A producer's market means higher prices.

True False

Which of the following observations is true? a. Fixed costs can be completely varied if the time period is sufficient. b. Fixed costs arise when some types of inputs can be bought only in big batches. c.

Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year. In January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.

What encourages produces to reduce costs and increase revenues? Question 15 options: marginal analysis the profit motive opportunity costs the production possibilities frontier

Which of the following types of companies provide personal liability protection for their owners? a. Sole proprietorships and partnerships b. Hierarchical companies and matrix organizations c. Corporations and LLCs d.

On January 1, 2012, Piper Co., purchased a machine (its only depreciable asset) for $600,000. The machine has a five-year life, and no salvage value.

Which of the following is not part of the fraud triangle? A. Perceived opportunity B. Realization C. Rationalization D. Perceived pressure

When the rate of inflation is equal to the interest rate on beth's deposit, the purchasing power of her depositrises over the course of the year?

A. Credit scores reflect how likely individuals are to repay their debts. B. Credit scores range from the low 300's to the mid 800's. C. Each person has three credit scores. D. All of the above.

Which of the following is not a characteristic of intangible assets? (a) They lack physical existence. (b) They are not financial instruments. (c) They are long-term in nature. (d) They are all subject to amortization.

Run-of-the-Mills provides your marketing firm with the following dа ta: When the price of penguin patties decreases by 20%, the quantity of raskels sold decreases by 22% and the quantity of kipples sold increases by 7%.