Absolute advantage is found by comparing different producers' a. locational and logistical circumstances. b. input requirements per unit of output. c. payments to land, labor, and capital. d. opportunity costs.

How can you determine the cost of something without concidering mearly its monitary value

Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $ 47,200 Direct materials used 56,000 Direct labor used 15,600 Factory supervisor salary 10,000 Salesperson commissions

Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005. However, the inflation rate was higher between 2004 and 2005 than it was between 2003 and 2004.

The town of snowville is concerned that its rental property market is overpriced. the demand for rental housing is p = 48 - 2q, while the supply of rental housing is p = 12 + q.

Which of the following will prevent a corporation from qualifying as an S corporation? A. Deriving more than 40% of its gross receipts from passive income sources. B. Having a partnership as a shareholder. C.

Willetta Company purchases inventory for $18,000 with terms 2/10, n/30. It then returns $2,800 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $180.

Flamingo Music produces 60,000 CDs on which to record music. The CDs have the following costs: Direct Materials $11,000 Direct Labor 15,000 Variable Overhead 3,000 Fixed Overhead 7,000 Flamingo could avoid $6,000 in fixed overhead costs if it

An increase in the price of one product but not the other: a) doesn't affect the budget line because income remains constant. b) shifts the budget line parallel to the right. c) changes the slope of the budget line.

The marketing concept states that the social and economic justification for an organization's existence is the satisfaction of customers' wants and needs while meeting organizational objectives. True or False

The following data is available for Blaine Corporation at December 31, 2012: Common stock, par $10 (authorized 25,000 shares) $200,000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are a) outstanding,