Questions

Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.

In latest generation computers, the instructions are executed both sequencially and parallelly.

Capillaries Tiny blood vessels connecting arteries to veins. These blood vessels carry oxygen

and nutrients to individual cells. Capillaries are the smallest blood vessels in the body, and have

walls only one or two cells thick. (Their diameter is 5 to 10 micrometers, or 5 to 10 millionths of

a meter.)

Capillaries connect arterioles and venules, which are the smaller extensions of the larger arteries and veins.

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.