Given that fixed costs are constant as output increases, average fixed costs are also constant.

a. True

b. False

Insurance policy where she makes payments of $185 per year for the rest of her life

You have to buy a new copier. The cost of the copier is $ 2 comma 000 , plus $ 400 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease the copier to you and do the maintenance as well.

The monopolist, unlike the perfectly competitive firm, can continue to earn an economic profit in the long run because of: Group of answer choices collusive a. agreements with competitors. b. price leadership. cartels. c. a dominant firm. d.

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan.

Mountain View Company produces hiking boots. The direct labor standard for each pair of boots is 1 hour at a cost of $ 19.00 per direct labor hour.

Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.

During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.

The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.

What causes changes from one phase of the business cycle to another?

Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 shares for $400,000. In 2024. 20,000 of the repurchased shares were resold for $320,000.