Three of the most common tools of financial analysis include horizontal analysis,vertical analysis,and ratio analysis.

The amount of the advertising cost that should be allocated to Grinding for the current period is:

A) $16,250.
B) $45,000.
C) $23,750.
D) $325,000.
E) $54,250.

(Figure: The Restaurant Market) Use Figure: The Restaurant Market.The figure shows curves facing a typical restaurant.Assume that many firms,differentiated products,and easy entry and exit characterize the restaurant market.If the restaurant shown here were to raise its price above the profit-maximizing price,its total revenue would:

A) decrease.
B) increase.
C) not change.
D) Not enough information is given to answer the question.

The following information is available for Brendon Company before closing the accounts.What will be the amount in the Income Summary account that should be closed to Retained earnings?

A) $80,000.
B) $64,400.
C) $43,000.
D) $32,400.
E) $42,400.

What is the standard of proof used in a civil action?

Gross national income consists of GDP

A) minus net consumer spending.
B) plus government spending on international trade.
C) minus purchasing power parity.
D) plus the net income earned from investments abroad.
E) plus gross domestic international investment.

Did Paolo have any legal liability to AAA Computers?

A) Yes, because he made the purchase from AAA Computers without mention of Joe.
B) Yes, but only because office equipment is involved.
C) No, because his status was as an agent regardless of whether AAA Computers was aware of that fact.
D) Yes, but only if Joe refused to pay.
E) Yes, but only if Joe were declared judicially insolvent.