Transactions made by Mickelson Co. for the month of March are shown below. The company performed $20,000 of services for customers on account. The company received $20,000 in cash from customers who had been billed for services [in transaction (1)]. The company received a bill for $1, 800 of advertising but will not pay it until a later date. Mickelson Co. paid a cash dividend of $3,000. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation.

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket