Explain why shortages and surpluses are not temporary when price controls are used

All of the following are benefits of global business except A. expanded business opportunities B. decreased competition C. improved political relationships D. increases sources of raw materials

Use the contribution margin ratio to project operating income (or loss) if revenues are $ 520.000 and if they are $ 1.040.000. First, select the labels to calculate projected operating income.

Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $290 for the meal and $250 for the theatre tickets, amounts that were reasonable under the circumstances.

Which of the following is true? In recent decades, the volume of U. S. international trade has been declining as a share of the economy. Most of the textile products produced in the United States are exported abroad. The volume of U. S.

At a sales volume of 38,000 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $752,400.

Why are desk drawers and cupboard doors kept closed unless you are taking something out or putting it away?

g Real and nominal variables are highly intertwined, and changes in the money supply change real GDP. Most economists would agree that this statement accurately describes a. both the short run and the long run. b. the short run, but not the long run.

Lee Company has the following information for the pay period of December 15-31: Gross payroll $16,000 Federal income tax withheld $4,000 Social security rate 6% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.

At the start of the year, Northern Lights has $8,000 worth of merchandise. What do we know about Northern Lights? A. the company ended with a net income last year. B. It's a retail business. C. It's a service business D.

A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost $4 million; it will have installation costs of $750,000 but no salvage or residual value.