If the price of a product goes down by 10% and the quantity demanded goes up by 20% the product is:

a. elastic

c. cheap

b. inelastic

d. is an inferior good

The balance in the unearned fees account, before adjustment at the end of the year, is $900,000. Of these fees, $775,000 have been earned. In addition, $289,500 of fees have been earned but not billed to clients.

In Rooney Company, direct labor is $20 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2017, direct labor totaling $206,000 is incurred in working 10,400 hours.

In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inventory for $101,000 by June 15, 2021.

The Bethlehem Inn is an all-equity firm with 9,000 shares outstanding at a value per share of $26.80. The firm is issuing $39,932 of debt and using the proceeds to reduce the number of outstanding shares.

Singapore banned the import, manufacture, and sales of chewing gum in the country since wads of gum were making a mess on sidewalks, buses, and subway trains.

As vice president of sales, you would like to send company personnel a good-news message about the company's first quarter sales results. Which of the following would be the best subject line for your message? a. Good Newsb. FYIc. Sales Figuresd.

How is value added different from profit

A manager may exercise reward power when determining the salary increases for her subordinates.

Nominal gdp is: question 31 options: a. the inflation-adjusted gdp. b. the constant-dollar gdp. c. the real gdp minus depreciation. d. the current-dollar gdp.

Not-for-profit organizations do not face any of the challenges that profit-seeking businesses do.