Which of the following is a trend that depicts the increasingly nontraditional nature of today's American families?

A) the low percentage of working women in the workforce
B) the low percentage of married couples with children
C) the sharply declining number of dual-income families
D) the sharply declining number of stay-at-home dads
E) the decreasing reliance on convenience foods and services


B

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A firm is considering whether to continue to buy a particular component or to make the component themselves. There is no fixed cost associated with buying the component, but each component costs $17 to purchase. If the firm makes the component, it will incur a fixed cost of $5,000, but will be able to produce each component for $10. What is the break-even quantity?

a. 500 units b. 7 units c. 714.3 units d. 294.1 units

Business

When estimating a company's future growth rates, remember that the most recent five-year figures are much more important than the earlier five-year figures.

Answer the following statement true (T) or false (F)

Business

One of the reasons that Asian conglomerate business groups continue to grow and those in the United States are seen to be unfocused and unlikely to succeed is that

A. Asian conglomerates are made up of a set of legally separate corporations, each with its own board of directors and shareholders. B. U.S. conglomerates are made up of a set of legally separate corporations, each with its own board of directors and shareholders. C. Asian conglomerates are structured similarly to those in the United States and Europe. D. Asian conglomerates have a single corporation with a wide set of wholly owned subsidiaries.

Business

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, the company purchased 10 units at $22 each. On November 5, the company sold 8 units for $55 each. On November 6, the company purchased 6 units at $25 each. The company uses a perpetual inventory system. Using the weighted average method, what is the value of the ending inventory on November 30? (Round each per unit cost to 2 decimal places and then round your answer to the nearest whole dollar.)

A. $304 B. $280 C. $299 D. $404

Business