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Silas Fox
BusinessBusiness
For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to increase production further.

True or False?
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Dominick Mckenzie
BusinessBusiness
Economics

A. assumes irrationality if people are paid enough.

B. assumes individuals are rational and respond to different incentives.

C. assumes government involvement in the economy is always beneficial.

D. assumes individuals really have no choices other than what society imposes on them
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Marco Hays
BusinessBusiness
Which of these is an example of a final good? A. wood. B. steel C. needle
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Dax Norris
BusinessBusiness
EarthWear's income before taxes is $36 million (rounded). Assume that the auditors have decided that 5 percent of this benchmark is appropriate for planning materiality and allocate 50 percent of it as tolerable misstatement. b. Determine a tolerable difference for your analytical procedure. (Enter your answer in dollars not millions of dollars)
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Juliet Brock
BusinessBusiness
Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Units Work-in-process, April 1 (25% complete) 58,000 Total units in process during April298,000 Work-in-process, April 30 (60% complete) 34,000 Materials are added at the beginning of the process in the Processing Department. What are the equivalent units of production for the month of April, assuming Madison uses the weighted-average method?
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Brooklyn
BusinessBusiness
A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adjusting entry for this company by completing the following sentence. The required adjusting entry would be to debit the Interest (expense/payable/receivable) account and (debit/credit) the Interest (expense/payable/receivable) account.
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Enrique
BusinessBusiness
Haven Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $600,000 and credit sales are $2,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Haven Company make to record the bad debts expense? a. Bad Debts Expense 28,000

Allowance for Doubtful Accounts 28,000

b. Bad Debts Expense 28,000

Accounts Receivable 28,000

c. Bad Debts Expense 22,000

Allowance for Doubtful Accounts 22,000

d. Bad Debts Expense 22,000

Accounts Receivable 22,000
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Gisselle Proctor
BusinessBusiness
Training provides opportunities for employees to develop the job-specific skills, experience, and knowledge they need to do their jobs or improve their performance.
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Joel Buchanan
BusinessBusiness
What is the process whereby the entrepreneur combines available resources?
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Zayne Hughes
BusinessBusiness
Before the approving signature is made on a check, the singer should verify that the
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Karley Riggs
BusinessBusiness
You purchased 270 shares of a particular stock at the beginning of the year at a price of $75.33. The stock paid a dividend of $.95 per share, and the stock price at the end of the year was $81.84. What was your dollar return on this investment
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Guest
BusinessBusiness
Multinat is a large corporate with its headquarters in Asia. It wants to open new divisions in Africa and Australia. The company wants to ensure that the new divisions follow the same policies, processes and guidelines as the parent company. It is evident from the scenario above that Multinat wants to:

A. incorporate local adaptation

B. form strategic alliances

C. establish global consistency

D. create franchises
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Guest
BusinessBusiness
An increase in the price of gasoline will

Shift the gasoline supply curve to the right.

Shift the gasoline demand curve to the right.

Shift the automobile supply curve to the left.

Shift the automobile demand curve to the left.
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Guest
BusinessBusiness
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $73,225 Common Stock $12,173 Retained Earnings $91,949 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?
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Amiya Cordova
BusinessBusiness
Which situation could be the best example of an oligopoly?

A new producer of power tools has entered the market and is relying on low prices to attract consumers.

A new producer of a smart phone operating system is trying to enter the market but cannot because most cell phone makers use one of two popular operating systems.

A new producer of running shoes is trying to enter the market but cannot because of an existing patent.

A new producer of tires has entered the market and found that demand is already being met.
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