Marla had $50.02 in her checking account. Marla purchased $5…

Marla had $50.02 in her checking account. Marla purchased $52.04 in groceries at HEB and her transaction was approved at the register. She then received an automated text from her financial institution that the balance in her account was -$37.02 due to a $35 service fee and a negative balance in her checking account. This is referred as a(n)

Larry owns a successful business called Super Car-Hire. He p…

Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high revenues if he can plan and execute the mission of the business well. Which of the following basic accounting concepts is reflected in Bob’s assumption?

The federal government is looking for an entrepreneur to dev…

The federal government is looking for an entrepreneur to develop an electric spaceship to travel to the International Space Station. They have a requisition online and are inviting entrepreneurs with PhDs in engineering to submit proposals for how they plan to do this. A federal committee will review each proposal by the deadline and a award a one-time payment of up to $750,000 to an entrepreneur in support of this project of developing the electric spaceship. The entrepreneur will have to report to the committee their progress on this project every 12 months for three years after the award. This is known as an(a)