Who gets scarce resources in a market economy?

A) The government
B) Whoever the government decides gets them
C) Whoever wants them
D) Whoever is willing and able to pay the price

Cha Li Lao Company wants to purchase equipment with a 3-year useful life which is expected to produce cash inflows of $15000 each year for two years and $9000 in year 3. Woods has a 14% cost of capital and uses the following factors. What is the present value of these future cash flows? $\text{ Present Value of }1$
$\begin{array}{cc}\text{ Period }& 14\%\\ 1& .88\\ 2& .77\\ 3& .67\end{array}$

A) $26130
B) $30780
C) $30870
D) $34750

Which of the following sentences avoids the use of cluttering phrases?

A) This campaign was conducted for the purpose of informing people about the product.
B) The president declared the budget for the project was in the neighborhood of $20 million.
C) It is annoying when someone does not listen to your cautions and makes mistakes.
D) During the present time, I shall complete these reports.
E) In view of the fact that this will be the last meeting for this quarter, the chairperson will announce the salary hikes for the employees.

______ state(s) human needs progress to higher levels as the lower level needs are met.

A) Maslow's theory
B) Taylor's approach
C) Operant conditioning
D) The Hawthorne experiments

Brault Corporation has provided the following information: If 10,000 units are sold, the variable cost per unit sold is closest to:

A) $22.75
B) $11.95
C) $13.50
D) $28.80

Robert Evans owns a business, Beachside Realty, that rents condominiums and furnishings. Below is the adjusted trial balance at December 31.​ Prepare the entry required to close the drawing account at the end of the period.