Answers

VD

Answered

Which of the following is most likely to cause the demand for ice cream,a normal good,to decrease?

A) A decrease in the price of ice cream
B) A decrease in the price of milk
C) A warmer weather
D) An increase in the number of consumers
E) A decrease in consumer income

On Jul 29, 2024


E
VD

Answered

Mr.Thomson had a before-tax income of $20,000 and paid taxes of $2,000.Ms.Lynch had a before-tax income of $10,000 and paid taxes of $1,500.Based on this information,which of the following is correct?

A) The tax system is progressive for incomes below $10,000.
B) The tax system is proportional.
C) The tax system is regressive.
D) The tax system is based on the benefits received.
E) The tax system is progressive for incomes above $20,000.

On Jul 28, 2024


C
VD

Answered

Which of these documents would NOT qualify as primary research?

A) A recent survey of your company's top clients
B) The most recent issue of a trade magazine in your industry
C) Notes from a conversation you recently had with a local government official
D) Your company's latest balance sheet
E) Data generated by other scientists

On Jun 29, 2024


B
VD

Answered

The liquidation of a partnership may result from each of the following except the

A) bankruptcy of the partnership.
B) death of a partner.
C) retirement of a partner.
D) sale of the business by the partners.

On Jun 28, 2024


C
VD

Answered

The matching principle requires that expenses incurred in generating revenue are recognized in the same period the related revenue is recognized.

On May 30, 2024


True
VD

Answered

Kylie works part time for Taylor and Lord Fashions. She started blogging about fashion and posting her daily wardrobe on Instagram. After a few successful posts, someone from Corporate Marketing called and offered Kylie a small clothing allowance if she continued to post photos of herself in the Taylor and Lord wardrobe. Within a year, Kylie had 5K followers on her fashion page. She was given an end-of-year bonus but was still part time. Kylie continued to work and maintained her social media presences with the hopes of being hired full time and being offered an increase clothing allowance. Kylie was engaging in ______.

A) immaterial compensation
B) ideological labor
C) aspirational labor
D) active labor

On May 29, 2024


C