U. s. gross domestic product (gdp) measures the market value of all goods and services produced by americans in one year.

a. True

b. False

Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment a. Kyoko borrows money to build a new lab for her engineering firm. b. Rina purchases stock in NanoSpeck, a biotech firm. c.

Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $94 for Office Supplies, $179 for merchandise inventory, and $43 for miscellaneous expenses.

International Toys (IT) manufactures toys in South Carolina and sells them to stores around the world. A customer in Europe is injured when one of the toys malfunctions and severs the customer's hand. The customer files suit in the United States.

Jackie's Coffee is a sit-down café with a wait staff that takes customers' orders. Jackie's competitor, Johnny's Coffee Shack, sells its coffee only at various kiosks that Johnny's has established around the city. A. differentiated by perception B.

State and explain 5 specific forces that act as stimulant of change in management.

The revenue recognition principle dictates that revenue should be recognized in the accounting records: a. when cash is received b. in the period that income taxes are paid c. when it is earned. d. at the end of the month.

Which of the following involves trading partial ownership interests for capital? A) Equity financing B) Debt financing C) Partnership financing D) Corporate financing

Rockingham Motors issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 34 percent. What is the aftertax cost of debt?

Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below the price and above the supply curve. D. under the supply curve.

Arthur made a bid at an auction by calling out the amount of $250. The auctioneer acknowledged Arthur's bid. There were no higher bids, and before the fall of the auctioneer's hammer, Arthur announced that he was withdrawing the bid.