Consider the following costs of owning and operating a car. An $18,000 Fiat 500 Pop financed over 60 months at 4 percent interest means a monthly payment of $331.50.
Insurance costs $120 a month regardless of how much you drive. The car gets 35 miles
per gallon and uses regular-grade gasoline that costs $2.60 per gallon. Finally, suppose
that wear and tear on the car costs about 20 cents a mile. Which costs are fixed, and
which are variable? What is the marginal cost of a mile driven? In deciding whether to
drive from Atlanta to Las Vegas (about 2,000 miles round-trip), which costs would you
consider? Why

1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product