You are provided with the following information for Sunland Company, effective as of its April 30, 2022, year-end. Accounts payable $ 856
Accounts receivable 840
Accumulated depreciation—equipment 590
Cash 1,380
Common stock 17,000
Cost of goods sold 1,000
Depreciation expense 425
Dividends 315
Equipment 2,600
Goodwill 2,000
Income tax expense 175
Income taxes payable 155
Insurance expense 270
Interest expense 550
Inventory 1,010
Investment in land 14,670
Land 2,900
Mortgage payable (long-term) 4,500
Notes payable (short-term) 54
Prepaid insurance 50
Retained earnings (beginning) 1,500
Salaries and wages expense 650
Salaries and wages payable 280
Sales revenue 5,100
Stock investments (short-term) 1,200

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)