Assume the cost of transporting autos from Japan to Canada exceeds the pretrade price difference for autos between Japan and Canada. Trade in autos is
a. impossible without subsidies of some form.
b. possible but only with sufficiently high taxes.
c. highly profitable but only for the largest firms.
d. moderately profitable but only for the smallest firms.
a. impossible without subsidies of some form.
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Which of the following inventory cost flow assumptions produces the same ending inventory values under both the periodic and perpetual systems?
A) FIFO B) LIFO C) weighted average D) dollar-value LIFO
________ is (are) collected in a standard format and made available to all subscribers
A) Basic data B) Complex data C) Written data D) Standardized information E) Syndicated data
Adele and Ivan recently established a trailer park and restaurant, Bril's Grill House, on their property, to supplement their income. Acme Oil Inc. operates a refinery 1.6 miles away from Adele and Ivan's property. The refinery that recently increased its production capacity regularly emits nauseating gases and odors which invade neighboring property and make people sick. This causes potential customers to stay away from Bril's Grill House. Acme disregarded Adele and Ivan's pleas to abate emitting the noxious odors. Under these circumstances, Adele and Ivan ________.
A. can sue for public nuisance as Acme is committing an illegal act B. do not have a cause of action C. can bring an action for private nuisance for damages and to enjoin Acme from emitting the odors D. cannot sue for public nuisance because private parties can never sue for abatement of public nuisance
The income statement reports all of the following except:
A. Expenses incurred by a business. B. Net income or loss earned by a business. C. Revenues earned by a business. D. The time period over which the earnings occurred. E. Assets owned by a business.