If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by increasing the price.

a. True

b. False

MC Qu. 110 Southland Company is preparing ... Southland Company is preparing a cash budget for August. The company has $17,100 cash at the beginning of August and anticipates $121,000 in cash receipts and $134,600 in cash disbursements during August.

Pablo was reviewing the water bill for his carwash business and determined that the highest bill, $5,000, occurred in july when 4,000 cars were washed and the lowest bill, $4,000, occurred in february when 2,000 cars were washed.

Identify the force preventing u. s. professionals from extending their practices on the web.

Which of the following, if true, will indicate that higher prices will not induce firms to increase output? A. The Milovian government offers subsidies on inputs used in many manufacturing industries B.

Which of the following is a feature of capitalism? (Select the best answer.) Question 7 options: Excessive monopolies A high level of government control Discouraging small business owners Competition between businesses

Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on

Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.

Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.

Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.

a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.