In which of the following cases is the assumption most reasonable? a. To address the benefits of trade, an economist assumes that there are two people and two goods. b. To estimate the speed at which a beach ball falls, a physicist assumes that it falls in a vacuum. c. To address the impact of taxes on income distribution, an economist assumes that everyone earns the same income. d. To address the impact of money growth on inflation, an economist assumes that money is strictly coins.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Which plan offers a tax-free education?