Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,460 per month plus $49 per boat. For the month of April, the company planned for activity of 58 boats, but the actual level of activity was 18 boats. The actual cleaning equipment and supplies for the month was $3,470.The cleaning equipment and supplies in the flexible budget for April would be closest to:

A) $3,342
B) $5,302
C) $3,470
D) $1,645

Suppose that the garden gnome industry was in long-run equilibrium as described in Problem 1.On January 1, 1993, the cost of plaster and labor remained at $7 per gnome, gnome molds still cost $1,000, and the interest rate remained at 10%, but the government introduced a tax of $7 on every garden gnome sold.Then the equilibrium price of garden gnomes in 1993 would be

A) $16.
B) $9.20.
C) $7.
D) $14.
E) $21.

Harsh penalties exist for violators of the Sarbanes-Oxley Act (SOX) – sentences up to 25 years in prison with severe fines.

The data given below are from the accounting records of the Kuhn Corporation: Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:

A) $55,000
B) $58,000
C) $50,000
D) $60,000

Which statement is TRUE?

A) Profit-maximizing behavior occurs only in perfectly competitive markets.
B) Additional units of a good should be produced as long as MR < MC.
C) The profit-maximizing solution occurs where MR = MC.
D) The profit-maximizing solution occurs where MR > MC.

(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.At the equilibrium price and quantity,total consumer surplus is:

A) $10.
B) $8.
C) $6.
D) $0.

The process of people actively working together to accomplish common goals is referred to as ___.

A) teamwork
B) team diversification
C) free-riding
D) team building
E) groupthink