Price taking behavior for a firm means that:

a. the firm is not legally allowed to set a price.
b. the price in the market is fixed and cannot change.
c. the firm must take the price that any consumer offers.
d. the firm has no individual effect on the market price.

The new york stock exchange is an example of physical or individual

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column