During May, Aniston, Inc purchased office supplies for cash. The supplies will be used in June. What effect does this purchase transaction have on the accounting equation?
a. Assets increase and stockholders' equity decreases.
b. Assets increase and liabilities increase.
c. Assets decrease and liabilities decrease.
d. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
d
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Which of the following is not one of the major elements of persuasive style that affects successful persuasion using the central route to influence?
A. violation of the receiver's expectations B. social proof C. use of threats to incite fears D. active participation versus passive responding
Allen Marks is the sole owner and operator of Great Marks Company. As of the end of its accounting period, December 31, 2009, Great Marks Company has assets of $940,000 and liabilities of $300,000. During 2010, Allen Marks invested an additional $65,000 and withdrew $45,000 from the business. What is the amount of net income during 2010, assuming that as of December 31, 2010, assets were
$995,000, and liabilities were $270,000? A) $ 65,000 B) $ 50,000 C) $105,000 D) $370,000
The wait time for a single-channel system is more than twice that for a two-channel system using two servers working at the same rate as the single server
Indicate whether the statement is true or false
Finely Engineered Parts Corporation (FEPC) and Great Gears & Gauges, Inc. (3G), are competitors selling certain machine parts that are otherwise generally unattainable in their geographic market. This market includes the states of California, Oregon, Washington, and Idaho. FEPC and 3G agree that FEPC will no longer sell in California and that 3G will no longer sell in Oregon, Washington, and Idaho. Have FEPC and 3G violated any antitrust law? If so, which one? Explain. If they had divided their market by type of customer rather than geographic are, would the result be the same? Why or why not?
What will be an ideal response?