________ accounts are credit accounts that have a single borrowing limit and may be used and repaid on a repeated cycle.
A. Charge
B. Loan
C. Checking
D. Savings
Answer: A
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Martin wishes to earn $4000 of operating profit each month. Calculate the number of guitars Martin will need to sell to achieve the target profit. (Round your answer up to the nearest whole guitar.)
Martin was a professional classical guitar player until a motorcycle accident left him disabled. After
long months of therapy, he hired an experienced luthier and started a small shop to make and sell
Spanish guitars. The guitars sell for $900, and the fixed monthly operating costs are as follows:
Martin's accountant told him about contribution margin ratios, and Martin understood clearly that for every
dollar of sales, $0.65 went to cover his fixed costs, and anything above that point was profit.
A) 3 guitars
B) 12 guitars
C) 4 guitars
D) 13 guitars
The sale of plant assets and the payment of dividends will reduce free cash flow
Indicate whether the statement is true or false
Firms must expense when incurred the transactions cost of acquiring a firm in a business combination under both U.S. GAAP and IFRS
Indicate whether the statement is true or false
A small manufacturer builds wooden pleasure boats in a craftsman manner by traditional labor-intensive methods. The first boat is estimated to take 650 hours of skilled labor, which cost $40 per hour
They currently have three workers that can work 2,000 hours a year. They assume that there is a 90% learning curve. How many boats can they build in their first year?