Which of the following problems will most likely occur with a system of flexible exchange rates?

A) macroeconomic instability as exports and imports fluctuate with the exchange rates
B) government favoritism toward selected importers of goods and services
C) the emergence of black markets for foreign currency
D) distortions in trade patterns away from the pattern suggested by comparative advantage

The account Supplies will appear in the following debit columns of the worksheet.

A) Trial balance
B) Adjusted trial balance
C) Balance sheet
D) All of these answer choices are correct

Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5 both are running out of beads to sell (they can't keep up with the quantity demanded at that price) , then we would expect both Camille's and Julia's to

A) raise their price and reduce their quantity supplied.
B) raise their price and increase their quantity supplied.
C) lower their price and reduce their quantity supplied.
D) lower their price and increase their quantity supplied.

Refer to Figure 4.4.3 above. When the price of pizza is $20, total expenditure and consumer surplus are, respectively:

A) $2000; $2000.
B) $1000; $2000.
C) $2000; $1000.
D) $1000; $1000.

Airco Company is tempted to consider support department costs to be facility-level costs that do not need to be applied to products. Which of the following explains what is misguided about this approach?

A) Product costs may be inaccurate because direct labor and direct materials are not correctly accounted for in the product costing system.
B) Product costs may be inaccurate because incorrect cost drivers are used.
C) Product costs may be inaccurate because support department services may be used more heavily by some products than others.
D) Product costs may be inaccurate because straight-line depreciation on factory equipment is treated as a general and administrative expense on the income statement.

Determine the due date and the amount of interest due at maturity on the following notes:

The cell conversion cost rate includes which of the following?

A) only factory overhead
B) only direct labor and direct materials
C) direct labor, direct materials, and factory overhead
D) only direct labor and factory overhead

When conveying negative news, you should always close on a ________ note.