The Consumer Price Index attempts to measure A. the average of raw material prices paid by producing firms. B. the level of prices with respect to goods and services purchased by retired couples in rural areas. C. hourly wage rates of manufacturing workers. D. the level of prices with respect to goods and services purchased by a typical consumer in urban areas.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?