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External link to Question : 15) The coefficient of determination is A) 22.00000. B) 12.00000. C) 2.350000. D) 0.918300. E) : 1185964
Accounting

Question : 15) The coefficient of determination is A) 22.00000. B) 12.00000. C) 2.350000. D) 0.918300. E) : 1185964

  15) The coefficient of determination is A) 22.00000. B) 12.00000. C) 2.350000. D) 0.918300. E) 0.437525.   16) Simple linear regression differs from multiple linear regression in that A) multiple linear regression uses all available data to estimate the cost function whereas simple linear regression only uses simple data. B) simple linear regression is limited to the use of only the outcome variables and […]

External link to Question : 81. Which of the following FALSE about high-involvement, adaptive organizational structures? A. Employees : 1250871
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Question : 81. Which of the following FALSE about high-involvement, adaptive organizational structures? A. Employees : 1250871

    81. Which of the following is FALSE about high-involvement, adaptive organizational structures?  A. Employees are in a constant state of learning and performance improvement. B. Employees are free to move wherever they are needed in a company. C. Line employees are trained to specialize in one job in order to maximize efficiency. D. Previously established boundaries between managers, employees, customers, and vendors are abandoned. Line employees are trained […]

External link to Question : 111. Transactions affecting stockholders’ equity include A. shares of capital stock issued to : 1239219
Accounting

Question : 111. Transactions affecting stockholders’ equity include A. shares of capital stock issued to : 1239219

    111. Transactions affecting stockholders’ equity include  A. shares of capital stock issued to stockholders and payment of liabilities B. shares of capital stock issued to stockholders, dividends declared and paid to stockholders, revenues, and expenses C. shares of capital stock issued to stockholders, revenues, expenses, and collection of accounts receivable D. dividends declared and paid to stockholders, revenues, expenses, and purchases of supplies on account   112. Clifford Moore […]

External link to Question : 91. Firms recognize revenue A. when they have completed an earnings process or : 1230451
Accounting

Question : 91. Firms recognize revenue A. when they have completed an earnings process or : 1230451

    91. Firms recognize revenue A. when they have completed an earnings process or performed most or all of their obligations to customers, usually the delivery of a product or service.B. when they have received cash or a receivable capable of sufficiently reliable measurement. C. using the percentage-of-completion method when the firms sell products under long-term contracts, such as construction companies.D. using the completed contract method [U.S. GAAP, only] when […]

External link to Question : 139.The general ledger account for Accounts Receivable shows a debit : 1244433
Accounting

Question : 139.The general ledger account for Accounts Receivable shows a debit : 1244433

139.The general ledger account for Accounts Receivable shows a debit balance of $25,000. Allowance for Uncollectible Accounts has a credit balance of $1,500. Net sales for the year were $250,000. In the past, 3 percent of net sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $10,000 in uncollectible accounts receivable.   Using the accounts receivable aging method, the […]

External link to Question : 31. Which act allowed for jury trials and punitive damages in : 1250889
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Question : 31. Which act allowed for jury trials and punitive damages in : 1250889

    31. Which act allowed for jury trials and punitive damages in wrongful discharge suits?  A. The Civil Rights Act of 1991 B. The Americans with Disabilities Act of 1990 C. The Equal Pay Act of 1963 D. The Whistleblower Protection Act of 1989 Because the Civil Rights Act of 1991 allowed for jury trials and “punitive” damages, in some well-known cases, the size of the awards are attention-getting. […]

External link to Question : 61.The following items represent common post acquisition expenditures incurred equipment. A. : 1253707
Accounting

Question : 61.The following items represent common post acquisition expenditures incurred equipment. A. : 1253707

  61.The following items represent common post acquisition expenditures incurred on equipment. A.       An overhaul to increase useful life of the equipment B.       Cost of a muffler to reduce equipment noise C.     Lubrication service D.     Costs of redesign to increase output Identify which of these items are considered to be betterments.                   A only                   A, B, and D                    A and D                   A […]

External link to Question : 21.Cool Runnings operates a chain of frozen yogurt shops. The : 1257100
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Question : 21.Cool Runnings operates a chain of frozen yogurt shops. The : 1257100

    21.Cool Runnings operates a chain of frozen yogurt shops. The company pays $5,000 of rent expense per month for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost?    A. Variable cost   B. Fixed […]

External link to Question : 11) Debits must equal credits the Statement of Owner’s equity. 12) : 1177377
Accounting

Question : 11) Debits must equal credits the Statement of Owner’s equity. 12) : 1177377

  11) Debits must equal credits on the Statement of Owner’s equity.   12) For each account listed identify the category it belongs to, the normal balance (debit or credit), and the financial statement the account appears.   Account Category Normal Balance Financial Statement 0. Cash Asset Debit Balance Sheet 1. Depreciation Expense       2. Accumulated Depreciation       3 Wages Expense […]

External link to Question : 61.Platinum Company reports net income of $520,000 for 2015 and : 1237489
Accounting

Question : 61.Platinum Company reports net income of $520,000 for 2015 and : 1237489

    61.Platinum Company reports net income of $520,000 for 2015 and declared a cash dividend of $1 per share on each of its 100,000 shares of common stock outstanding. What are earnings per share for 2015?    A. $5.20 per share.   B. $1.00 per share.   C. $1.20 per share.   D. $4.80 per share. $520,000/100,000 = $5.20       62.Designs, Inc. had 4,000 shares of $7, […]

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July 1, 2023
    

 

11) If Russia has a comparative advantage in the production of wheat and China has a comparative advantage in the production of textiles, then

A) neither country has anything to gain from specialization and trade.

B) it is reasonable to expect that specialization will benefit both countries, but trade will not.

C) it is reasonable to expect that specialization and trade will benefit both countries.

D) it is reasonable to expect that trade will benefit both countries, but specialization will not.

 

12) If Brazil has a comparative advantage in the production of coffee compared to the United States, then

A) Brazil also has an absolute advantage in the production of coffee.

B) the United States has an absolute advantage in the production of coffee.

C) Brazil can produce coffee at a lower opportunity cost than the United States.

D) the United States cannot produce coffee.

 

13) The United States has a comparative advantage in the production of wheat, and Haiti has a comparative advantage in the production of sugar. If both countries specialize based on the theory of comparative advantage,

A) only the production of wheat will increase.

B) the production and consumption of both goods will increase.

C) only the production of both goods will increase.

D) only the consumption of both goods will increase.

14) Suppose that Japan and India are both engaged in the production of radios and rice, and that Japan has an absolute advantage in the production of both goods. If India has a lower opportunity cost for producing rice, then

A) India has a comparative advantage in rice production, but there will be no gains from specialization and trade.

B) Japan has a comparative advantage in the production of both goods.

C) India has a comparative advantage in the production of rice, but it is outweighed by Japan's absolute advantage in rice production.

D) India has a comparative advantage in the production of rice, and specialization and trade between the two countries can be mutually beneficial.

 

15) If the slopes of the production possibility frontiers involving sugar and rice in countries A and B are equal,

A) the opportunity cost of producing sugar is less in Country A.

B) the opportunity cost of producing rice is less in Country B.

C) specialization does not benefit either country.

D) each country will produce identical quantities of sugar and rice.

 

16) Suppose that Argentina and Chile are both engaged in the production of copper and wheat, and that Argentina has an absolute advantage in the production of both goods. If Chile has a comparative advantage in the production of copper, then Chile

A) has a lower opportunity cost for copper, which means that it should specialize in production of copper and engage in trade.

B) has a lower opportunity cost for producing copper, but specialization is not feasible because Argentina has a lower monetary cost of copper production.

C) has a higher opportunity cost for copper, which means it should specialize in the production of wheat and engage in trade.

D) should continue to produce copper, but only for domestic consumption, because trade is not a viable option.

Refer to the information provided in Table 19.1 below to answer the questions that follow.

 

Table 19.1

 

17) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 5 bushels of oranges.

 

18) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 4 bushels of bananas.

 

19) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 5 bushels of bananas.

20) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 4 bushels of oranges.

 

 

 

default image
July 1, 2023
    

 

11) If Russia has a comparative advantage in the production of wheat and China has a comparative advantage in the production of textiles, then

A) neither country has anything to gain from specialization and trade.

B) it is reasonable to expect that specialization will benefit both countries, but trade will not.

C) it is reasonable to expect that specialization and trade will benefit both countries.

D) it is reasonable to expect that trade will benefit both countries, but specialization will not.

 

12) If Brazil has a comparative advantage in the production of coffee compared to the United States, then

A) Brazil also has an absolute advantage in the production of coffee.

B) the United States has an absolute advantage in the production of coffee.

C) Brazil can produce coffee at a lower opportunity cost than the United States.

D) the United States cannot produce coffee.

 

13) The United States has a comparative advantage in the production of wheat, and Haiti has a comparative advantage in the production of sugar. If both countries specialize based on the theory of comparative advantage,

A) only the production of wheat will increase.

B) the production and consumption of both goods will increase.

C) only the production of both goods will increase.

D) only the consumption of both goods will increase.

14) Suppose that Japan and India are both engaged in the production of radios and rice, and that Japan has an absolute advantage in the production of both goods. If India has a lower opportunity cost for producing rice, then

A) India has a comparative advantage in rice production, but there will be no gains from specialization and trade.

B) Japan has a comparative advantage in the production of both goods.

C) India has a comparative advantage in the production of rice, but it is outweighed by Japan's absolute advantage in rice production.

D) India has a comparative advantage in the production of rice, and specialization and trade between the two countries can be mutually beneficial.

 

15) If the slopes of the production possibility frontiers involving sugar and rice in countries A and B are equal,

A) the opportunity cost of producing sugar is less in Country A.

B) the opportunity cost of producing rice is less in Country B.

C) specialization does not benefit either country.

D) each country will produce identical quantities of sugar and rice.

 

16) Suppose that Argentina and Chile are both engaged in the production of copper and wheat, and that Argentina has an absolute advantage in the production of both goods. If Chile has a comparative advantage in the production of copper, then Chile

A) has a lower opportunity cost for copper, which means that it should specialize in production of copper and engage in trade.

B) has a lower opportunity cost for producing copper, but specialization is not feasible because Argentina has a lower monetary cost of copper production.

C) has a higher opportunity cost for copper, which means it should specialize in the production of wheat and engage in trade.

D) should continue to produce copper, but only for domestic consumption, because trade is not a viable option.

Refer to the information provided in Table 19.1 below to answer the questions that follow.

 

Table 19.1

 

17) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 5 bushels of oranges.

 

18) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 4 bushels of bananas.

 

19) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 5 bushels of bananas.

20) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 4 bushels of oranges.

 

 

 

default image
July 1, 2023
    

 

11) If Russia has a comparative advantage in the production of wheat and China has a comparative advantage in the production of textiles, then

A) neither country has anything to gain from specialization and trade.

B) it is reasonable to expect that specialization will benefit both countries, but trade will not.

C) it is reasonable to expect that specialization and trade will benefit both countries.

D) it is reasonable to expect that trade will benefit both countries, but specialization will not.

 

12) If Brazil has a comparative advantage in the production of coffee compared to the United States, then

A) Brazil also has an absolute advantage in the production of coffee.

B) the United States has an absolute advantage in the production of coffee.

C) Brazil can produce coffee at a lower opportunity cost than the United States.

D) the United States cannot produce coffee.

 

13) The United States has a comparative advantage in the production of wheat, and Haiti has a comparative advantage in the production of sugar. If both countries specialize based on the theory of comparative advantage,

A) only the production of wheat will increase.

B) the production and consumption of both goods will increase.

C) only the production of both goods will increase.

D) only the consumption of both goods will increase.

14) Suppose that Japan and India are both engaged in the production of radios and rice, and that Japan has an absolute advantage in the production of both goods. If India has a lower opportunity cost for producing rice, then

A) India has a comparative advantage in rice production, but there will be no gains from specialization and trade.

B) Japan has a comparative advantage in the production of both goods.

C) India has a comparative advantage in the production of rice, but it is outweighed by Japan's absolute advantage in rice production.

D) India has a comparative advantage in the production of rice, and specialization and trade between the two countries can be mutually beneficial.

 

15) If the slopes of the production possibility frontiers involving sugar and rice in countries A and B are equal,

A) the opportunity cost of producing sugar is less in Country A.

B) the opportunity cost of producing rice is less in Country B.

C) specialization does not benefit either country.

D) each country will produce identical quantities of sugar and rice.

 

16) Suppose that Argentina and Chile are both engaged in the production of copper and wheat, and that Argentina has an absolute advantage in the production of both goods. If Chile has a comparative advantage in the production of copper, then Chile

A) has a lower opportunity cost for copper, which means that it should specialize in production of copper and engage in trade.

B) has a lower opportunity cost for producing copper, but specialization is not feasible because Argentina has a lower monetary cost of copper production.

C) has a higher opportunity cost for copper, which means it should specialize in the production of wheat and engage in trade.

D) should continue to produce copper, but only for domestic consumption, because trade is not a viable option.

Refer to the information provided in Table 19.1 below to answer the questions that follow.

 

Table 19.1

 

17) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 5 bushels of oranges.

 

18) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 4 bushels of bananas.

 

19) Refer to Table 19.1. In Mexico, the opportunity cost of 1 bushel of oranges is

A) 1/2 bushel of bananas.

B) 1 bushels of bananas.

C) 2 bushel of bananas.

D) 5 bushels of bananas.

20) Refer to Table 19.1. In Guatemala, the opportunity cost of 1 bushel of bananas is

A) 1/2 bushel of oranges.

B) 1 bushels of oranges.

C) 2 bushel of oranges.

D) 4 bushels of oranges.

 

 

 

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