Two types of expenses

a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is: MPS in Normalia is: b. Suppose that the MPC in South Pangea is 0.7.

Which of the following is not an example of moral hazard? Investment banks use 40-1 leverage, knowing that if the market collapses, the government will come to the rescue.

All of the following entities would have a need for managerial accounting information except:Multiple Choice a. As all of these entities would use managerial accounting information. b. a retail clothing outlet. c. the state of Michigan. d.

Solving for rates what annual rate of return is earned on a $2,800 investment when it grows to $6,100 in eleven years?

What are total physical units to be accounted for equal to? a. units started (or transferred) into production less the units in beginning work in process b. units started (or transferred) into production c.

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False

If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.

A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false

Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee.