How is a career different from a part-time

job?

Every evening at a neighborhood bar, the clientele, which consists of construction workers, police officers, plumbers, and factory workers, watches sports events on the big screen television set and play pool.

The price elasticities of supply and demand affect A. the tax incidence but not the size of the deadweight loss from a tax. B. both the size of the deadweight loss from a tax and the tax incidence. C.

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2009 balance sheet showed long-term debt of $4 million. The 2009 income statement showed an interest expense of $330,000.

An employee has a regular hourly rate equal to $12. According to FLSA, how much should her/his employer pay this employee for each additional hour worked beyond the regular 40 hours within a period of 7 consecutive days? A) $12 B) $14 C) $16 D) $18

Which of the following is NOT an example of a transaction? A. An employer giving a paycheck to one of their employees for the hours they worked. B. An investor buying stock on the stock market. C. An individual paying for a new jacket. D.

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.