Based on Reilly's law, a city with a population of 40,000 would draw people from how many times the distance as a city with 10,000 population?
a. 1.5 times
b. 2 times
c. 3 times
d. 4 times
b
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You work for an accounting firm, and your supervisor is interested in learning more about the proposed tax reforms in your state. You are asked to write a short report that provides your supervisor with information and data on the proposed tax reforms and how they will affect the processes your firm has in place. You will have to consult several sources to gather this information. What type of short informational report have you been asked to write?
A summary An investigative report A progress report
Market demand allowed Acme Corp. to raise its price by 20 percent to $60. What is the new level of break-even revenues if fixed charges including depreciation are $1 million and variable costs were 70 percent of the old price?
A) $2,400,000 B) $2,000,000 C) $3,333,333 D) $2,857,143