Answer: C: The cost of rice at a market rises by 20 percent over three years.
Explanation:
inflation is a measure of the rate of rising prices of goods and services in an economy.
Answer:
B) Mountaintop and Niles
Explanation:
Both Mountaintop Clearview Corporation and Niles are responsible for the illegal waste disposal.
When a company's employee is involved in an illegal activity or an accident while performing job related duties, both the employee and the company are responsible for the possible damages.
In this case Niles can be subject to criminal charges and Mountaintop to civil charges.
Answer:
The journal entry to record the sale transaction would be to "debit cash $295.50; debit credit card expense $4.50 and credit sales $300"
Explanation:
The credit card expense of $4.5 ( i.e, Sales of Merchandise <em>$300</em> multiplied by Bank service charge deduction <em>1.5%</em>) is a loss.
Therefore, It should be debited.
Answer:
It is $9,450 (A)
Explanation:
Return on Investment = 40% * $ 45,000
=$18,000
Minimum Required Return = 19% *$ 45,000
= $8,550
Hence, Residual Income = $18,000-$8,550
=$9,450
Minimum required return represents the amount of returns that must be generated on investment to satisfy the expectations of providers of funds.
Residual income is what is left after dividends and interest have been paid to the various investors which can be retained for future investment.
