Many small boats are made of fiberglass and a resin derived from crude oil. Assuming a perfectly competitive market, if the price of oil falls, then a. Supply curve shifts downward causing a decrease in boat makers profit in short-run and long-run b. the typical firm's cost curves shift downward causing an increase in boat makers profit in short-run and an increase in number of boat makers in the long run c. the typical firm's cost curves shift downward causing a decrease in boat makers profit in short-run and a decrease in number of boat makers in the long run d. Supply curve shifts downward causing a decrease in boat makers profit in short-run and a decrease in the number of boats makers in the short run

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000