Chicago Steel's operating activities for the year are listed below. Beginning inventory $1,000,000Ending inventory $350,200Purchases $750,400Sales revenue $1,500,900Operating expenses $700,500What is the gross profit for the year?

The prices of the Ralph Lauren clothing line are considerably higher than those of comparable-quality lines. Yet this brand sells more than a J. C. Penny brand of clothing. Does this violate the law of demand?

Which of the following is the best way to get along with others in a diverse workplace? a. show assertiveness, courtesy, and disinterest. b. show disorganization, diversity, and self-respect. c. show understanding, aggressiveness, and assertiveness.

Sanctions are a type of trade restriction that is ineffective in forcing change in other countries.

Suppose you are viewing a database of your monthly expenses, categorized under broad headings such as food, entertainment and accommodation. If you have drill down ability, you are able to view details under each category. A. True B. False

Which of the following is NOT a condition for a firm to engage in price discrimination? Multiple Choice The consumers are sincere in revealing their true natures. The firm has a means of identifying consumer types.

All of the following are true of the effect of fair value accounting on the financial statements except a. changes in the fair value of trading securities are recognized on the income statement b.

Are morality & ethics the same thing?

Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 not due for three years. The interest rate on the note is 7%.

John recently accepted a job in the marketing department with the burbank bagel boys. after just a few days on the job, john learned that the company has many layers of management, and seems to have a rule to cover almost every situation.

Leilani enters into a contract with Metro Taxi Company to work as a cabdriver. Under the plain meaning rule, if the contract's writing is clear and unequivocal, the meaning of the terms must be determined from a. any relevant extrinsic evidence. b.