If a firm increases its output quantity when marginal revenue is less than marginal cost then its profits will:

IncreaseA

DecreaseB

Be positiveC

Be negativeD

Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200

In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 23,980 units.

The aftertax cost of debt: a. will generally exceed the cost of equity if the relevant tax rate is zero. b. varies inversely to changes in market interest rates. c. is highly dependent upon a company's tax

Agreement is normally evidenced by an offer and an acceptance. True or False

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies Group of answer choices positive economic profits in the long run. losses in the long-run equilibrium. zero economic profits in the long run.

The Dow Jones Industrial Average is: a A good measure of the strength of the U. S. economy b Very stable from day to day c An indicator of the long-term value of stocks d Can predict global markets

An analysis of the accounts shows the following. 1. The equipment depreciates $248 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter. 3. Interest of $550 is accrued on the notes payable. 4.

On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: a. Fees accrued but unbilled at May 31 are $7,780. b. The supplies account balance on May 31 is $2,560.

True or False: Production runs can be scheduled in one or two shifts. A. True B. False

A message is updated on the company's web site. What is the communication type that is being used in that example? A. External formal communication B. External informal communication C. Internal formal communication D.