State whether the item is an asset or a liability.) i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.

Wyome has a career in manufacturing and goes to an office to work every day. at the office, he most likely works with