Some goods can be produced more efficiently by larger companies. Such a situation is called

a. a partnership.

b. economy of scale.

c. a trust.

d. free enterprise.

Instructions 1. Journalize the six adjusting entries required at November 30, based on the data presented.

An increase in the productivity of producing jeans results in A. the quantity of jeans supplied increasing. B. the supply of jeans increasing. C. buyers demanding more jeans because they are now more efficiently produced. D.

Nathan has been unable to trust banks since the failure of his savings and loan bank. He claims that storing his hard-earned money at home is costless. Is Nathan correct

Jessica currently owns 500 shares of Alpha stock valued at $19 share. What will her investment in Alpha be worth if the company declares a 4-for-3 stock split?

A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which of the following marketing offerings? Services Goods Ideas Innovations Promotions

Willetta Company purchases inventory for $18,000 with terms 2/10, n/30. It then returns $2,800 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $180.

Flamingo Music produces 60,000 CDs on which to record music. The CDs have the following costs: Direct Materials $11,000 Direct Labor 15,000 Variable Overhead 3,000 Fixed Overhead 7,000 Flamingo could avoid $6,000 in fixed overhead costs if it

An increase in the price of one product but not the other: a) doesn't affect the budget line because income remains constant. b) shifts the budget line parallel to the right. c) changes the slope of the budget line.

The marketing concept states that the social and economic justification for an organization's existence is the satisfaction of customers' wants and needs while meeting organizational objectives. True or False

The following data is available for Blaine Corporation at December 31, 2012: Common stock, par $10 (authorized 25,000 shares) $200,000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are a) outstanding,