Calculate the number of transactions made per year if a total of 20 million transactions are made in a year by 40 manufacturers and 4,000 retailers
A) 250
B) 125
C) 75
D) 50
E) 175
B
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Investments are initially recorded in accounting records at cost. However, after the purchase, the value on the balance sheet may be adjusted due to subsequent conditions. List three such subsequent conditions
Cage Company had net income of $160 million and average total assets of $2,000 million. Its return on assets (ROA) is:
A. 125%. B. 80%. C. 12.5%. D. 0.8%. E. 8%.
The worth of a job, as it is determined by its comparative worth with jobs in other firms, is an external factor in the wage mix.
Answer the following statement true (T) or false (F)
Which of the following observations concerning different measures of national income is true?
A. The less-developed nations account for the biggest share of the world's GDP. B. GDP is the only measure of national income. C. GDP does not include income earned by foreigners who own resources in that nation. D. Using GNI can give the impression that people in less-developed countries have more income than they really do. E. GNI per capita is a useful figure because it gives some idea of the income level of people in the country.