What is cost in economics

Mann Corp.'s liability account balances at June 30, Year 2, included a 10% note payable in the amount of $3.6 million. The note is dated October 1, Year 1, and is payable in three equal annual payments of $1.2 million plus interest.

Suppose the government introduces a $4 per unit tax on the supply of automobile tires (suppliers are responsible for submitting the tax payment).

A maker of frozen meals claims that the average caloric content of its meals is 400, and the standard deviation is 15. a researcher tested 16 meals and found that the average number of calories was 350. identify the claim.

Marginal utility is the: select one: a. change in total utility obtained by consuming one more unit of a good. b. sensitivity of consumer purchases of a good to changes in the price of that good. c.

Operating cash flows rather than accounting income are listed in table 12.1. why do we focus on cash flows as opposed to net income in capital budgeting

Using accrual accounting, revenues are recorded a. when cash is received at the time services are performed or products have been delivered to customers b.

On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing.

Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.

One of your friends states that "operations management and supply chain management are primarily of interest to manufacturing firms." Is this true or false? Give some examples to support your answer

Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term.