Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and average variable costs of $150. the firm's total fixed costs are:

What is the principle distinction between explicit costs and implicit costs? A. There is no real difference between explicit and implicit costs. B.

J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several profitable periods, the two partners decided to liquidate their partnership.

Shadee Corp. expects to sell 640 sun visors in May and 350 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively.

Arianna is setting up an entertainment system. at this particular home, she needs to hold up a receiver while moving wires around and reaching for tools. arianna is using

Martina, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (Machining and Assembly).

Spencer Co. has a $350 petty cash fund. At the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. The fund has a balance of $78.

Excise taxes on gasoline and state sales taxes are often criticized for being regressive, even though everyone pays the same tax rate regardless of income. Why could this be the case?

How long would it take for the price level to double if inflation persisted at the following percentages?

Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to product y and product z

A rectangular garden of area 300 square feet is to be surrounded on three sides by a brick wall costing $ 10 per foot and on one side by a fence costing $ 5 per foot. Find the dimensions of the garden such that the cost of the materials is minimized.