A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the most elastic demand?

1. Sports car

2. Chemotherapy for cancer patients

Identify the accounting concept, assumption, or principle that best applies to each of the following situations: a. Burger King , the restaurant chain, sold a store location to McDonald 's.

Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion.

For jacobs company, the predetermined overhead rate is 70% of direct labor cost. during the month, $600,000 of factory labor costs are incurred of which $140,000 is indirect labor. actual overhead incurred was $320,000.

it is possible for a hospitality operations at a profit during any given month but simultaneosly have insufficient cash flow during that same month

What fueled rumors of a Red Scare? a. fear of Nazis b. fear of Communists c. fear of bloodshed d. fear of economic collapse

The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility.

In the open economy of Sildavia, government spending during 2005 was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $100 billion.

Ridiculousness, Inc., has sales of $49,000, costs of $22,600, depreciation expense of $2,150, and interest expense of $1,900. If the tax rate is 21 percent, what is the operating cash flow, or OCF?

A common measure of liquidity is a. the accounts receivable turnover. b. dividends per share of common stock. c. the asset turnover ratio. d. the profit margin.

Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant.