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ECO 372 Final Exam / 100% correct answers1) The largest source of household income in the U.S. is obtained from    A.   stock dividends    B.   wages and salaries    C.   interest earnings    D.   rental income    2) The market where business sell goods and services to households and the government is called the    A.   goods market    B.   factor […]

ECO 365 Final Exam / 100% correct answers / A+   1) An economist who is studying the relationship between the money supply,interest rates, and the rate of inflation is engaged in     A.     microeconomic research    B.     macroeconomic research    C.     theoretical research, because there is no data on these variables    D.     empirical research, because there […]

COM 285 Final Exam Final Exam / 100% correct answers 1) Susan Rojas is applying for a position in the marketing department of a local corporation. Although Greg Ellis is the director of this department, Susan has been instructed to send her resume and other documents to Jeff Cohen, manager of the human resources department. […]

1. Which of the following is true of the scientific method of inquiry? a. complete once the hypothesis has been tested b. will vary depending on the specific research question c. systematic process that is used to answer questions d. different in basic research than in applied research 2. In true experimental designs, what does […]

BUS 475 Final Exam –  SET 5 / 100% correct answers / A+ 1) The income statement and balance sheet columns of Pine Company’s worksheet reflects the following totals:         Income Statement         Balance Sheet    Dr.        Cr.        Dr.        Cr.Totals    $58,000        $48,000        $34,000        $44,000Closing entries are necessary for […]

BUS 475 Final Exam –  SET 4 / 100% correct answers / A+1) A well-designed activity-based costing system starts with __________.A.   analyzing the activities performed to manufacture a product B.   assigning manufacturing overhead costs for each activity cost pool to productsC.   computing the activity-based overhead rate D.   identifying the activity-cost pools 2) “Generally accepted” in […]

Polk Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2012, the company incurred the following costs.Variable Cost per Unit Direct materials $8.10Direct labor $2.65Variable manufacturing overhead $6.21Variable selling and administrative expenses $4.21 Fixed Costs per Year Fixed manufacturing overhead $254,184Fixed selling and administrative expenses $259,308Polk Company sells the […]

BUS 475 Final Exam (Set 3)1) The income statement and balance sheet columns of Pine Company’s worksheet reflects the following totals:         Income Statement        Balance Sheet    Dr.    Cr.        Dr.    Cr.Totals        $58,000    $48,000        $34,000    $44,000To enter the net income (or loss) for the period into the above worksheet requires an entry […]

BUS 475 Final Exam – Set21) The cost principle requires that when assets are acquired, they be recorded at __________.A.   list price B.   selling price C.   exchange price paid D.   appraisal value 2) “Generally accepted” in the phrase generally accepted accounting principles means that the principles __________.A.   have been approved for use by the managements […]

BUS 475 Final Exam –  SET 1 / 100% correct answers / A+1) Which one of the following items is not generally used in preparing a statement of cash flows?A.   Adjusted trial balanceB.   Comparative balance sheets C.   Additional information D.   Current income statement 2) One of Astro Company’s activity cost pools is machine setups, with […]