A service economy is one in which more effort is devoted to the production of goods than to the production of services.

a. true

b. false

Carl's Car Wash has 1,000 customers who pay $20 each week to have their vehicles washed and vacuumed. You have collected data indicating that half of Carl's customers would switch to your new car wash business if they could save $5/week.

Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year, you received dividend income distributions of $0.78 per share and capital gains distributions of $1.67 per share.

A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%. Which is true?

What is a firm's intrinsic value? Its current stock price? Is the stock's ""true"" long-run value more closely related to its intrinsic value or to its current price?

What type of investment offers both capital gains and interest income?

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False

If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.

A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false

Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee.