The level of production that provides complete utilization of all facilities and personnel, but allows for some idle capacity due to operating interruptions such as machinery breakdowns, idle time and other inescapable inefficiencies is:
a. practical capacity.
b. theoretical capacity.
c. budgeted capacity.
d. normal capacity.
a
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All City Realty, Inc. issued 7000 shares of $9 stated value common stock for $16 per share. The journal entry to record this transaction includes a credit to ________.
A) Common Stock for $112,000 B) Paid-In Capital in Excess of Stated — Common for $63,000 C) Common Stock — $9 Stated Value for $49,000 D) Paid-In Capital in Excess of Stated — Common for $49,000
For the FTC to consider a practice to be unfair, it must meet a three-part test. Which of the following is NOT one of those tests?
a. The practice causes a substantial consumer injury. b. The harm of the injury outweighs any countervailing benefit. c. The consumer had no reasonable way to recoup lost funds from the injury. d. The consumer could not reasonably avoid the injury.
Which of the following is a change that should be seen in reaction to the decline in the natural environment?
a) Less tension between economic growth and environmental protection b) Developing nations will continue to imitate consumption of developed nations c) Developed nations will need to change their lifestyles d) MNEs will pursue maximization of profits
Prepare a vertical analysis of the income statement shown below
(Round to two decimal places.) Trucker, Inc Income Statement For the Year Ended December 31, 2017 Net Sales $7,000 Cost of Goods Sold 3,800 Gross Profit 3,200 Operating Expenses: Selling Expenses 950 Administrative Expenses 670 Total Operating Expenses 1,620 Operating Income 1,580 Other Revenues and (Expenses): Interest Revenue 0 Interest Expense (750 ) Total Revenues and (Expenses) (750 ) Income Before Income Taxes 830 Income Tax Expense 150 Net Income $680 What will be an ideal response