The Pet Store experienced the following events for the Year 1 accounting period: Acquired $75,000 cash from the issue of common stock.
Purchased $74,000 of inventory on account.
Received goods purchased in Event 2 FOB shipping point; freight cost of $1,700 paid in cash.
Sold inventory on account that cost $45,000 for $85,000.
Freight cost on the goods sold in Event 4 was $940.
The goods were shipped FOB destination.
Cash was paid for the freight cost.
Customer in Event 4 returned $4,920 worth of goods that had a cost of $2,510.
Collected $69,700 cash from accounts receivable.
Paid $66,200 cash on accounts payable.
Paid $2,950 for advertising expense.
Paid $3,590 cash for insurance expense.
Required Which of these events affect period (selling and administrative) costs?

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; whoever is willing and able to pay the price;