Journalize the following entries. Dec. 1 Purchased raw materials from Sheffield Supply Company on account for $53,100.
Dec. 2 Issued $40,400 of direct materials from the companyâs inventory to jobs other than K52 and J57 and $3,000 of indirect materials.
Dec. 12 Paid Waterwaysâ factory salaries and wages for $65,100.
Dec. 13 Paid the factoryâs water bill of $8,900.
Dec. 18 Transferred $50,500 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factoryâs electric bill of $12,000 for Waterwaysâ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,700, and accumulated depreciation of $15,900.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

The questions of economics address which of the following ? check all that apply