Suppose that a company is making positive economic profit. Which one of the following statements must be true? a) Its total costs exceed total revenue. b) Investors are likely to invest their funds in its competitors. c) It has problems paying for the opportunity cost of all the resources It uses. d) It can afford to pay for the opportunity cost of all the resources it uses.
Answers: 3
Business, 21.06.2019 12:30
Read about wanda’s complaint to the fdic. what action did the regulator most likely take in this case? the fdic found out that a company misreported information to a credit scoring company about wanda. wanda contacted the company and asked them to fix the problem. the company refused to talk about it and referred her back to the credit company. the fdic declares the company has violated the .
Answers: 1
Business, 21.06.2019 21:00
On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.
Answers: 2
Business, 22.06.2019 10:00
Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150
Answers: 3
Business, 22.06.2019 19:40
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
Suppose that a company is making positive economic profit. Which one of the following statements mus...
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