The hedonic treadmill is the tendency of people to ______.
a. pursue the same sources of enjoyment repeatedly
b. want more things as their income level increases
c. return to a relatively stable level of happiness despite positive or negative events or life changes
d. be appreciated for the work they do
c. return to a relatively stable level of happiness despite positive or negative events or life changes
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Which of the following is not a reason why companies in an industry would establish an industry consortium?
a. Establish industry standards b. Influence government regulation. c. Develop metrics for assessing the degree to which products are environmentally friendly. d. Learn about competitors' technologies. e. All are reasons why companies in an industry would establish a consortium.
Trent Co purchased 20,000 shares of IBM stock, as a trading security, for $42 in June of 2013 . At year-end, the stock price had risen to $45 . Trent:
a. makes no adjustment to the value of the stock at year end. b. records a debit to Allowance to Adjust Short-Term Investments to Market and a credit to Unrealized Gain on Investments. c. records a debit to Unrealized Gain on Investments and a credit to Allowance to Adjust Short-Term Investments to Market. d. records a debit to Allowance to Adjust Short-Term Investments to Market and a credit to Realized Gain on Investments.
A subsequent perfected secured creditor cannot take priority over an already existing mortgage
Indicate whether the statement is true or false
The accounts with identification letters for Able Delivery Services are listed below.LetterAccount TitleLetterAccount TitleACashIAble, DrawingBAccounts ReceivableJDelivery Fee IncomeCSuppliesKAdvertising ExpenseDPrepaid RentLEquipment Repairs ExpenseEDelivery EquipmentMRent ExpenseFOffice EquipmentNSalaries ExpenseGAccounts PayableOUtilities ExpenseHAble, Capital??During the January, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example.??DebitCredit?TransactionLetterAmountLetterAmountA.The owner invested $25,000 cash in the
businessA$25,000H$25,000B.Issued check for $1,000 to Able, the owner, for utilities in personal residence????C.Bought delivery equipment for $120,000. Issued check for $70,000; balance is due in 30 days????D.Returned damaged supplies and received a cash refund of $30????E.Received $900 on account from credit clients????F.Issued check for $5,000 to purchase $3,500 of office equipment and $1,500 of supplies????G.Returned damaged office equipment and received a cash refund of $500????H.Issued check for $12,000 for rent for the months of February and March???? What will be an ideal response?