Consider Figure 5.6. In the global market for wine, the EU is willing to supply as much wine as the U.S. demands at $8 per bottle. If the U.S. imposes a quota of 15 bottles of wine, how much revenue will the U.S. government collect?
a. 0
b. $35
c. $70
d. $105
a. 0
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Last year, Garrison Manufacturing sold 250,000 units at $8 each. Both sales volume and sales price are expected to increase by 15 percent in the upcoming year. The expected sales revenue for the upcoming year is:
A) $2,645,000 B) $2,300,000 C) $2,000,000 D) $1,955,000
According to Harold Kelley's attribution theory, attributions are formed based on:
A. feedback from coworkers. B. whether the three informational cues are low or high. C. objective and accurate opinions provided by managers. D. openness and trust in the workplace.
As of June 2013, the consolidated balance sheet of the Federal Reserve System included about ________ in assets
A) $3.5 trillion B) $2.0 trillion C) $1.5 trillion D) $500 billion
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available: Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.
Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000. Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.) Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end. Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is: A. $200,000 B. $194,000 C. $171,000 D. $209,000 E. $156,000