sells for $50 for only $30 (a 40% discount).

If the market rate of interest is 8%, a $50,000, 7%, 20-year bond that pays interest semiannually would sell at an amount a. less than face value b. equal to the face value c. greater than face value d. that cannot be determined

A marketing firm determined that, of 200 households surveyed, 80 used neither Brand A nor Brand B soap, 60 used only Brand A soap, and for every household that used both brands of soap, 3 used only Brand B soap.

A company has $100,000 in "outstanding accounts receivable" and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of outstanding receivables are uncollectible.

Greater Grocers, an international retailer, opens a store in a town predominantly populated by a particular racial group. While recruiting employees for the store, it uses a test in the selection process that favors that same racial group.

Entries for Direct Labor and Factory OverheadTownsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.

In December 2008, Hawaiian Telcom took action to strengthen its balance sheet by reducing debt. Although the company continued to operate, its creditors could not collect their debts or loan payments that were due prior to the legal action that the