A price total of $1,500 is subject to a 5% sales tax. What is the amount due after tax? A. $1,625 B. $75 C. $1,750 D. $1,575

In Myanmar, six laborers, each making the equivalent of $2.50 per day, can produce 38 units per day. In China, nine laborers, each making the equivalent of $1.75 per day, can produce 48 units. In Billings, Montana, two laborers, each making $60.

How does the rate of a proportional tax change with income? A.) The rate increases as income increases. B.) The rate remains the same, even if income increases or decreases. C.) The rate decreases as income increases. D.

David purchases a yacht solely for the purpose of entertaining real estate clients. He wishes to position himself as a high-end real estate salesperson specializing in very expensive residences and uses the yacht only for business entertainment.

The following is a list of characteristics that describe a firm operating under monopolistic competition. Indicate whether these characteristics occur in the short run, the long run, or both. a. The firm produces a differentiated product. b.

According to customer lifetime value, why is it better to retain an existing customer than to acquire a new one? A. Costs are lower and profits are lower if every customer is a first-time customer. B.

Matt loves nike. not only does he own ten pairs of nike sneakers, his entire wardrobe is made up of nike clothing. he owns t-shirts, socks, hats, and athletic pants, all with the nike swoosh. matt's obsession with nike can best be described as:

App Developers, Inc. (ADI), enters into a contract with Carmen, the chief executive officer of SalesCorp, to create an app for the firm. To fulfill the contract, ADI hires Max and ten other student interns.

The adjusting entry for the loss of inventory due to shoplifting, employee theft, or errors should be made to:

Short-term obligations can be reported as long-term liabilities if: a. The firm has the ability to refinance on a long-term basis. b. The firm intends to and has the ability to refinance as long-term. c.

Amanda just graduated with her associate's degree in nursing. Her long-term goal is to run the mental health wing in the local hospital. Without applying, Amanda is offered a job as a manager in her neighbor's computer store.