If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be:

Martha realizes that the microwave she bought is faulty after a month of purchase. The manufacturer of the microwave asks Martha to pay the repair expenses as the fault was with a part that was out of warranty.

David Nason purchased a recreational vehicle for $25,000. David went to City Bank to finance the purchase. The bank required that David make a 10% down payment and monthly payments of $571.50 for 4 years.

Even though it is not actively involved in global marketing, Hennessey Enterprises, a U. S.-based business, agreed to sell two thousand of its stress-reducing balls to a distribution company in Norway.

When a broker advertises "sales volume" or "production," the figures must refer to: A: open listening only B: closed transactions only C: all sales leads D: all listings

A statement that makes a factual claim about how the world actually works is called a positive statementA statement that makes a claim about how the world should be is called a normative statement

Assume both portfolios A and B are well diversified, that E (rA) = 13.4% and E (rB) = 15.0%. If the economy has only one factor, and βA = 1 while βB = 1.2, what must be the risk-free rate? (Do not round intermediate calculations.

Gross output (go) reflects the overall status of the productive side of the economy better than gdp does. a. True b. False

Regarding ABC costing systems, which of the following statements is true? ABC systems accumulate overhead costs by departmentsABC costing systems are less complex and therefore less costly than traditional systemsABC costing systems have separate

Bob is shopping in Carl's Hardware Store when a nail gun in use by Dan, one of Carl's employees, fires without warning and hits Bob in the leg. Carl checks the gun and discovers that it was assembled improperly.

Marion Klatt, CFA, is a representative for Thiel Financial Network. Klatt received a phone call at home from William Kind, a junior executive at Westtown Development Company, asking whether Klatt had heard that Westtown had just reached an agreement