Exams & Certification

Increasing marginal cost of production explains: the law of demand.the income effect.why the supply curve is upsloping.why the demand curve is downsloping. The correct answer and explanation is : The correct answer is “why the supply curve is upsloping.” Explanation: In economics, the concept of marginal cost (MC) refers to the additional cost incurred in […]

Embargoes, quotas, and standards are tools that countries use to reduce exports, to punish other countries, to restrict imports, to raise prices of domestic goods. The correct answer and explanation is : The correct answer is that embargoes, quotas, and standards are tools that countries use to restrict imports. Explanation: Embargoes, quotas, and standards are

The trial balance prepared after all adjustment entries have been journalized and posted is called the: A Post-closing trial balance B Unadjusted trial balance C General ledger D Adjusted trial balance The correct answer and explanation is : The correct answer is D) Adjusted trial balance. Explanation: A trial balance is a financial statement that

Roller Corp sells wagon wheels for $150.. The variable costs for each wheel are $85, while the total fixed costs are $60,000. The contribution margin for 500 wheels is: A) $75,000. B) $32,500. C) $42,500. D) $10,000. The correct answer and explanation is : To calculate the contribution margin for 500 wheels, we first need

Wiser Group sells a single product for $30 per unit.  The variable costs for each unit are $7.50, while the total fixed costs are $4,500. If a 10% sales commission is introduced what is the new Contribution Margin Ratio: A) 72.5%. B) 65%. C) 75% D) No Change The correct answer and explanation is :

The contribution margin ratio is computed by: A) dividing the variable cost per unit by the sales revenue per unit.. B) subtracting the variable cost per unit from the sales price per unit. C) dividing the sales revenue per unit by variable cost per unit. D) dividing contribution margin per unit by the sales price

The phrase “demand has increased” means that A there has been an upward movement along a demand curve. B a demand curve has shifted to the left. a demand curve has shifted to the right. C there has been a downward movement along a demand curve The correct answer and explanation is : The correct

The phrase “demand has increased” means a. The demand curve has shifted to the rightb. The demand curve has shifted to the leftc. There has been upward movement along the demand curved. There has been downward movement along the demand curve The correct answer and explanation is : The correct answer is: a. The demand

The adult weighs 75 kg. Calculate the adults weight in kilograms (kg) to pounds (lbs). Tip: Use the measurement conversion chart in your textbook. Be sure to show your work and round your final answer to 2 decimal places. The correct answer and explanation is : To convert the adult’s weight from kilograms (kg) to

What is the approximate yield to maturity (use equation 10-3) and the exact yield to maturity (use a calculator) for the following bonds? Assume these are bonds issued in the United States Option. a Option. 10 years to maturity, 6 percent coupon rate, current price is $950 Option. b Option. 16 years to maturity, 0