Negative confirmation of accounts receivable is less effective than positive confirmation because:a. Some recipients may report incorrect balances. b. There is no way of knowing whether a non-response indicates agreement with the balance or a failure by the customer to return the form. c. The amount of the receivable may be immaterial. d. Only blank confirmations are permitted under GAAS for material accounts receivable balances.

Goods and services that can be used for the same purpose are and goods and services that are used together are

What do economists mean when they use the latin expression ceteris paribus?

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.