Mitch owns a pet boarding kennel. The monthly payment on the land he purchased for his kennel, the mortgage on his small office building, and his business license are all examples of _____ costs.

A. marginal
B. variable
C. fixed
D. promotional
E. demand

Answer: C

Business

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Silvia's Studio provided $220 of dance instruction and rented out its dance studio to the same client for another $135. The client paid cash immediately. Identify the general journal entry below that Silvia's Studio will make to record the transaction.

A.

Accounts Payable355? 
  Rental Revenue 135?
  Instruction Revenue 220?

B.
Rental Revenue135? 
Instruction Revenue220? 
  Accounts Receivable 355?

C.
Rental Revenue135? 
Instruction Revenue220? 
  Cash 355?

D.
Cash355? 
  Rental Revenue 135?
  Instruction Revenue 220?

E.
Unearned Revenue355? 
  Rental Revenue 135?
  Instruction Revenue 220?

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A manufacturer wants its brands to be placed at eye-level, end-aisle locations. A retailer may reserve some of these locations for its private brands. This illustrates _____

a. channel conflict b. a functional product grouping c. channel cooperation d. a storability product grouping

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In Microsoft Word 2010, the Heading Styles helps report writers with consistency of headings

Indicate whether the statement is true or false

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In some states, public employees must submit collective bargaining disputes to binding arbitration

Indicate whether the statement is true or false

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