Food and housing are both needs.

True

False

What is a capital factor of production? 1. The tangible goods created by labor 2. The raw materials used to produce goods 3. The plan companies make to sell goods 4. The work people do to produce goods

Kelson Company applies overhead to jobs on the basis of 60% of direct labor cost. If Job 201 shows $27,000 of manufacturing overhead applied, the direct labor cost on the job was: A. $16,200B. $37,800C. $45,000D. $27,000

On her first day of work for ABC Company, Justine attended a full-day session with other new employees to learn about company policies and procedures.

All business transactions can be stated in terms of a. changes in cash. b. changes in owner's equity. c. changes in the elements of the accounting equation. d. None of these choices are correct.

A contractor used dynamite to loosen a rocky hillside. The blast from the dynamite caused a house foundation to crack. The house was located over a half-mile away from the dynamite site.

A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par.

Demand-pull inflation occurs when the price of goods rises suddenly and extremely fast. consumers show an interest in purchasing more goods. producers need more money to make and distribute goods.

Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until maturity. You have expectations that in 5 years the YTM on a 15-year bond with similar risk will be 7.5%.

Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contract at any time. After two months, Mallory fires Raghav because the company's order volume drops.

Which of the following terms best describes the cumulative value of net income or loss not taken out of the business? (A) Short-term capital. (B) Contributed capital. (C) Working capital. (D) earned capital.