Tom tunes pianos in his spare time for extra income. buyers of his service are willing to pay $155 per tuning. one particular week, tom is willing to tune the first piano for $120, the second piano for $125, the third piano for $140, and the fourth piano for $160. assume tom is rational in deciding how many pianos to tune. his producer surplus is
a. $95.
b. $80.
c. $75.
d. $60.
Answers: 2
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Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
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The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
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Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.
Answers: 3
Tom tunes pianos in his spare time for extra income. buyers of his service are willing to pay $155 p...
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