In the context of factors of production, the value of all natural resources tends to:
A. rise with high demand, low supply, or both.
B. fall when the demand is high, irrespective of the rate of supply.
C. fall when the supply is low, irrespective of the rate of demand.
D. rise with low demand, high supply, or both.
Answer: A
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The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Monthly statements, indicating the current balance due, are mailed to customers
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Which statement is incorrect regarding a gift of flowers?
a. In most European countries, a gift of carnations is the most appreciated. b. Avoid sending yellow, red, or white flowers to a Mexican host. c. Chrysanthemums would be inappropriate in both Japan and Italy. d. In some countries gladiolus are symbols of mourning.
Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) about 30 women B) about thirty women
The following account balances were taken from the adjusted trial balance of Kendall Company: Revenues$23,900?Operating Expenses 15,500?Dividends 5000?Retained Earnings 17,500?What is the Retained Earnings account balance that will be included on the post-closing trial balance
A. $20,900. B. $3400. C. $8400. D. $25,900.