Every ________ can be considered to have a corresponding flow of foreign money associated with it, and this flow of foreign money is recorded as a ________

A) credit transaction
B) current account transaction
C) debit transaction
D) capital account transaction

Answer: B

Business

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If an industrial firm uses the units-of-production method for computing depreciation on its only plant asset, factory machinery, the credit to accumulated depreciation from period to period during the life of the firm will

a. be constant b. vary with unit sales c. vary with sales revenue d. vary with production

Business

The price of a Wendy's Bacon Cheeseburger is $.99, the same as it was five years ago. Had the price of this sandwich increased at the same 3% annual rate as U.S. consumer prices did over the last five years, what would its price be today?

A) $1.15 B) $1.02 C) $1.12 D) $1.22 E) $ .84

Business