The trading of a corporation's shares on the secondary market has no impact on the corporation's financial position.

If demand for a product is elastic,the value of the price elasticity coefficient is:

A) zero.
B) greater than one.
C) equal to one.
D) less than one.

Domestic firms developing a global entry strategy might consider franchising. Before deciding on franchising as a strategy however, firms must understand the disadvantages. What is a disadvantage of franchising?

A) the franchisor has limited control over the market operations in the foreign country
B) the franchisee must sign a non-compete agreement
C) there are higher tariffs associated with franchise operations
D) franchising is the riskiest way to enter a foreign market
E) franchises are not responsible for the quality of products produced

If a table lamp requires 2 hours of fabrication and 1 hour of assembly, the amount of factory overhead that Kaumajet Factory will allocate to each unit of table lamp using the multiple production department factory overhead rate method with an allocation base of direct labor hours is

A) $6.33
B) $4.91
C) $5.00
D) $7.20

In the long run, a competitive market with 1,000 identical firms will experience an equilibrium price equal to the minimum of each firm's average total cost.

Journalize the entries to record the following transactions:
1.Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
2.Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
3.Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.