Grace is president of Mayweather Farm, one of the largest pork producers in the U. S. A business consultant tells Grace that if she moves the pigs into small pens and feeds them cheap, hormone-filled food, the Farm would gross 20 percent more each year. There is little research about housing pigs in tiny pens, but such a life seems less enjoyable for the pigs, and Grace has read medical studies that say hormones are dangerous to both pork consumers and pigs. Analyze Grace's options using the beliefs of Milton Friedman.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

When color is used on a topographical drawing, black is used to represent what?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.