A closed economy is one that (a) does not import or export goods and services but (b) does borrow from other nations and/or lend to other nations.

a. True

b. False

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting.

A corporation has perpetual life, until one of its shareholder dies. a. True b. False

A monopolist that practices perfect price discrimination A. charges one group of buyers a higher price than another group, such as offering a student discount. B. creates no deadweight loss. C.

Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The bonds were purchased at par.

How long do foodbourne illnesses last

General Mills conducted focus groups to collect and interpret data to gain insights into customer preferences and loyalty. Which best describes the process General Mills has used? A. Determining the research design B.

If the reserve ratio is 10%, and banks do not hold excess reserves, when the Fed purchases $10 million of government bonds, bank reservesA) increase by $10 million and the money supply could eventually increase by $10 million.

What does a clean kitchen show an inspector about a restaurant? a. a clean kitchen shows that the person in charge is working their shift. b. clean kitchens show that the team is healthy and not sick. c.

Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10) $ 160,000 Direct materials and direct labor $ 96,000 Overhead (20% variable) 16,000 Selling and administrative expenses (all fixed) 32,000

In order to achieve a high economic freedom rating, what should a country do?