Modernâ artists' services signed a contract with a maintenance service company to maintain a building that modernâ artists' will use as an office. the contract states that the work will begin on february 1 and end on may 31. modernâ artists' will pay the maintenance service company $16,000 at the end of may. it accrues maintenance expense at the end of every month. what is the balance in the accounts payable account for amounts owed to the maintenance service company at the end ofâ march?
(a) credit balance of $4,000.
(b) debit balance of $4,000.
(c) credit balance of $8,000.
(d) debit balance of $8,000.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker