Sales at Discus Associates increased 21% this year compared to last year. If sales this year were $200,255, what were the sales last year?
A) $165,500
B) $42,054
C) $158,201
D) $34,755
A
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Answer the following statements true (T) or false (F)
1.By widening the size of the domestic market, international trade permits companies to take advantage of longer production runs and increasing efficiencies such as mass production. 2.The theory of overlapping demands applies best to trade in manufactured goods. 3.Decreasing cost conditions lead to complete specialization in the production of the commodity of comparative advantage. 4.According to Staffan Linder, the factor-endowment theory is useful in explaining trade patterns in manufactured goods, but not primary products. 5.The theory of overlapping demands asserts that trade in manufactured goods is stronger the less similar the demand structures of two countries.
Contributed capital by owners is one source of long-term funds and is considered a type of long-term liability
Indicate whether the statement is true or false
The PLC represents the common pattern of evolution of sales and profits that all products share
Indicate whether the statement is true or false
How can the use of a predetermined overhead rate prevent timing problems in determining the costs of products?
What will be an ideal response?