A weighted aggregate price index where the weight for each item is its base-period quantity is known as the
a. Laspeyres index.
b. Paasche index.
c. Weight index.
d. Quantity index.
a
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Marcos Company reported the following items on its financial statements for the year ending December 31, 2016: Sales $ 560,000 Cost of goods sold $400,000 Salary expense 40,000 Interest expense 30,000 Dividends 20,000 Income tax expense 25,000 How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2016, if this is the first year of operations?
a. $ 45,000 b. $ 65,000 c. $ 85,000 d. Not enough information is provided.
The reluctance of U.S. manufacturers to produce small cars for smaller unit profits despite the growing preference of U.S. customers for small cars is a classic example of ________
A) marketing myopia B) vertical disintegration C) diseconomies of scale D) diseconomies of scope
Professional sports, entertainers, and other occupations with high individual bargaining power tend to organize under:
A. Employee ownership unionism. B. Employee empowerment unionism. C. Solidarity unionism. D. Associational unionism.
A liability created when a business collects cash from customers in advance of providing services or delivering goods is called a(n) ________
A) notes receivable B) unearned revenue C) accrued liability D) service revenue