Why is it important to understand economics

Which type of tax is imposed on specific goods and services at the time of purchase? Question 12 options: Estate Excise General sales Value-added

Equivalent units of production are: 1. Work performed during the period. 2. Sales generated during the period. 3. Units of work-in-process inventory. 4. Finished goods inventory.

Rains Company purchased equipment on January 1 at a list price of $75,000, with credit terms 2/10, n/30. Payment was made within the discount period. Rains paid $3,750 sales tax on the equipment, and paid installation charges of $1,320.

What is 51/2x21/3 select the best answer

3. Which of the following statements is true of closing techniques? Group of answer choices A. Customers make a buying decision, rather than the salesperson closing the sale. B.

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $630,400 with 330,800 estimated direct labor hours.

Planning for post-production support should begin after the system is deployed as specific support problems arise. a) True b) False

Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent.

Spencer Co. has a $350 petty cash fund. At the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. The fund has a balance of $78.

Pita Pal sells fast-food franchises. Pita Pal receives $83,000 from a new franchisee for providing initial training, equipment, and furnishings that together have a stand-alone selling price of $83,000.