How would a sale of $400 of inventory on credit affect the balance sheet if the cost of the inventory sold was $160? a. it would increase noncash assets by $400 and increase equity by $400 b. it would decrease noncash assets by $160 and decrease equity by $160 c. it would increase cash by $400 and increase equity by $400 d. both a and b, above happen simultaneously e. none of the above

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Because the demand for wheat tends to be inelastic. true or false