The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is:

a. total revenue.

b. production possibilities.

c. elasticity.

d. slope.

Percent of sales method at the end of the current year, accounts receivable has a balance of $3,460,000; allowance for doubtful accounts has a debit balance of $12,500; and sales for the year total $46,300,000.

Dunphy Company issued $20,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30.

If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partnership cannot be dissolved. a. True b. False

Stevens Company started the year with an inventory cost of $145,000. During the month of January, Stevens purchased inventory that cost $53,000. January sales totaled $140,000. Estimated gross profit is 35%.

Which general area of specialization are you in if you are managing the accounting func trades on public stock exchanges?

The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan pies for a wedding. How many pounds of pecans should you buy?

If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ... And the quantity of shoes consumed in the domestic market to ... a.) Fall; rise b.) Fall; fall c.) Rise; fall d.) Rise; rise

James hayes owns 510 shares of ohio utility preferred stock. if this preferred stock issue pays $3.50 per share, what is the total dollar amount mr. hayes will receive in one year?

On behalf of Digital Cable Company, Ed signs an instrument in which he promises to deliver I, 000 feet of optic fiber cable to First Internet Bank on March l. This instrument is a. negotiable. b.

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the