A major advantage of ownership versus leasing is _____
a. no difficulty in lease renewals
b. lower capital requirements
c. the long-term commitment to a given location
d. the ability to purchase locations in major shopping centers
a
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Suppose increased costs for security raised the costs of production for all firms. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
When British entrepreneur Richard Branson opened the first Virgin Megastore in Japan, he did so by establishing a joint venture with the Marui retailing chain. This represents an inappropriate market-entry approach for a global retailer
Indicate whether the statement is true or false
Bearer bonds are the same as
a. sinking fund bonds; b. indentured bonds; c. restricted bonds; d. debenture bonds; e. coupon bonds
Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 7.6 ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hourThe company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,800 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 The variable overhead efficiency variance for
the month is closest to: A. $318 U B. $336 F C. $336 U D. $318 F