Which of the following is an example of vertical integration?

purchasing competitors

purchasing suppliers

informally agreeing on prices

buying stock in competing companies

Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with a customer for a project one day while Miranda is absent and leaves on vacation the next day.

What is the last step in the medical billing cycle?

Products that would be used in calculating the United States GDP include

When referring to a note receivable or promissory note A. the maker is the party to whom the money is due. B. the note is not considered a formal credit instrument. C. the note cannot be factored to another party. D.

Swifty Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 79 units that cost $18 per unit. During the current month, the company purchased 485 units at $18 each.

In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?

Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.

During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.

The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.

What causes changes from one phase of the business cycle to another?