Werner brothers, inc., used the high-low method to derive its cost formula for electrical power cost. according to the cost formula, the variable cost per unit of activity is $2 per machine-hour. total electrical power cost at the high level of activity was $9,400 and at the low level of activity was $9,000. if the high level of activity was 2,200 machine hours, then the low level of activity was:

a. 1,800 machine hours

b. 1,900 machine hours

c. 2,000 machine hours

d.1,700 machine hours

Assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of $1 million per restaurant. it outfits each restaurant with an additional $200,000 of equipment and furnishings. to partially defray the cost of this expansion, bbq issues and sells 200,000 shares of stock at $30 per share. what is the amount of economic investment that ahs resulted from bbq's actions? how much purely financial investment took place?

Partnerships are the most common type of business firms in the world. t/f

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false