In your own words, describe the 3 functions of money.

1. A firm in a competitive market has the following cost structure: Output Total Costs 0 $10 1 $12 2 $15 3 $19 4 $24 5 $30 6 $37 7 $46 8 $55 9 $65 If the market price is $8, how many units should the firm produce to maximize profit? a. 5 units b.

Crane Machine Works produces soft serve ice cream freezers. The freezers sell for $17,000, and variable costs total $12,100 per unit. Crane incurs $25,860,000 in fixed costs during the year. The company's tax rate is 28%.

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: (Enter your answers in millions, not in dollars.

On July 1, Mabel and Pierre formed a partnership, agreeing to share profits and losses in the ratio of 4:6, respectively. Mabel contributed a parcel of land that cost her $25,000. Pierre contributed $50,000 cash.

Cyclical unemployment select one: a. Has a different explanation than does the natural rate of unemployment. b. Refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment. c.

Morgan company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semi-annually. the current market rate is 8%. the amount of interest owed to the bondholders for each semiannual interest payment is:

Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401 (k) plan at work. Calculate the following a. Adjusted Gross Income. b.

Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predetermined overhead rate for 2018 was $32.40 per DLH. Middleton estimated the annual activity level to be 7,500 DLHs.

A student organization has been given permission to operate a pizza stand during the upcoming homecoming weekend. the stand will be located just outside the football stadium, making it accessible during the game.

It ONLY makes sense to implement an ABC system when: A. ABC provides information to make better decisions. B. Its benefits exceed implementation costs. C. ABC traces more costs as direct costs. D.