What does the term "elastic" describe?

About 85% of this country is counted in the labor force is involved in agriculture. This country mostly produces cocoa, coffee, tea, oil, copper and wood for countries like Australia, China and Japan.

Luthan Company uses a plantwide predetermined overhead rate of $22.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $266,400 of total manufacturing overhead cost for an estimated activity level of 12,000

Aquilera, Inc., has sales of $19.6 million, total assets of $14.6 million, and total debt of $5.4 million. The profit margin is 9 percent. What is the company's net income? (Enter your answer in dollars, not millions of dollars, e. g., 1,234,567.

Tool Manufacturing has an expected EBIT of $72,000 in perpetuity and a tax rate of 24 percent. The company has $128,500 in outstanding debt at an interest rate of 6.9 percent and its unlevered cost of capital is 11 percent.

In the current year, Dove Corporation (E & P of $1 million) distributes all of its property in a complete liquidation. Alexandra, a shareholder, receives land having a fair market value of $200,000.

If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False

A variable cost remains constant per unit at various levels of activity. a. True b. False

A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures. a. True b. False

You manage a portfolio worth $13.8 million, currently all invested in equities, and believe that the market is on the verge of a big but short-lived downturn.

Assignable causes: A) are not as important as natural causes. B) are within the limits of a control chart. C) depend on the inspector assigned to the job. D) are also referred to as "chance" causes.