Which of the following argues against extending credit? 1. increased collection expense 2. reduced collection expense 3. increased bad debt expense 4. reduced bad debt expense?
A. ?1 and 3
B. ?1 and 4
C. ?2 and 3
D. ?2 and 4
Answer: A
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When a nation achieves autarky equilibrium,
a. input price equals final product price. b. labor productivity equals the wage rate. c. imports equal exports. d. production equals consumption.
The Greek word tele, which means "_____," is part of such words as "telephone," "teleconference," and other words referring to technologies that allow communications over large distances.
A. far B. path C. away D. distance
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed element per monthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$57,200 $1,100Servicing materials $600Other expenses$31,000 ?The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May.?The activity variance for revenue for May would have been closest to:
A. $20,300 F B. $22,500 F C. $22,500 U D. $20,300 U
In which country will children have most influence on the clothes to be bought for them?
a. Belgium b. Spain c. France d. Denmark