An efficient economy is one that

a. has very few people who do not work for a living.

b. makes the best use of some its goods and services.

c. uses its resources to make the most goods and services.

d. makes the least costly use of its resources.

Which characteristic of the production possibilities curve reflects the law of increasing opportunity costs: its shape or its length?

Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty expects 35 percent of its sales to be cash and the remainder to be credit sales.

Which business partnership began by selling watches by mail? ben and jerry?

Flying High Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing.

If the amount of loss in a manufacturing process is abnormal, it should be classified as a: Group of answer choices a. Period cost. b. Deferred charge. c. Joint cost. d. Product cost.

Calculator Danielle is a partner in and sales manager for DG Partners, a domestic business that is not a specified service trade or business.

If it takes 40 hours to complete the first unit and the company knows from experience that the learning rate should be 0.80, how fast can they be expected to finish all twelve units? 289 hours 18 hours 264 hours 316 hours

In year 1, Kris purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with a loan, secured by the residence, at 6 percent. As of January 1, year 4, the outstanding balance on the loan was $40,000.

Which financial statement is prepared first?

Ace Inc. is evaluating two mutually exclusive projects-Project A and Project B. The initial investment for each project is $50,000.