The price that maximizes profit is the one that results in the greatest difference between
A. total revenue and average variable cost.
B. total cost and total fixed cost.
C. average cost and average variable cost.
D. total revenue and total cost.
E. total revenue and average fixed cost.
Answer: D
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Which of the following is required to be disclosed, pursuant to GAAP?
A) operating income or loss from discontinued component reported on the income statement B) a description of facts and circumstances leading up to the sale of a discontinued component within the notes of the financial statements C) all gains or losses from sale of the component reported on the income statement or in the footnotes D) All of these answer choices are correct.
"What will we do if it happens?" is a question that managers typically ask while conducting a scenario analysis
Indicate whether the statement is true or false
West Corporation purchased 15,000 shares of Luffy Corporation common stock for $60 per share on January 2, 2009 . Luffy Corporation reported net income of $1,500,000 for 2009 and paid dividends of $300,000 during 2009 . Luffy has a total of 50,000 shares of common stock outstanding. The entry that would be recorded to recognize the income is:
a. Cash 90,000 Dividend Income 90,000 b. Investment in Luffy Corporation 450,000 Income, Luffy Corporation Investment 450,000 c. Dividend Income 450,000 Cash 450,000 d. Investment in Luffy Corporation 450,000 Cash 450,000
Which of the following strategies should negotiators with a low familiarity with the other culture choose?
A. coordinate adjustment B. embrace the other party's approach C. adapt to the other party's approach D. employ agents or advisers