Accounts payable is listed as a liability and therefore, by definition, requires the payment of interest by the borrower.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with

A) Adam Smith.
B) Archie Carroll.
C) Jack Ma.
D) Noel Biderman
E) Milton Friedman.

By repeating key ideas often,you improve the chance that the audience will hear your message the way you intended it to be heard.

The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December,$90,000;deposits reflected on the December bank statement,$88,000;and deposits in transit on November 30,$5,000.What was the amount of deposits in transit at the end of December?

A) $10,000.
B) $7,000.
C) $5,000.
D) $2,000.

Most persuasive messages use a combination of emotional and logical appeals.

The degree of operating leverage is closest to:

A) 0.23
B) 0.10
C) 4.35
D) 9.76

A situation where illegal trading at market prices takes place is known in economics as a

A) smuggler's market.
B) pirate market.
C) black market.
D) command market.