What is perfect competition in economics?

Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 27%.

Benito is age 29 and single. during all of 2016, he did not have qualifying health coverage nor was he eligible for an exemption. his household income was $47,650.

Round Dot Inns Is preparing a bond offering with a coupon rate of 6 percent, paid semiannually, and a face value of $1,000. The bonds will mature In 10 years and will be sold at par.

Western Electric has 34,500 shares of common stock outstanding at a price per share of $84 and a rate of return of 12.75 percent. The firm has 7,550 shares of 8.30 percent preferred stock outstanding at a price of $97.50 per share.

A company receives $6,500 for two season tickets sold on September 1. If $2,500 is earned by December 31, the adjusting entry made at that time is a debit to Cash, $2,500, and a credit to Ticket Revenue, $2,500. A. TrueB. False

An architect's compensation package includes the total cost of a $250-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $55,000 per year. What is the yearly value of the compensation package? A.

401K plans are so named because:

he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emphasizes balance sheet relationships. c. emphasizes cash realizable value. d.

Jeremy Osteryoung is buying life insurance for a period of 20 years. It will pay a benefit to his beneficiaries only if he dies during this 20 year period. What type of life insurance has Jeremy purchased?

Courington Detailing's cost formula for its materials and supplies is $2,000 per month plus $5 per vehicle. For the month of August, the company planned for activity of 95 vehicles, but the actual level of activity was 55 vehicles.