Briefly explain the role that the price system plays in a free enterprise market

A command economy tends to exist under a

Crane Company purchased equipment on January 1 at a list price of $120000, with credit terms 4/10, n/30. Payment was made within the discount period. Crane paid $4750 sales tax on the equipment and paid installation charges of $2100.

A. at the beginning of the year, addison company's assets are $273,000 and its equity is $204,750. during the year, assets increase $80,000 and liabilities increase $59,000. what is the equity at year-end?

A client might overstate December 31 accounts receivable balances by dating and recording January transactions in December. Such entries recorded in which journal are most likely to achieve this end? A. Cash receipts. B. Payroll. C. Purchases. D.

The operating cycle describes how a product: Select one: A. Generates a profit. B. Is priced. C. Moves through the current asset accounts. D. Moves through the production process. E. Is sold

Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.

A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.

On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments