A term-of-trade index that equals 90 indicates that compared to the base year,
a. it requires a greater output of domestic goods to obtain the same amount of foreign goods.
b. it requires a lesser amount of domestic goods to obtain the same amount of foreign goods.
c. the price of exports has fallen from $100 to $90.
d. the price of imports has fallen from $100 to $90.
a. it requires a greater output of domestic goods to obtain the same amount of foreign goods.
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Sigma Company suffers a loss to its building in a fire and spends $100,000 on repairs and improvements. It judges that $80,000 of the expenditure replaces long-lived assets lost in the fire, and $20,000 represents improvements to the building. Which of the following is the single journal entry that Sigma Company will make?
a. Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 b. Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 c. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 d. Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 e. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000
Chem Company and Dura Plastics Inc. make and distribute a certain toxic chemical that is discovered in the water supply of the county in which their plants are located. In a product liability suit against both makers, market-share liability may be imposed on
A. only the party who realized the most profit from the use of the chemical. B. only the party with the largest market share. C. both parties. D. only the party who most aggressively marketed its product.
To test for normality, the ____________________ hypothesis specifies probabilities of certain intervals within the normal distribution
Fill in the blank(s) with correct word
In the long run, proving you can handle different types of credit will ultimately do what to your score and will establish you as a less risky consumer?
A) Raise B) Erase C) Lower D) Max Out E) Strengthen