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AP Econ Quiz 6 ~ Supply & S/D Name: ____________________________

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1. A supply schedule shows

|a. |the "market potential" for a product. |d. |how much consumers would like to buy at different prices. |

|b. |how much producers are willing and able to sell at different prices. |e. |All of the above are correct. |

|c. |possible combinations of output under different conditions. |

2. If price rises, what happens to quantity supplied for a product?

|a. |It increases. |c. |It does not change. |

|b. |It decreases. |d. |Quantity supplied is constant, but supply increases. |

3. Along a supply curve,

|a. |supply changes as price changes. |c. |supply changes as technology changes. |

|b. |quantity supplied changes as price changes. |d. |quantity supplied changes as technology changes. |

4. If new manufacturers enter the gadget industry, then which of the following will most likely happen with gadgets?

|a. |the supply will increase |c. |the quantity supplied will increase |

|b. |the supply will decrease |d. |the quantity supplied will decrease |

5. An increase in the price of metal raw materials will result in which of the following in the supply of new cars?

|a. |Quantity supplied will increase |d. |Supply will decrease |

|b. |Quantity supplied will decrease |e. |Uncertain - economic theory makes no prediction |

|c.…...

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...ACCT505 Practice Quiz #1 1. For which of the following businesses would the job order cost system be appropriate? a. Auto repair shop. b. Crude Oil refinery. c. Drug Manufacturer. d. Root beer producer. 2. Which of the following companies would most likely use job costing? a. Paper manufacturer. b. Paint Producer. c. Breakfast cereal maker. d. Advertising agency. 3. An equivalent unit of conversion costs is equal to the amount of conversion costs required to: a. Start a unit. b. Start and complete a unit. c. Transfer a unit in. d. Transfer a unit out. 4. Job 655 was recently completed. The following data has been recorded on its job cost sheet: Direct materials $ 78,000 Direct labor costs 45,000 Number of units completed 4,000 The company applies manufacturing overhead on the basis of direct labor costs. The predetermined overhead rate is 75% of direct labor costs. Required: Compute the unit product cost that would appear on the job cost sheet for this job: 5. Prepare the necessary journal entries from the following information for Kingston Company: a. Purchased raw materials on account, $ 45,000. b. Raw materials requisitioned for use in production. Direct Materials $ 23,000; Indirect materials, $ 12,000. c.......

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...Week 6 quiz |Question: |(TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In | | |this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 | | |people in the community are under the age of 16. The unemployment rate is: | | | | |Your Answer: |Unemployment rate = unemployed/labor force x 100 (80/800) x 100 = 10% Unemplyment rate = 10% | |Instructor |The unemployment rate is calculated by dividing the number of unemployed by the labor force. The labor force is | |Explanation: |calculated by subtracting three things from the population (# under 16, # of institutionalized adults, and # not| | |looking for work). In this example, you are given the size of the labor force (800), and you are also told that | | |720 are employed. Therefore, 80 are unemployed, and the unemployment rate is simply 80/800 or 10%. | | | | | | ...

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...ACCT505 Practice Quiz #2 Student: ___________________________________________________________________________ 1. Return on investment (ROI) can be decomposed into the asset turnover and the A. gross margin ratio. B. profit margin ratio. C. operating margin ratio. D. contribution margin ratio. 2. How will decreases in the following items affect return on investment (ROI)? [pic] A. a B. b C. c D. d 3. The CJP Company produces 10,000 units of item S10 annually at a total cost of $190,000. [pic] The XYZ Company has offered to supply 10,000 units of S10 per year for $18 per unit. If CJP accepts the offer, $4 per unit of the fixed overhead would be saved. In addition, some of CJP's facilities could be rented to a third party for $15,000 per year. What are the relevant costs for the "make" alternative? A. $160,000 B. $165,000 C. $175,000 D. $185,000 4. The following information is available about the Winter Division of Washburn Company. Washburn requires a return of 9% from all divisions. [pic] Required: [Take all calculations to 4 decimal places] a. Compute the ROI for the Winter Division. b. Compute the residual income for the Winter Division. 5. Bayside Wholesaling has the following data for its three divisions for the year: [pic] Required: a. Compute divisional operating income for each of the divisions. Assume taxes are 30%. b. Calculate the gross margin ratio for each......

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...ECON 545 Week 6 Quiz Purchase here http://chosecourses.com/ECON%20545/econ-545-week-6-quiz Product Description Question: (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is: 2. Question: (TCO F) Suppose nominal GDP in 2005 was $14 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 103. Between 2005 and 2006 real GDP rose by what percent? 3. Question: (TCO F) The consumer price index was 185.2 in January of 2004, and it was 190.7 in January of 2005. Therefore, the rate of inflation in 2004 was about: 4. (TCO E) (10 points) As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe? What happens to the price of European goods in the U.S.? (10 points) Why would a country (for example, China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the United States? (Points : 20) 4. Question: (TCO E) (5 points) As the Mexican Peso depreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Mexico? What happens to the price of......

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...ECON 545 Week 6 Quiz Purchase here http://devrycourse.com/econ-545-week-6-quiz Product Description Question: (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is: 2. Question: (TCO F) Suppose nominal GDP in 2005 was $14 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 103. Between 2005 and 2006 real GDP rose by what percent? 3. Question: (TCO F) The consumer price index was 185.2 in January of 2004, and it was 190.7 in January of 2005. Therefore, the rate of inflation in 2004 was about: 4. (TCO E) (10 points) As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe? What happens to the price of European goods in the U.S.? (10 points) Why would a country (for example, China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the United States? (Points : 20) 4. Question: (TCO E) (5 points) As the Mexican Peso depreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Mexico? What happens to the price of Mexican goods in......

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...ECON 545 WEEK 6 QUIZ To purchase this visit following link: http://www.activitymode.com/product/econ-545-week-6-quiz/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECON 545 WEEK 6 QUIZ ECON 545 Week 6 Quiz Question: (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is: 2. Question: (TCO F) Suppose nominal GDP in 2005 was $14 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 103. Between 2005 and 2006 real GDP rose by what percent? 3. Question: (TCO F) The consumer price index was 185.2 in January of 2004, and it was 190.7 in January of 2005. Therefore, the rate of inflation in 2004 was about: 4. (TCO E) (10 points) As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe? What happens to the price of European goods in the U.S.? (10 points) Why would a country (for example, China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the United States? (Points : 20) 4. Question: (TCO E) (5 points) As the Mexican Peso depreciates in value relative to the U.S. dollar,...

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...ECON 545 Week 6 Quiz Click Link Below To Buy: http://hwcampus.com/shop/econ-545-week-6-quiz/ 1) (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is ______. 2) (TCO F) Suppose nominal GDP in 2005 was $12 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 102. Between 2005 and 2006, real GDP rose by what percent? 3) (TCO F) The consumer price index was 190.7 in January of 2005, and it was 198.3 in January of 2006. Therefore, the rate of inflation in 2005 was about ______. 4) (TCO E) (10 points) As the U.S. dollar appreciates in value relative to the Japanese Yen, what happens to the price of U.S. goods in Japan? What happens to the price of Japanese goods in the U.S.? (10 points) Why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the U.S.? 5) TCO E) Suppose the Canadian dollar (C$) price of one British pound is C$2.12. A hotel room in London costs 120 pounds, while a similar hotel room in Toronto costs C$250. In which city is the hotel room cheaper, and by how much? 6) ......

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...FINC600 Week 2 Practice Quiz Click Link Below To Buy: http://hwcampus.com/shop/finc600-week-2-practice-quiz/ Corporate Finance Week 2 Practice Quiz Question 1 of 15 If the Wall Street Journal Quotation for a company has the following values close: 55.14; Net chg: = + 1.04; then the closing price for the stock for the previous trading day was? A. $56.18 B. $54.10 C. $55.66 D. None of the above. Feedback: Previous closing = today's closing net chg. = 55.14 - 1.04 = $54.10 Question 2 of 15 The value of a common stock today depends on: A. Number of shares outstanding and the number of shareholders B. The expected future dividends and the discount rate C. the Wall Street analysts Question 3 of 15 Company X has a P/E ratio of 10 and a stock price of $50 per share. Calculate earnings per share of the company. A. $6 per share B. $10 per share C. $0.20 per share D. $5 per share Question 4 of 15 Which of the following stocks is/are a growth stock(s)? A. Unilever B. Cummins, Inc C. Starbucks D. All of the above are growth stocks Question 5 of 15 Universal Air is a no growth firm and has two million shares outstanding. It is expected to earn a constant 20 million per year on its assets. If all earnings are paid out as dividends and the cost of capital is 10%, calculate the current price per share for the stock. A. $200 B. $150 C. $100 D.......

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...ECON 545 Week 6 Quiz Click Link Below To Buy: http://hwcampus.com/shop/econ-545-week-6-quiz/ 1) (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is ______. 2) (TCO F) Suppose nominal GDP in 2005 was $12 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 102. Between 2005 and 2006, real GDP rose by what percent? 3) (TCO F) The consumer price index was 190.7 in January of 2005, and it was 198.3 in January of 2006. Therefore, the rate of inflation in 2005 was about ______. 4) (TCO E) (10 points) As the U.S. dollar appreciates in value relative to the Japanese Yen, what happens to the price of U.S. goods in Japan? What happens to the price of Japanese goods in the U.S.? (10 points) Why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the U.S.? 5) TCO E) Suppose the Canadian dollar (C$) price of one British pound is C$2.12. A hotel room in London costs 120 pounds, while a similar hotel room in Toronto costs C$250. In which city is the hotel room cheaper, and by how much? 6) ......

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...FINC600 Week 6 Practice Quiz Click Link Below To Buy: http://hwcampus.com/shop/finc600-week-6-practice-quiz/ Corporate Finance Week 6 Practice Quiz Question 1 of 15 1.0/ 1.0 Points If the capital markets are efficient, then the sale or purchase of any security at the prevailing market price is: A.Always a positive NPV transaction B.Generally a zero NPV transaction C.Is always a negative NPV transaction D.None of the above Question 2 of 15 1.0/ 1.0 Points Generally, a firm is able to find positive NPV opportunities with: I) Financing decisions II) Capital investment decisions III) Short-term borrowing decisions A.I only B.I and III only C.III only D.II only Question 3 of 15 1.0/ 1.0 Points Stock price cycles or patterns self-destruct as soon as investors recognize them through: A.stock market regulation by the Securities and Exchange Commission (SEC) B.price fixing by the specialists on New York Stock Exchange C.trading by the investors D.none of the above Question 4 of 15 1.0/ 1.0 Points Which of the following is a statement of semi-strong form efficiency? I) If the markets are efficient in the semi-strong form then prices will adjust immediately to public information II) If the markets are efficient in the semi-strong form then prices reflect all information III) If the markets are efficient in the semi-strong form then......

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...ECON 545 Week 6 Quiz Click Link Below To Buy: http://hwcampus.com/shop/econ-545-week-6-quiz/ 1) (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is ______. 2) (TCO F) Suppose nominal GDP in 2005 was $12 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 102. Between 2005 and 2006, real GDP rose by what percent? 3) (TCO F) The consumer price index was 190.7 in January of 2005, and it was 198.3 in January of 2006. Therefore, the rate of inflation in 2005 was about ______. 4) (TCO E) (10 points) As the U.S. dollar appreciates in value relative to the Japanese Yen, what happens to the price of U.S. goods in Japan? What happens to the price of Japanese goods in the U.S.? (10 points) Why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the U.S.? 5) TCO E) Suppose the Canadian dollar (C$) price of one British pound is C$2.12. A hotel room in London costs 120 pounds, while a similar hotel room in Toronto costs C$250. In which city is the hotel room cheaper, and by how much? 6) ......

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