If total cost of producing 20 units of output is $1,000 and average variable cost is $35, what is the firm's average fixed cost at that level of output?

Which of the following inventory valuation methods produce (s) the same dollar amount as the balance in ending inventory under both periodic and perpetual inventory systems? FIFO LIFO a. Yes Yes b. No Yes c. Yes No d. No No

Which of the following statements is MOST correct? A. Because the cost of debt is lower than the cost of equity, value-maximizing firms maintain debt ratios of close to 100%. B.

Xavier is an engineer who specializes in computer aided design. Xavier visits a Web site and purchases computer-aided design software through the site's online store.

Economists assume that rational people never use all available information as they act to achieve their goals. only weigh the benefits and costs of the most desirable alternative actions. undertake activities that benefit others and hurt themselves.

Mace Auto Parts Company sells to retail auto supply stores on credit terms of "net 60". Annual credit sales are $300 million (spread evenly throughout the year) and its accounts average 28 days overdue. The firm's variable cost ratio is 0.75 (i. e.

Pat, the buyer's agent, was told by the prospective buyer to present an offer of $150,000 with the promise that he would increase it to $152,000 if the seller rejected $150,000. Pat must a.

Stayman Co. declared a 30% stock dividend. This transaction A) Increases total equity and retained earnings. B) Decreases total equity and retained earnings. C) Has no effect on total equity or retained earnings.

Which of the following are the 5 characteristics of objectives? A. quantitative, understandable, challenging, compatible, qualitative B. qualitative, understandable, challenging, compatible, obtainable C.

In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loaders were idle in 6 of the 45 observations. a. What is the estimated percentage of idle time?

Inflation is a decrease in the average price level in the economy.