Which of the following statements best describes a chart of accounts?
a. it can contain only 39 accounts.
b. it assures the equality of debits and credits.
c. it contains the beginning balance for each account in the ledger.
d. it s a list of account titles in the order in which they can be found in the ledger.

Identify which of the twelve basic functions listed below fit the description given.

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.