Why is profit necessary for the economy to work effectively? What benefits might consumers gain when a company makes a profit?

What are the two constraints that firms face while trying to maximize profits? a. price index and government tools b. law of supply and law of demand c. cost of production and consumer demand d. labor and raw materials

If a system depends on two subsystems functioning when activated, the reliability of that system is equal to that of the less reliable subsystem. a. True b. False

Depreciation calculation methods-partial year Freedom Co. purchased a new machine on July 2, 2013, at a total installed cost of $44,000. The machine has an estimated life of five years and an estimated salvage value of $6,000. a.

Rajib is the sole shareholder of Cardinal Corporation, a calendar year S corporation. In the current year, Cardinal generated a net profit of $350,000 ($520,000 gross income - $170,000 operating expenses) and distributed $80,000 to Rajib.

When and why did McDonald's expand its business to Australia

True/False Demand in which quantity demanded drops to zero at the slightest increase in price is called perfectly elastic

All the following are benefits of attending a community college except that

What type of theory is the expectancy theory

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $48,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000.

What is quotient mean?