Supplies are an example of a (n)

fixed cost

opportunity cost

variable cost

none of the above

Proposals M and N each cost $550,000, have 6-year lives, and have expected total cash flows of $750,000.

Which of the following statements is NOT true? A. adding flexibility to the production process can be a major competitive advantage; building flexibility into a production process is usually inexpensive, but difficultB.

Justin agrees to start a life-size portrait of Julia beginning November 2. On October 28 he writes to Julia that due to unforeseeable circumstances, he would not be able to perform his promise. Justin has used the doctrine of: quasi-contract.

What is the last step in the vehicle starting procedure?

On january 1, 2008, dingler corporation had 125,000 shares of its $2 par value common stock outstanding. on march 1, dingler sold an additional 250,000 shares on the open market at $20 per share. dingler issued a 20% stock dividend on may 1.

A corporation has 44,904 shares of $26 par value stock outstanding that has a current market value of $238 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding. Select the correct answer.

A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturer’s inventory.

Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, andfixed costs total $60,000. How many MP3 players must Cunningham sell to earn netincome of $140,000?

Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit costs of $90 million, and implicit costs of $40 million b.

A price-discriminating firm charges the lowest price to the group that