If the selling price and percent markup on selling price is given the actual cost can be calculated.

a. True

b. False

How do large corporations benefit from the presence of small businesses?

Suppose that you have inherited a perpetuity that will pay $ 3,000 one year from now, each of the following annual payments will be 5% larger than the prior payment.

Pension data for Quinones Company included the following for the current calendar year: Actual return on plan assets $ 85,000 Amortization of net loss 2,500 Amortization of prior service cost 6,500 Expected return on plan assets 68,000 Interest cost

The town of matildaville is attempting to reduce the amount of litter on the side of the roads. which proposed program would be a negative incentive?

What is the primary motive of an entrepreneur? A. becoming the best supplier B. eliminating unemployment C. social development D. making profit E. paying taxes

Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when A. A royalty contract with a distribution in which the consideration to be received depends on sales to end customers. B.

ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotions and increased office space.

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner's equity amount? A. Decrease of $2,000 B. Decrease of $2,000 C. Increase of $10,000 D. Decrease of $10,000

You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.

Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.