Consider Figure 2.2. With specialization, Canada produces
a. 16 televisions.
b. 12 televisions and 8 refrigerators.
c. 8 televisions and 16 refrigerators.
d. 24 refrigerators.
d. 24 refrigerators.
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A chemical company spent $531,000 to produce 151,000 gallons of a chemical that can be sold for $5.00 per gallon. This chemical can be further processed into a weed killer that can be sold for $8.20 per gallon. It will cost $250,000 to process the chemical into the weed killer. Which of the following is TRUE?
A) To maximize operating income, the company should continue to sell the chemical as is. B) If the company decides to process further, it will increase operating income by $457,200. C) If the company decides to process further, it will increase operating income by $233,200. D) If the company decides to process further, it will decrease operating income by $1,238,200.
Jax Recording Studio purchased $6600 in electronic components from Music World. Jax signed a 90-day, 12% promissory note for $6600. Music World's journal entry to record the sales transaction is:
A. Debit Notes Receivable $6600; credit Sales $6600 B. Debit Notes Receivable $6798; debit Interest Receivable $198; credit Sales $6600 C. Debit Accounts Receivable $6600; credit Sales $6600 D. Debit Notes Receivable $6798; credit Sales $6798 E. Debit Accounts Receivable $6798; credit Sales $6798
The degree of demand and price uncertainty has a significant influence on the appropriate portfolio of long- and short-term warehousing space that a firm should carry
Indicate whether the statement is true or false.
In several states, a(n) ________ is filed with the secretary of state prior to filing the articles of dissolution.
A. statement of intent to dissolve B. liquidation notice C. articles of liquidation document D. certificate of withdrawal