The wayside motel has monthly fixed costs of $6,000, and its average daily rate (adr) is $50. if its variable costs per room are 40% of adr, how many rooms must be sold to break even?

a. 120 rooms

b. 150 rooms

c. 200 rooms

d. 300 rooms

On September 1, Knack Company signed a $50,000, 90-day, 5% note payable with Central Savings Bank. What is the journal entry that should be recorded by Knack upon maturity of the note? A) Debit Interest Expense $625; credit Interest Payable $625.

Steve is deep in debt due to a gambling problem. He is the bookkeeper for a family-owned business, Cal Poly Greenery. The company has only three employees - Steve, the husband, and the wife. All three have been friends for many years.

Madrigal Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage value and a return on investment (ROI) of 15%. ROI is computed using annual cash flows and straight-line depreciation.

The theory of rational expectations, when applied to financial markets, is known as

The Benchmark Prediction estimates unit sales assuming your product competes with a standardized, mediocre playing field. It does not use your actual competitors products. It is useful for experimenting with price, promo and sales budgets.

Select three situations when an agency can perform a warrantless search. a. highly regulated industries b. personal services c. exporting businesses d. emergency situations e. certain types of hazardous operations f. internet businesse

Which of the following payroll deductions is required by law?

What is the most difficult unit of the 1040EZ tax form to fill out? Why?

If you purchase or obtain a vehicle from someone else, you are responsible for transferring ownership of the vehicle to your name with the dmv within how many days of the purchase?

What law created the federal reserve system? Sherman Antitrust Act Social Security Act Appropriations Act Federal Reserve Act