One weakness of a market system is that

7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000.

Assume fixed costs total $180,000 per month, the variable cost per unit is $70, and each unit sells for $160. What is the contribution margin ratio (rounded) ?

You are angry at a friend who frogot to meet you for lunch, and you decide to write an e-mail about how it made you feel. What should you do before you send the e-mail?

Why do people have to vote for our presidents

Which item is more economical? A. a $100,000 life insurance policy at $0.55 per $1000 per month B. a $100,000 life insurance policy at $170 per quarter.

On January 1, Year 1, Phillips Company made a basket purchase including land, a building and equipment for $895,000. The appraised values of the assets are $64,000 for the land, $920,000 for the building and $176,000 for equipment.

Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options that total $2,334, and a $500 destination charge.

gOn July 1, Twin Pines Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $220,000.

3. Definition of economic costs Felix lives in Miami and runs a business that sells boats. In an average year, he receives $851,000 from selling boats.

In rich countries such as the United States, changes in the level of taxation have little impact on the incentives of entrepreneurs. True or False?