40) Which of the following statements is true? A) An increase in demand causes an increase in equilibrium price; the increase in price causes supply to increase. B) A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in quantity demanded. C) If both demand and supply decrease, there must be a decrease in equilibrium price; […]
121.The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to: A. restrict its employees from joining a trade union. B. set unrealistic performance goals for its employees. C. promote employees on the sole basis […]
132.Billy Bob Subs has the following standard cost to produce a king size party sub sandwich. Direct materials = 4 pounds @ $3.00 per pound = $12.00 per sub Direct labor = 1/2 hour @ $8.00 per hour = $4.00 per sub During December, the company produced 1,000 party subs, bought 4,300 pounds and used 4,100 pounds of meat at $3.20 […]
71.In five years, you plan on starting graduate school to earn your MBA. You know that graduate school can be expensive and you expect you will need $15,000 per year for tuition and other school expenses. These payments will be made at the BEGINNING of the school year. To have enough money to attend graduate school, you decide to start saving TODAY by investing […]
11) In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200, then over this range of output there are A) constant economies of scale. B) constant returns to scale. C) diseconomies of scale. D) economies of scale. E) constant diseconomies of scale. 12) Diseconomies of scale is A) a short run […]
76. Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present ValuePV of an Annuity Year of 1 at 15% […]
51.Jeter Inc. acquired machinery on January 1, 2009 at a cost of $55,000. The machinery was depreciated over five years using the straight line method and a salvage value of $2,000. In 2015 the machinery was sold for $3,000. The income statement for 2015 will reflect which of the following: a.Gain of $1,000 b.Gain of $3,000 c.Loss of $52,000 d.No gain or loss 52.On […]
71) The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. It also illustrates the marginal benefit. There is no external benefit. If the city of Seattle puts on 5 concerts per year, then the marginal benefit will A) exceed the marginal social cost. B) equal the marginal private […]
19.3 Chapter Figures The figure above shows the demand curve for dollars in the foreign exchange market. 1) If the exchange rate rises as shown by the arrow, the price of American exports to foreigners will be ________, and foreign nations will demand ________ dollars in order to buy ________ American exports. A) cheaper; more; more B) higher; more; more C) […]
46. Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs$40,000 Variable selling and administrative costs$20,000 Fixed manufacturing costs$160,000 Fixed selling and administrative costs$120,000 Investment$1,700,000 ROI30% Planned production and sales5,000 pairs What is the target selling price per pair of shoes? a.$142 b.$170 c.$114 d.$158 47. Custom Shoes Co. has gathered the following information concerning […]
It is important for students to understand how their curriculum is applied to real world workplace environments. How what you are studying can or will benefit you in your current, or future, career. For this assignment, you will need to review your program’s curriculum and goals and compare that to your current job/internship (if unemployed, reflect on a job/career that you desire to obtain in the future). To complete the assignment, please follow the below instructions:
Assignment Details:Part 1 – Identify a Problem
Part 2 – Solve the Problem
Grading Expectations:
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