Neil buys a cell phone for 300$ and feels that the price is justified for the features provided. however, he faces some technical issues within a week of the purchase and he takes the cell phone to the nearest service center. he was promptly attended by the customer support staff and his cell phone was replaced with a new one. neil is satisfied with the way the company handled his complaint. the satisfaction experienced by neil can best be explained by the concept of:

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.