Which of the following is a condition of a perfectly competitive market? a. a few buyers c. a market in which there is only one barrier to entry b. identical products d. uninformed buyers and sellers

Do you think that a price floor such as a minimum wage will result in a surplus of labor and hence unemployment?

Chambers, inc. uses flexible budgets. at normal capacity of 16,000 units, budgeted manufacturing overhead is: $64,000 variable and $180,000 fixed.

Jones company is preparing the annual financial statements dated december 31 of the current year. ending inventory information about the five major items stocked for regular sale follows: ending inventory, current year item quantity on hand unit

When remeasuring foreign currency financial statements into the functional currency, which of the following items would be remeasured using historical exchange rate? a. Inventories carried at cost. b.

Which of the following should NOT be discussed during safety training? A. Psychological factors that might contribute to an accident B. Risks related to improper lifting C. Ways to avoid necessary physical stress and strain D.

Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by

A trade show is usually focused on what? a. an employer b. an industry c. a school d. a craft

The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets

Select all maintenance procedures that may be performed in an office. update software replace printer cartridges clean copy machines install virus-protection software print copies to be distributed at a meeting

Increases to owner's equity may be from expenses that are incurred. expenses exceeding revenue for the period. withdrawals of cash from the business by the owner. revenue that is derived from sales of goods or services