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

Aaron has recently started working at a credit union. Which motive might have prompted Aaron to join the credit union?

Select all reasons it is important to perform equipment maintenance. 1. to avoid equipment downtime 2. to keep equipment running accurately 3. to avoid defects 4. to keep business professionals busy with maintenance procedures 5.

Consider a city that has a number of hot dog stands operating throughout the downtown area. Suppose that each vendor has a marginal cost of $1.50 per hot dog sold and no fixed cost.

Which of the following are part of the loan underwriting process?

Who owns the factors of production? A. firms B. households C. individuals D. the market

One basic difference between "land" and "capital" resources is that land is multiple choice manufactured while capital is a gift of nature. unlimited while capital is limited. a gift of nature while capital is manufactured.

The Tip-Top Paving Co. wants to be levered at a debt to value ratio of. 6. The cost of debt is 11%, the tax rate is 34%, and the cost of equity for an all equity firm is 14%. What will be Tip-Top's cost of equity?

During 2019, its second year in operation, Sanborn Company delivered goods to customers equal to $6,250,000. The amount of cash collected from customers was $6,360,000. The amount of accounts receivable at the beginning of 2019 was $1,200,000.

Louisiana Specialty Foods can produce its famous meat pies in its factory at a production rate of 1650 cases each per day. The firm distributes the pies to regional stores and restaurants whose demand is a steady demand rate of 250 cases per day.

A company that produces gift cards for various retail stores implemented a marketing campaign that for a limited time offered a 10% discount on gift cards if you purchased three or more at the same time.