Explain the difference between conflict and competition.

Which best explains why producers choose to specialize? Check all that apply. {} to increase competition {} to gain a comparative advantage {} to decrease the amount of goods produced {} to maintain market share {} to increase efficiency

On Jan 1,2016, the Allegheny corporation purchased machinery for115,000$. The estimated service life of the machinery is 10 yearsand the estimated residual value is 5000$. The machine is expectedto produce 220,000 units during its life.

If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%, the company will need to earn a net income of $

Liquid dry shampoo should be used to clean what kind of wigs

Which best explains how free choice is protected in a free-market system? A. Consumers and producers protect their own freedom by making economic choices. B. The government makes and enforces whatever laws are needed to guarantee free choice. C.

1. During the Middle Ages, courtly love was embodied in the behavior of a knight toward the fine lady he loved. He would prostrate himself before her, idealize her, carry her favor into battle, but never demonstrate physical love for her.

Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 finished units on hand and its managers want to have 14,000 units on hand at the end of the period.

Sally's Sod Inc. provides lawn maintenance and has two different packages: Standard and Deluxe. Selected data related to each package is as follows: Standard Deluxe Contribution margin per package $40 $120 Direct labor hours per package 2 3 For the

The traditional business model of accounting is inadequate for governments and not-for-profit organizations primarily because businesses differ from governments and not-for-profit organizations in that

Slick Heating Company has $492,000 in direct labor expense, $318,000 in direct material expense, $24,000 in factory rent, and $98,000 in production supervisory overhead. What will be the total product cost under activity-based costing?