A disadvantage associated with obtaining goods and services externally includes:

Suppose your favorite sports team is losing by an insurmountable score. What does the shutdown condition suggest the team should do

Kuczenski Corporation's cost formula for its manufacturing overhead is $45,700 per month plus $53 per machine-hour.

An elastic demand is one in which: a) Purchases are based on waist band material. b) There is a larger percentage change in quantity wanted than in price. c) There is a larger percentage change in quantity demanded than in price.

On December 31, 2013, Stable Company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally cost $910,000 and has an estimated useful life of eight years. Stable uses the straight-line method of depreciation.

Which of the following are criteria for determining whether to record an asset as a fixed asset? a. must be an investment and long-lived b. must be tangible and an investment c. must be long-lived and used by the company in its normal operations d.

Catherine and Jacob have a written contract to buy and sell "100 cases of widgets." The 100 cases is a typo, so after signing the contract they orally agree to modify the contract to "1,000 cases of widgets.

A youth football player suffered an injury when involved in a tackle. The injury eventually led to paralysis, so the family sues the manufacturer of the helmet because they believe the type of padding in the helmet was inferior and that other

When private ownership rights are well-defined and enforced, ownerscan ignore the wishes of others, without bearing the cost. have little incentive to take care of things. can do anything they want with their property?

During the two hours of the morning rush, 100 customers per hour arrive at the coffee shop. The coffee shop has a capacity of 80 customers per hour.

The Palladian government required that all imported products that came from Lovaskiya be checked by Palladian customs inspectors. The inspection was done at a container freight station that was both remote and poorly staffed.