Unity Prax is a manufacturer of bronze sculptures. It obtains copper ore from the Pima County in Arizona. In this scenario, the copper ore obtained by Unity Prax can be classified as _____.

A. human resources
B. capital resources
C. natural resources
D. man-made resources


Answer: C

Business

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Inventory records for Marvin Company revealed the following:DateTransactionNumber of UnitsUnit CostMar.1Beginning Inventory1,000$7.20 Mar.10Purchase600 7.25 Mar.16Purchase800 7.30 Mar.23Purchase600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be:

A. $16,800. B. $16,660. C. $16,540. D. $16,760.

Business

Allen's Ark sells 2100 canoes per year at a sales price of $470 per unit. Allen's sells in a highly competitive market and uses target pricing. The company has calculated its target full product cost at $750,000 per year. Total variable costs are $250,000 per year and cannot be reduced. Assume all products produced are sold. What are the target fixed costs?

A) $987,000 B) $237,000 C) $250,000 D) $500,000

Business

A specially qualified indorsement can only be negotiated by indorsement and delivery

Indicate whether the statement is true or false

Business

A product tree can do which of the following?

A. Locate raw material supplies. B. Help to compute component usage. C. Reduce regular time labor. D. Reduce product scrap. E. Reduce labor overtime.

Business