What term refers to the cost of changing direct materials into a finished manufactured product?

a. period cost

b. factory overhead cost

c. direct labor cost

d. conversion cost?

Which one of the following combinations of firms would benefit the most through the use of complementary resources?

In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads.

A sales organization creates a new sales forecast by simply taking the average of demand forecasts that each sales manager generated individually. What type of subjective forecasting approach best describes this?

Identify a difference between goods and services. Select one: a. Customers directly participate in goods-producing activities, whereas customers do not participate in service-providing activities. b.

Jeff corporation purchased a limited-life intangible asset for $375,000 on may 1, 2016. it has a useful life of 10 years. what total amount of amortization expense should have been recorded on the intangible asset by december 31, 2018?

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.

An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.

Grading at a site refers to A) evaluating the existing subsurface conditions of a site. B) evaluating the groundwater conditions at a site. C) compacting the soil to required density. D) None of these.

A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:A.

Which investment has the highest liquidity and can be converted into cash easily? A - bonds B - mutual funds C - stocks D - certificates of deposit