In many respects, today's schools, when viewed as an example of a formal organization, are similar to factories, hospitals, and business firms.

a. True

b. False

Assume the following information pertaining to Moonbeam Company: Finished goods inv: Beg: 130,000 End:124,000 Work in process inv: Beg: 85,000 End: 104,000 Direct Materials: Beg: 117,000 End: 130,000 Costs incurred during the period are as follows:

Who has to approve the budget of the U. S. government? Question 1 options: the Fed Congress the president citizens

The price elasticity of supply measures how rev:a. easily labor and capital can be substituted for one another in the production process. b. responsive the quantity supplied of X is to changes in the price of X. c.

The owner of a bicycle repair shop forecasts revenues of $188,000 a year. Variable costs will be $57,000, and rental costs for the shop are $37,000 a year. Depreciation on the repair tools will be $17,000.

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what's the future value of the same annuity due?

If $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet, the auditor should set overall materiality at which of the following dollar amounts? a. $20,000 b. $25,000 c. $40,000 d. $15,000

Jerome Industries has inventory days of 48, accounts receivable days of 21, and accounts payable days of 30. What is the length of its cash cycle

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.

A micro loan would mostly likely support which of the following projects? a. cattle farming b. textbooks for school c. handcrafts d. tobacco plantation

What are examples of withdrawals from the circular flow of income? Cheak all that apply.