The US started collecting federal income tax in 1913
        
                    
             
        
        
        
Answer:
C) increases first at an increasing rate, then at a decreasing rate.
Explanation:
When marketing expenditure is increased, this will lead naturally to an increase in market demand. This increase in market demand is an increasing one. For example successive increase in demand can be 2, 4, 8, 15.
At a point when diminishing utility sets in the customers are maximising utility and need less of the product. Demand will increase at a decreasing rate. For example 30, 40, 46, 50, 52.
 
        
             
        
        
        
Answer:
d. leverage
Explanation:
Leverage - 
It is a type of investment strategy , where the borrowed money is used . 
It is the method by which the firm or an organisation is expanded by using the borrowed money as the capital and funding , is referred to as leverage  . 
Hence , from the given scenario of the question, 
The person uses borrowed money to increase the potential return of an investment . 
Hence , from the question, 
The correct term is leverage . 
 
        
             
        
        
        
Answer:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Explanation:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
 
        
             
        
        
        
Answer:
inventory  50,000 debit
     accounts payable    50,000 credit
--to record purchase of goods--
accounts payable 50,000 debit
       notes payables      50,000 credit
--to record teh issued promissory note to setle the account--
cash                                  50,000 debit 
discount on note payable 4,000 debit 
   notes payable                            54,000 credit
--to record the discounted note--
Explanation:
a)  we record the purchase as always.
b) we are trading a liability for another. We do not receive for the note.
c) we discount on the note and we are goind to declare the interest expense at maturity or year-end against this discount.