________ refers to a measure of the sensitivity of demand to changes in price
A) Price elasticity
B) A demand curve
C) Price-value equation
D) Marginal utility
E) Income elasticity of demand
A
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If an x-bar chart is constructed using the data in Table 5.4, what conclusion can be reached?
A) The process is in control. B) The process is out of control. C) The process is capable. D) The process is both capable and in control.
Capital rationing may be imposed because of all of the following EXCEPT
A) management has a fear of debt. B) the company's stock price is at an historically high level. C) capital market conditions are poor. D) stockholder control problems prevent issuance of additional stock.
Carattini Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$360,000 Budgeted hours 36,000labor-hoursStandard hours allowed for the actual production 34,200labor-hoursTotal actual manufacturing overhead$340,376 Actual hours 37,200labor-hoursThe total amount of manufacturing overhead applied is closest to:
A. $340,376 B. $372,000 C. $312,900 D. $342,000
A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. On the current year's interest date, after the bond interest was paid and after 40% of the total premium had been amortized, the company calls the bonds at $1,960,000. Prepare the journal entry to record the retirement of these bonds on January 1 of the current year.
What will be an ideal response?