When there few close substitutes available for a good, demand tends to be

a. perfectly inelastic.

b. relatively inelastic.

c. perfectly elastic.

d. relatively elastic?

List and describe the three traits you need to become a successful entrepreneur

Shamrock Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.

Product A's contribution margin ratio (60%) is greater than Product B's contribution margin ratio (40%). Product A's contribution margin ratio can be contributed to its lower promotion and sales commissions costs. Thus, management should consider a.

Current maturities of long-term debt: permit a more accurate determination of working capital. represent cash that has been set aside for debt payments due within a year. are classified with long-term debt.

A change in the dollar value of the British pound from $1.60 to $1.50 represents A. an increase in the pound price of British goods. B. an appreciation of the dollar relative to the pound. C. an increase in the dollar price of British goods. D.

A firm is most likely to pursue a global standardization strategy when

Miyose Corporation, a manufacturing company, has provided the following data for the month of June: Raw materials purchased during June totaled $67,000 and the cost of goods manufactured totaled $124,000.

Economists and policy makers often deal with the tradeoff between efficiency and: A) revenue. B) profit. C) equity. D) cost.

A corporation in 2018 expects a gross income of $475,000 , total operating expenses of $350,000 , and capital investments of $25,000. In addition the corporation is able to declare $52,000 of depreciation charges for the year.

LO 7.1Which approach requires management to justify all its expenditures? bottom-up approach zero-based budgeting master budgeting capital allocation budgeting