Business » Page 68

Business

A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct?

a. There are increasing returns to scaleb. The long-run average total cost curve is flatc. The law of diminishing returns is proven wrongd. The example is for the short run rather than the long run

Answer Answers (1)

Business

Jose would like to create a soothing mood on his website. He creates some intense color schemes and adds some quiet background music. He asks you to let him know what you think. What do you tell him? A. The colors do not affect mood like the music does. B. He should not have any color if he is working with soft music. C. He needs to have intense colors to create a calming effect. D. If he wants to create a soothing mood, he needs less intense colors.

Answer Answers (1)

Immanuel Archer

Business

What is the yield to maturity, to the nearest percent, for the following bond: current price is $928, coupon rate is 10 percent, $1,000 par value, interest paid annually, fifteen years to maturity

Answer Answers (1)

Business

According to the calculator, by year 10, the majority of Demarco and Tanya's payment will go toward the.

principal

interest

By year 20, the majority of Demarco and Tanya's payment will go toward the.

principal

interest

Over time, the amount paid toward the principal will.

increase

stay constant

decrease

Answer Answers (1)

Business

Abbott Landscaping purchased a tractor at a cost of $33,000 and sold it three years later for $16,500. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account.

Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer Answers (1)

Business

Hall Company sells merchandise with a one-year warranty. In the current year, sales consist of 3,999 units. It is estimated that warranty repairs will average $13 per unit sold and 30% of the repairs will be made in the current year and 70% in the next year. In the current year's income statement, Hall should show warranty expense of a.$36,391 b.$15,596 c.$0 d.$51,987

Answer Answers (1)

Business

Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20 per unit Overhead costs for the year Variable overhead $ 10 per unit Fixed overhead $ 160,000 Units produced 20,000 unitsCompute the production cost per unit under variable costing.

Answer Answers (1)

Business

Why might a large research company use the Linux operating system? A. It can be modified to fit the specific needs of the company. B. It costs more than other operating systems and is therefore better. C. The other operating systems cannot be used for research studies. D. It has more graphics than the other operating systems.

Answer Answers (1)

Business

At the end of her school lunch, Sue always looked forward to the cookies that the cafeteria sold. One day she was surprised to see her cookie iced in the shape of a famous athletic apparel brand. What Sue experienced was a type of aspirational marketing. branding. guerrilla marketing. product placement.

Answer Answers (1)

Business

Mobilee Oil Company accepted a $10,000, 120-day note dated March 3 at 8½% to settle a past-due account receivable. Mobilee Oil discounted the note to raise cash on May 10, at a discounted rate of 9%. What proceeds did Mobilee Oil receive? Use ordinary interest.

Answer Answers (1)

Business

Joe reconciles his checking account check register to the penny every month with the bank's statement. After accurately recording all of the transactions that he initiated during the month, his check registered showed a balance in his checking account of $1,900 as of the end of the month. When he received his bank statement for the month, he noted for the first time the following as of the end of the month: outstanding checks - $300; service charge for safe deposit box - $25; interest earned on the account - $1; unrecorded (by Joe) automatic electronic funds transfers for his monthly car insurance - $75; Joe's check #1162, which he correctly wrote for $20, actually cleared his bank account for $200 (he called the bank immediately!) and the bank's statement balance of $1,921. What should Joe's check register show as the correct account balance in his checking account as of the end of the month?

Answer Answers (1)

Rachael Patrick

Business

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

True or False?

Answer Answers (1)

Business

Dominic works as a violinist at an Italian restaurant. He makes $8.50 per hour. He was able to work 35 hours last week. How much money did he make that week?

Answer Answers (1)

Business

Daw company's december 31 year-end unadjusted trial balance shows a $10,000 balance in notes receivable. this balance is from one 6% note dated december 1, with a period of 45 days. assume daw company does not prepare reversing entries. prepare journal entries for december 31 and for the note's maturity date assuming it is honored. (use 360 days a year.)

Answer Answers (1)

Business

You are the ceo of sugar land light & power. in reading the wall street journal, you notice the editors have forecasted an unstable and unpredictable environment for the utility industry for the next 10 years. you also suspect a lot of change. what should you do?

Answer Answers (1)