The following financial information is from Shovels Construction Company: Accounts Payable $15,000 Buildings $80,000 Cash $10,500 Accounts Receivable $9,500 Sales Tax Payable $4,500 Retained Earnings $48,000 Supplies $4,000 Notes Payable (due in 18 months) $35,000 Interest Payable $3,000 Common Stock $50,000 What is the amount of current assets, assuming the accounts above reflect normal activity

Which of the following housing decisions provides a person with both housing and an investment? a. selling a share in a cooperative. b. buying a single-family home. c. renting an apartment. d. subletting a condominium. 2b2t

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation