One method of setting price using the cost-plus method is to add

Lucy Sportswear manufactures a specialty line of T-shirts using a job-order cost system. During March, the following costs were incurred in completing Job ICU2: direct materials, $13,700; direct labor, $4,800; administrative, $1,400;

Economic systems differ according to which two main characteristics? A. Who owns the factors of production, and the methods used to coordinate economic activity. B. The technology used in production, and the quantity and quality of natural resources.

What is the human resources occupation that plans directs and coordinates the administrative functions of organization

Assume that the MPC is 0.75. Full employment is considered to be at a GDP level of $500 billion. The GDP is $600 billion.

Clemens Inc. is considering a $100 million investment in a new line of soft drinks. However, $100 million is a huge investment for Clemens; if things turn bad, it could wipe out the company.

In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct.

A problem that initially hindered the marketability of mortgages in a secondary market was that they were not standardized.

Suppose that a manufacturer has one major buyer who orders its EOQ of 20,000 units about once per month. Annual demand is 240,000 units. The manufacturer has a setup cost of $180 per order and a holding cost per unit of $10.

The result of an inventory stockout usually results in a. a decrease in prices. b. an increase in lost sales. c. an increase in net profit. d. an increase in inventory costs. e. an increase in loyal customers.

What is double entry bookkeeping?