Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?

What is an important issue for our times, but is currently under-discussed? Why do you believe this?

In 1950, residents in Liberia were wealthier than those in Taiwan. Today, per capita gross domestic product (GDP) in Taiwan is more than 20 times that of Liberia.

What type of income statement reports both gross profit and operating income

Price changes are useful for matching the level of demand to the capacity of a facility. a. True b. False

Explain why the profit maximizing level of employment for a firm occurs when the marginal revenue product of labor equals the nominal wage. How can this profit-maximizing condition be expressed in real terms?

A firm has three different production facilities, all of which produce the same product ... While reviewing the firm's cost data, Jasmin, a manager, discovers that one of the plants has a higher average cost than the other plants and suggests

Five jobs are waiting to be processed. Their processing times and due dates are given below. Using the shortestprocessing time dispatching rule, in which order should the jobs be processed?

Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.

Which of the following comparisons best isolates the impact of a change in activity on performance?

If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of