Now suppose that the supply of new homes put on the market dropped, but price still stayed the same at $200,000. this could only have occurred if:

Given the cost formula, y = $7,000 + $1.80x, total cost for an activity level of 4,000 units would be:

Holten Farm sells new tractors and pays each salesperson a commission of $1,000 for each tractor sold. During the month of August, a salesperson, Fred, sold 3 new tractors. Jacob pays Jason on the 10th day of the month following the sale.

In order to be successful, a cartel must: a. find a way to encourage members to produce more than theywould otherwise produce. b. agree on the total level of production for the cartel, butthey need not agree on the amount produced by each member. c.

At December 31, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $1,900 (debit) before any adjustments.

Name of unemployment that occurs when a person wants to take time to find job

Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630.

The business judgment rule has been replaced by good faith statutes in most states. True or False

Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.

For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;