External link to Question : 141.Activity-based costing used by a.accounting firms. b.law firms. c.consulting firms. d.all of the above. : 1311690

Question : 141.Activity-based costing used by a.accounting firms. b.law firms. c.consulting firms. d.all of the above. : 1311690

    141.Activity-based costing is used by a.accounting firms. b.law firms. c.consulting firms. d.all of the above.   142.Austin Accounting Services estimates for next year revenues of $2,000,000, direct labor of $400,000, and overhead of $700,000. Under traditional costing, overhead is applied to audit jobs using the rate of a.35% of revenues. b.20% of revenues. c.56% of direct labor. d.175% of direct labor.     […]

External link to Question : 41. Thurston Products sells a popular style of running shoe. The : 1295644

Question : 41. Thurston Products sells a popular style of running shoe. The : 1295644

    41. Thurston Products sells a popular style of running shoe. The company has prepared the following sales forecast for the second quarter of 2008:    April 80,000 pairs   May 100,000 pairs   June 130,000 pairs       Ending inventory at March 31, 2008 was budgeted at 5,000 pairs. Management would like the desired quantity of finished goods inventory at the end of […]

External link to Question : 21) In the short run, a firm that operating at : 1245269

Question : 21) In the short run, a firm that operating at : 1245269

    21) In the short run, a firm that is operating at a loss has two options. These options are A) to reduce output or reduce its variable costs. B) to go out of business or declare bankruptcy. C) to shut down temporarily or continue to produce. D) to adopt new technology or change the size of its physical plant.   22) If a […]

External link to Question : 231.RefertoFigure3-23.WheneverBonoviaincreasesitsproductionofhamby1poundpermonth,thenitmustdecreaseitsproductionofcheeseby a.0.75pound. b.0.80pound. c.1.00pounds. : 1262271

Question : 231.RefertoFigure3-23.WheneverBonoviaincreasesitsproductionofhamby1poundpermonth,thenitmustdecreaseitsproductionofcheeseby a.0.75pound. b.0.80pound. c.1.00pounds. : 1262271

  231.RefertoFigure3-23.WheneverBonoviaincreasesitsproductionofhamby1poundpermonth,thenitmustdecreaseitsproductionofcheeseby a.0.75pound. b.0.80pound. c.1.00pounds. d.1.25pounds. 232.RefertoFigure3-23.ThenationofCropitiahasacomparativeadvantageoverBonoviainproducinghamif a.Cropitiacanproducemorethan400poundsofhampermonth. b.Cropitiacanproducemorethan320poundsofcheesepermonth. c.Cropitia’sopportunitycostofproducingapoundofhamislessthan0.8poundsofcheese. d.Cropitia’sopportunitycostofproducingapoundofhamisgreaterthan0.8poundsofcheese. 233.RefertoFigure3-23.InthenationofCropitia,theopportunitycostofapoundofcheeseis1.5poundsofham.BonoviaandCropitiabothcangainfromtradingwithoneanotherifonepoundofcheesetradesfor a.1.0poundofham. b.1.4poundsofham. c.2.1poundsofham. d.Alloftheabovearecorrect. 234.RefertoFigure3-23.InthenationofCropitia,theopportunitycostofapoundofhamis0.3poundsofcheese.BonoviaandCropitiabothcangainfromtradingwithoneanotherifonepoundofhamtradesfor a.0.40poundsofcheese. b.0.55poundsofcheese. c.0.75poundsofcheese. d.Alloftheabovearecorrect. Table3-32     USandFrenchProductionOpportunities     Wine(inmillionsofgallons) Cheese(inmillionsoflbs.) US 16 32 France 8 4     235.RefertoTable3-32TheUShasacomparativeadvantageintheproductionof a.wine. b.cheese. c.bothwineandcheese. d.neitherwinenorcheese. 236.RefertoTable3-32Francehasanabsoluteadvantageintheproductionof a.wine. b.cheese. c.bothwineandcheese. d.neitherwinenorcheese. 237.RefertoTable3-32TheopportunitycostsfortheUSandFranceareasfollows: a.In the US 1 million gallons ofwine costs 1/2 million pounds ofcheese and in France 1 milliongallons […]

External link to Question : 31) The above figure shows the U.S. market for flip-flops. : 1239210

Question : 31) The above figure shows the U.S. market for flip-flops. : 1239210

  31) The above figure shows the U.S. market for flip-flops. With international trade, the United States imports ________ flip-flops. A) 300,000 B) 500,000 C) 700,000 D) 0 because the United States exports flip-flops E) 400,000 32) The above figure shows the U.S. market for flip-flops. With international trade, U.S. consumers buy ________ flip-flops and U.S. producers produce ________ flip-flops. A) 500,000; 500,000 B) 300,000; […]

External link to Question : Bottles of SodaSlices of Pizza 51) The table above gives Ali’s : 1241115

Question : Bottles of SodaSlices of Pizza 51) The table above gives Ali’s : 1241115

    Bottles of SodaSlices of Pizza   51) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. His marginal utility from the 4th slice of pizza is A) 7. B) 3.50. C) 34. D) 17.50. E) 27.   52) The […]

External link to Question : 31) During 2008, Swaziland had a real GDP growth rate : 1238572

Question : 31) During 2008, Swaziland had a real GDP growth rate : 1238572

  31) During 2008, Swaziland had a real GDP growth rate of 1.8 percent and a real GDP growth rate per person of -1.3 percent. These rates indicate that in Swaziland A) there was an error when calculating the growth rates because the growth rate of real GDP per person cannot be negative. B) the population growth rate was negative. C) the population grew at […]

External link to Question : 31) Any firm’s average revenue defined as A) total revenue divided : 1384223

Question : 31) Any firm’s average revenue defined as A) total revenue divided : 1384223

  31) Any firm’s average revenue is defined as A) total revenue divided by the number of units sold. B) the change in total revenue resulting from the sale of an additional unit of the product. C) the total amount received by the seller from the sale of a product. D) the change in price resulting from the sale of an additional unit of the […]

External link to Question : 9.5   Integrative Questions 1) Economic growth in Cuba has been slow. : 1240977

Question : 9.5   Integrative Questions 1) Economic growth in Cuba has been slow. : 1240977

  9.5   Integrative Questions   1) Economic growth in Cuba has been slow. What can best explain the slow growth? A) lack of economic resources B) lack of incentive mechanisms and economic freedom C) labor productivity is low. D) a non-democratic form of government E) too much competition within the economy 2) The idea of continuous economic growth as a “perpetual motion machine” best reflects […]

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