Supreme Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $60,000. b. Materials requisitioned, $32,000, of which $9,000 was for general factory use. c. Factory labor used, $40,000, of which $18,000 was indirect. d. Other costs incurred on account for factory overhead, $12.500; selling expenses, $6,000; and administrative expenses, $194,570. e. Prepaid expenses expired for factory overhead were $14,000; for selling expenses, $14,000; and for administrative expenses, $26,000. f. Depreciation of factory equipment was $25,000; of office equipment, $19,000; and of office building, $18,000. g. Factory overhead costs applied to jobs, $39,000. h. Jobs completed $40,000. i. Cost of goods sold, $35,000.

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

What can be concluded from the data about the reliability and validity of the thermometers