Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?

If food makes up about 15% of total expenditure of the country, and if the food prices rise by 10%, while other components of the price index remain constant, how much will the price index rise? a. 1% b. 25% c. 1.5% d. 15%

Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit

In the IS-LM model, a decrease in the interest rate would be the result of a (n) : increase in government purchases. increase in the money supply. decrease in taxes. increase in money demand.

Which of the following is an example of entrepreneurship? A. A woman accepts a job with a large corporation. B. A man buys flowers from a local gift shop. C. A woman volunteers at a local youth center. D. A man opens a restaurant in his neighborhood.

Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the: A. prime rate. B.

The difference between a nominal variable and a real variable is that A. real variables are calculated in current-year prices and the nominal variables are measured in dollars of the base year to adjust for the effects of inflation. B.

Payment of a fixed fee per member per month is a characteristic of:

Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Fees earned $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Prepare an income statement for the year

A woman eats chips and dips and burgers and fries and drinks a couple of shakes. afterward, she goes to the gym and does 90 minutes of aerobics, spends an hour on the stair stepper, and then does weights for another hour.

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $126,500, allowance for doubtful accounts of $885 (credit) and sales of $1,035,000.