Ruth Company showed the following balances at the end of its first year.
Cash $7000
Prepaid Insurance $700
Accounts Receivable $3500
Accounts Payable $2800
Notes Payable $4200
Denton Capital $1400
Denton Drawing $700
Revenues $21000
Expenses $17500
What did Ruth Company show as total credits on its trial balance?
$30,800
$30,100
$28,700
$29,400

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?

Double corporation acquired all of the common stock of simple company for