If the master budget prepared at a volume level of 10,000 units includes direct materials of $40,000, a flexible budget based on a volume of 12,000 units would include direct materials of $48,000.

a. True

b. False

Tim Baker is an account representative from the United States for an automotive parts supplier and is meeting with a client team in Japan.

The tax laws allow taxpayers to use which of the following methods for accounting for research and experimentation costs paid or incurred in connection with a trade or business? Deduct the expenditures in the year in which they are paid or incurred.

Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contract at any time. After two months, Mallory fires Raghav because the company's order volume drops.

Carol wants to expand her recycled toy business abroad because demand for recycled products is much higher in Europe and Asia than in the United States.

Assume the macro islands can build either 5 hotels or 15 stores and the micro islands can build either 4 hotels or 20 stores in the same time period. this data tells an economist that the

Explain what is meant by market research.

Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.

Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.

A hospitality operation has sales revenue of $462,000 with variable cost averaging 44%. Fixed costs are $188,000. The owner wants a net income after tax of $50,400 based on a tax rate of 28%. a.

True or false fdr was eager to use deficit spending to end the economic crisis.