Managerial accounting primarily serves the needs of a firm s

Answer

suppliers.

customers.

managers.

investors.

Assume the economy is in recession and real GDP is below full employment. Themarginal propensity to consume (MPC) is 0.90, and the government follows Keynesianeconomics by using expansionary fiscal policy to increase aggregate demand (totalspending).

Corey has been looking at several alternative locations for his new facility and performs a cost-benefit analysis in order to determine the net financial payoff of each location. which criterion of decisionmaking is corey focusing on?

What is a variable expense?

When firms are neither entering nor exiting a perfectly competitive market, a. total revenue must equal total variable cost for each firm. b. economic profits must be zero. c. price must equal average variable cost for each firm. d.

As Facebook, Twitter, and text messaging become more popular ways to communicate, which type of communication is eliminated? A. group B. speeches C. nonverbal body language D. interviews

You have been given the following information for Corky's Bedding Corp.: Net sales = $12,250,000. Cost of goods sold = $8,900,000. Other operating expenses = $250,000. Addition to retained earnings = $1,060,000.

Mayan Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company has no preferred stock. The company's earnings per share is:

A court would be likely to enforce an illegal contract:a. under certain circumstances in which the aggrieved party was unaware of the illegality. b. where, although the contract is unconscionable, there is only procedural unconscionability. c.

A business pays weekly salaries of $30,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is A business pays weekly salaries of $30,000 on Frid debit Salaries and

Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.56 percent, a par value of $1,000 per bond, matures in 5 years, has a total face value of $3.9 million, and is quoted at 106 percent of face value.