_____ is a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange of user-generated content.
A. Social media
B. Static media
C. An intranet
D. A cookie
Answer: A
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Which of the following is generally reported at purchasing power parity (PPP)?
A) gross domestic product (GDP) B) an exchange control C) a trade surplus D) a trade deficit E) a non-tariff barrier
When distributors do not have authorization from manufacturers but divert products from low-price markets and sell them in high-price markets, they are practicing ________.
A. compensation trading B. dumping C. gray market distribution D. offset pricing E. price fixing
Wade Company is operating at 75% of its manufacturing capacity of 140,000 product units per year. A customer has offered to buy an additional 20,000 units at $32 each and sell them outside the country so as not to compete with Wade. The following data are available:Costs at 75% capacity:Per Unit TotalDirect materials$12.00 $1,260,000 Direct labor 9.00 945,000 Overhead (fixed and variable) 15.00 1,575,000 Totals$36.00 $3,780,000 In producing 20,000 additional units, fixed overhead costs would remain at their current level but incremental variable overhead costs of $6 per unit would be incurred. What is the effect on income if Wade accepts this order?
A. Income will increase by $5 per unit. B. Income will increase by $4 per unit. C. Income will decrease by $5 per unit. D. Income will increase by $11 per unit. E. Income will decrease by $4 per unit.
Acer, Inc plans to develop a shopping center
In the first quarter, the following amounts were spent: Acquisition of land $17,000 Surveys and legal fees 600 Land clearing 800 Fencing 5,000 Install lighting and signage 1,560 What amount should be recorded as the cost of the land in the corporation's books? A) $23,400 B) $18,400 C) $19,960 D) $22,800