If the the United States imports $100 million of goods and exports $150 million, what does the United States have?

A) a trade deficit

B) a trade surplus

C) a budget deficit

D) a budget surplus

Suppose there are exactly 5,812,000 small businesses in the economy today. Approximately 27% of those businesses or service businesses. What is the number service businesses in the economy?

An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time jobs, 10 is looking for jobs, 10 are discourage workers who has given up looking for jobs, 10 run their own businesses, 10

Scenario 12.3: Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it.

On January 1, 2018, McGee Co. had the following balances: Projected benefit obligation $7,310,000 Fair value of plan assets 7,310,000 Other data related to the pension plan for 2018: Service cost 306,000 Contributions to the plan 450,000 Benefits

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.

Of all the steps needed for setting up a child care facility, the step that must come first is A. determining licensing requirements. B. developing a business plan. C. assessing child care needs. D. stating program goals.

Pharaoh Furniture factors $740000 of receivables to Concord Factors, Inc. Concord Factors assesses a 2% service charge on the amount of receivables sold. Pharoah Furniture factors its receivables regularly with Concord Factors.

When Slick Heating Company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push.

Most organizations in the United States are A. multicultural organizations B. plural organizations C. monolithic organizations D. both A and B E. both B and C

With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) Estimated losses on the overall contract are recognized before the contract is completed.