In an inflationary economy, the cost to produce and buy products and services ________ as prices ________.
A. decreases; increase
B. decreases; decrease
C. does not change; increase
D. increases; increase
E. increases; decrease
Answer: D
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________ are the results of marketing actions
A) Assumptions B) Consequences C) Hypotheses D) Assertions E) Objectives
Which skill set of Emotional Intelligence focuses on when a person can be open to their own feelings and the emotions of those around them?
A. identifying emotions B. using emotions C. understanding emotions D. managing emotions
You purchase $250,000 worth of insurance to protect your restaurant with a $10,000 deductible. How much money are you entitled to receive as a payout if a fire destroys your store which is valued at $250,000?
A. $240,000 B. $10,000 C. $250,000 D. $240,000 less co-payment
On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $88,000. A total of $4,000 was paid for installation and testing. During the first year, Milton paid $6,000 for insurance on the equipment and another $2,200 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is $8,000. During Year 1, the equipment produced 13,000 units. What is closest to the amount of depreciation for the year?
A. $11,960 B. $12,740 C. $11,700 D. $10,920