The economic theory that is focused on group ownership of the means of production with all members of the community sharing in the work and the products is

When a company tries to create new uses for its product, it is undertaking a market modification program. a. True b. False?

The nissan automobile assembly plant in tennessee is an example of foreign direct investment in the united states. a. True b. False

Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $94,000. b. Direct materials used in production, $40,500. c.

Chris promises Doreen $40,000 if she graduates fro Eagle College. Doreen enrolls in Eagle, attends full-time for four years, and graduates. When Doreen asks Chris for $40,000, Chris says, "I don't remember promising you $40,000.

Tasty Beverage Co. produces soft drinks, specializing in fruit drinks. Tasty produces 4,100 cans of product per batch. Setup cost for each batch is $80 and each drink costs $0.10 to produce. a. What is the total cost per batch? b.

In a pure market economy, the government controls most actions. A. True False

In the 19th century, when crop failures often led to bank runs, banks would make relatively fewer loans and hold relatively more excess reserves. By itself, these actions by the banks should have a.

Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer.

If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tells us that the credit department is functioning efficiently and there are no past-due accounts.

ranfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,000. The division sales for the year were $960,000 and the variable costs were $475,000.