Dairy Days Ice Cream sells ice cream cones for $5 per customer. Variable costs are $2 per cone. Fixed costs are $2100 per month. What is Dairy Days' contribution margin ratio?

Ullrich Printing Inc. paid out $21,750 of common dividends during the year. It ended the year with $187,500 of retained earnings versus the prior year's retained earnings of $132,250. How much net income did the firm earn during the year

Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or the normal operating cycle, whichever is shorter. A. True B. False

Tierney is a full-time nonexempt salaried employee who earns $990 per biweekly pay period. She is single with 1 withholding allowance and both lives and works in Maryland.

Say a pill existed that made people selfless. After taking it they were only interested in others, not themselves. Under the coordination definition of economics: Multiple Choice there would be a social problem but not an economic problem.

In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.

Causal forecasting methods are used when: a. historical data is available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product). b.

What is the best way to finance your own business?

Blue Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U. S. Law, Blue Space a. must share with all interested parties what it retrieves in space. b.

Suppose the economy is in an inflationary gap. to move equilibrium aggregate output closer to the level of potential output, the best fiscal policy option is to:

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