Suppose apples are currently selling for 50 cents each. Someone says that apple sellers can't make a decent living if they sell their apples so cheaply. He says there should be a law stating that no one can sell an apple and no one can buy an apple for less than 75 cents. He intends for the law to raise the income of apple sellers. What might be an unintended effect of this law? Explain your answer.

"Free enterprise guarantees economic success." Do you agree or disagree with this statement? Explain your answer.

Explain the basic characteristics of the U.S. free enterprise system, including incentives, economic freedom, competition, and the limited role of government.

How do you create equations and use them to solve problems?

A large auto manufacturer sells large fleets of vehicles to auto rental companies, such as Budget and Hertz. Suppose Budget is negotiating with the auto manufacturer to purchase 827 vehicles. Write a short paragraph to explain to the auto manufacturer when the company should, and should not, record this sales revenue and the related expense for cost of goods sold. Mention the accounting principles that provide the basis for your explanation.

Eric downloads the coupon shown and goes shopping at Gadgets Galore, where he buys a digital camera for $95 and an extra battery for$15.99. a. What is the total cost if the coupon is applied to the digital camera? b. What is the total cost if the coupon is applied to the extra battery? c. To which item should Eric apply the discount? Explain. d. Eric has to pay 8% sales tax after the coupon is applied. How much is his total bill if he applies the coupon to the digital camera?