Amerchandiser uses a perpetual inventory system. the beginning owner, capital balance of the merchandiser was $99,000. during the year, sales revenue amounted to $75,000, cost of goods sold was $32,000, and all other expenses totaled $10,000. owner withdrawals were $21,000. there were no new capital contributions during the year. the last step in the closing process would include

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question

Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives

The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees.has a few, carefully selected employees.has many homogeneous employees.is a "one-man show".