Define assets. Provide three examples of assets

What will be an ideal response


Assets are economic resources that are expected to benefit the business in the future. Assets are something the business owns or has control of. Examples include cash, merchandise inventory, furniture, and land.

Business

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Soon after the United States implemented the Smoot-Hawley Tariff Act of 1930

a. the volume of international trade dramatically increased. b. employment in the United States rapidly increased. c. about 25 countries levied import tariffs on U.S. products. d. the world returned to a policy of free trade.

Business

Identify and discuss methods to persuade an audience that is skeptical or hostile

What will be an ideal response?

Business

When a firm analyzes the marketing environment, it is least likely to look at which of the following?

A) the firm's current strengths B) the firm's current weaknesses C) the actions of competitors D) the state of the economy E) the cost of developing a new product

Business

Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product BDirect materials$20,000  $15,000 Direct labor 12,000  $24,000  The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)

A. $22.20 B. $16.80 C. $7.80 D. None of the answers are correct.

Business