Refer to exhibit 7-3. what is the average total cost of producing 60 units of output?

At the beginning of the period, the Molding Department budgeted direct labor of $33,000 and supervisor salaries of $24,000 for 3,000 hours of production. The department actually completed 2,500 hours of production.

If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14,000, and depreciation added up to $64,000, what was the firm's net income?

A company had cash flows during the year as follows: $50,000 received from short-term borrowing, $10,000 paid to purchase treasury stock, $15,000 paid to stockholders as dividends, and $15,000 to purchase plant assets.

Which of the following is an agency that has responsibility for supervising and regulating the safety and soundness of banks? a. The Fed b. The Federal Deposit Insurance Corporation c. The Comptroller of the Currency Treasury Dept. d.

Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?

Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend yield of 7.50% and a par value of $60. If the market value for the preferred stock is $70, what is the required return on this preferred stock?

The "lemons problem" in the used car market arises from A. the difficulty buyers have in distinguishing good cars from lemons. B. the difficulty U. S. producers have in making reliable cars. C.

Economists usually call an industry an oligopoly if A. there is one firm that produces 100 percent of the output B. the ten largest firms produce less than 50 percent of the output C. only one product is available on the market D.

Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not effective) annual rate of return?

A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provide both income and growth. The best recommendation would be: