The condition that results from society not having enough resources to produce all things people would like to have is known as

A. capitalism

B. scarcity

C. Free enterprice

D. Tinstaafl

Oscar has negotiated a lease for his sporting goods store in which he is required to pay $3,000 per month in rent. oscar pays his staff $12 per hour to sell sporting goods, depending on his total hours of operation.

In a single writing, a painter contracted with a farmer to paint three identical barns on her rural estate for $2,000 each. the contract provided for the farmer's payment of $6,000 upon the painter's completion of the work on all three barns.

The internal rate of return is the: discount rate that causes a project's aftertax income to equal zero. discount rate that results in a zero net present value for the project.

The average cost per seat on the 50-passenger Floating-On-Air Bus company's trip from Kansas City to St. Louis, on which no refreshments are served, is $45. In advance of a particular trip, three seats remain unsold.

State whether each situation is a prepaid expense (PE), unearned revenue (UR), accrued revenue (AR) or an accrued expense (AE). 1. Unrecorded interest on savings bonds is $245. 2.

Which of the following consists of wages earned from work, plus dividends and interest on investments along with rents and royalties?

According to cox and demmitt, the single largest expense for wives who return to work is:

The local government relies mostly on revenue from -Medicare taxes -property taxes -income taxes -interest from savings accounts

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.