What are inferior goods?

a. goods for which the demand falls when income rises

b. goods that no one wants to buy

c. goods for which the demand rises when income falls

d. goods that are not well produced

Explain what is meant by a shift in the demand curve

Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group had $184,000 in assets. By the end of 2017, assets had grown to $234,000. What is Swiss Group's 2017 return on assets?

An operation features homemade chili on its menu. assuming the operation cooks, cools, and reheats the chili correctly, how many times can it be reheated before it becomes unsafe and must be discarded?

What is an example of the kinds of choices that a business would have to make because of scarcity?

Exercise 22-15 Deitz Corporation is projecting a cash balance of $32,100 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $197,950.

Because the statistic called the standard deviation measures the volatility of a variable, it is used to measure the return of a portfolio. a. true b. false

The City of Washington needs to upgrade its levies and its water drainage systems. The cost will exceed the amount of tax revenue the City expects to receive over the next 10 years.

Suppose you are moving to a new college dorm and need to buy a new piece of furniture. which type of product is the furniture you purchase?

Sundance Systems has the following transactions during July. July 5 Purchases 56 LCD televisions on account from Red River Supplies for $3,300 each, terms 3/10, n/30. July 8 Returns to Red River two televisions that had defective sound.

Landow Company uses variable costing for internal purposes and wants to restate income to that of absorption costing for external reporting purposes. Landow's income under variable costing is $630,000.