15. Match each of the following words to its description 1 Short Term Debt
2. Long Term Debt
3. Fixed expense
4 Bad Debt
5. Financial emergency
6. fixed varlable expense
7 savings
8 good debt
9 Compensation

A expense that is the same from month to month
B cost that you must pay each month but the amount can differ I. e. electric bill
C An unplanned expense
D money set aside for future expenses
E synonym for income or earnings
F debt that is paid back in full within one year
G Debt that is paid in full in a time period longer than one year
H Debt that will help build wealth
I debt that is created from things you have already consumed

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Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million