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Questions in business

[Done] Which of the following is an example of an opportunity cost? A. lower future investment earnings as a result of purchases B. interest earned on a savings account C. the cost of a needed car repair D. salary or wages earned on a part-time job

[Done] What is the net (take-home) pay for an individual with expenses shown who has a gross income of $64,000? Tax Table | Expenses | Amount Taxed | | :------------------ | :----------- | | FICA | $4,690.00 | | State Income Tax | $1,860.00 | | Federal Income Tax | $6,300.00 | | Medical Insurance | $1,000.00 |

[Done] Using the LIFO method and the information in this image, what is the Cost of Goods Sold in December? A. $95,000 B. $165,000 C. $222,000 D. $38,000

[Done] Factors of production that cannot be varied A. building B. capital C. variable factors D. fixed factors

[Done] According to the Federal Housing Administration (FHA), what is the maximum percentage of a person's monthly income that should be spent on housing expenses? A) 35% B) 21% C) 31% D) 25%

[Done] What is the basis of the Loci method of memorisation? a) Observance b) Disassociating c) Recognition d) Association

[Done] Factors of production that can be varied. A. building B. capital C. variable factors D. fixed factors

[Done] SoBe nutritional beverages uses twin lizards on every bottle of its products and in all of its promotion efforts. It even has its own Team Lizard made up of skateboarders, mountain bike riders, and in-line skaters that it sponsors. The lizard is used to remind consumers of the product and its benefits. To which of the four Ps does this represent? Select one: A. Promotion B. Price C. Publicity D. Place E. Product

[Done] What is the recommended range of cooking temperatures used for deep frying? A. 135°C-150°C B. 155°C-170°C C. 175°C-190°C D. 195°C-210°C

[Done] Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $102 per watch. Suzie uses a FIFO perpetual inventory system to account for inventory. a. Record any necessary adjusting entry on December 31, 2028, related to this information, assuming Suzie uses a FIFO perpetual inventory system to account for inventory. b. For what amount would MU inventory be reported in the December 31, 2028, balance sheet? c. Prepare an updated gross profit section of a partial income statement accounting for this additional information.