What are some of the important prerequisites to investing?
What will be an ideal response?
Answer: Before entering into risky investments, individuals need to provide for the necessities of life such as housing, transportation, and taxes. They should have liquid assets available to meet unforeseen emergencies such as job loss, auto repairs or dental treatments. They should also have insurance for catastrophic events involving health or property.
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Falcon Co Produces a single product. Its normal selling price is $30 per unit. The variable costs are $19 per unit. Fixed costs are $25,000 for a normal production run of 5,000 units per month. Falcon received a request for a special order that would not interfere with normal sales. The order was for 1,500 units and a special price of $20.00 per unit. Falcon Co has the capacity to handle the
special order and, for this order, a variable selling cost of $1 per unit would be eliminated. Should the special order be accepted? A) Cannot determine from the data given B) Yes C) No D) There would be no difference in accepting or rejecting the special order
Profit from the business would be included on the balance sheet in which section?
A. Assets or liabilities B. Owners equity C. Assets D. Liabilities
Which of the following is true? A free trade area is a group of two or more countries:
a. in which import duties and other trade barriers are reduced or eliminated. b. that have a common external tariff. c. that have common economic policies. d. All of the above
Ethics and customs are part of society's informal rules
a. True b. False Indicate whether the statement is true or false