You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. however, the development costs were so high that the shoes are priced 15 times higher than shoes without springs. as a result, many of the shoes have gone unsold. what possible event could eliminate the disequilibrium in the market for shoes?
a. a study reveals that shoes with a spring can increase the chance of a broken leg.
b. there is an increase in income and "spring shoes" are a normal good.
c. there is an increase in income and "spring shoes" are an inferior good.
d. there is a decrease in the price of rubber, which is an input in the production of shoes.
b. there is an increase in income and "spring shoes" are a normal good.

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.