What type of business organization has the advantage of specialization but the disadvantage of unlimited liability? A) corporation B) sole proprietorship C) partnership D) oligopoly

In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elasticity of demand that will be less than it was in the short run.

The following information applies to Nichola Manufacturing Company, which has a 6-month operating cycle:Cash sales $100,000 Credit sales during the sixth month with net 30 days terms 150,000 Credit sale during the fifth month with special terms of

A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty work. the current period's entry to record the warranty expense is:

A company manufactures a product using machine cells. Each cell has a design capacity of 250 units perday and an effective capacity of 230 units per day.

Assume that in a private, closed economy consumption is $240 billion and investment is $50 billion, both at the $280 billion level of domestic output. Thus: A. saving is $10 billion. B. unplanned decreases in inventories of $10 billion will occur. C.

The recording of the factory labor incurred for general factory use would include a debit to a. Wages Expense b. Factory Overhead c. Wages Payable d. Cost of Goods Sold

Rachel must store a few pieces of her furniture for six months. A storage unit costs $55 for the first month and $47.50 for the remaining months. How much will it cost to store her furniture? A. $330.00 B. $237.50 C. $285.00 D. $292.50

Acme Movers is a company that ships goods and cargo to all locations in the United States. The employees understand that the company's primary vision of timeliness, efficiency and low-cost services is important to maintain the competitive edge over

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:a. An increase in cash flows from financing activities b. An increase in cash flows from investing activities c.

What is the following scenario an example of? Tom often calls 911 from the drive-through lane of a fast food restaurant if his order comes out wrong. A. public choice theory B. utility theory C. moral hazard D. law of diminishing marginal utility