Owner's equity is not affected by
a. investments; b. withdrawals by the owner; c. profits; d. losses; e. all transactions
E
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Answer the following statements true (T) or false (F)
1.When transportation costs are added to our trade model, the degree of specialization in production between two countries increases, as do the gains from trade. 2.In the absence of transportation costs, free trade results in the equalization of the prices of traded goods, as well as resource prices, in the trading nations. 3.In industries where the final product is much less weighty or bulky than the materials from which it is made, firms tend to locate production near resource supplies. 4.Industrial processes that add weight or bulk to a commodity are likely to be located near the resource market to minimize transportation costs. 5.A product will be traded only if the cost of transporting it between nations is less than the pretrade difference between their relative product prices.
Answer the following statements true (T) or false (F)
Victor Corporation has provided you with the following budgeted income statement for one of its products:
Victor Corporation believes that 65% of the fixed costs would be avoidable if the product line was dropped. Based on the impact on the company's operating income or loss, Victor should keep the product line.
Gentile’s Giving Voice to Values is meant to strengthen business students’ skills in what type of situation?
a. When negotiating for salary b. When instigating a change project c. When in a situation that runs counter to their principles d. When onboarding new employees
In vertical analysis of the income statement, each item is expressed as a percentage of net income
Indicate whether the statement is true or false