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Income Distribution


1.In perfect competition, which is the case? a. A firm can influence the price of the good b. there are many sellers c. there are restrictions to entry d. all firms sell a slightly different product 2.A firm should continue to produce as long as its a. average total revenue exceeds its average total cost b. average

Government expenses

Please help answer the following problem. Assume the following open economy C = 300 + 0.80(Y - 125) I = 150 G = 250 X =115 M = 125+.05Y a. Determine (solve for) the equilibrium level of income or GDP (Y). b. Determine the impact on income of a 50 increase in government spending from 250 to 300. c. U

Please provide reformulated balance sheet and income statement

1-) Please provide reformulated balance sheet and income statement... a) The following numbers were extracted from a balance sheet (in million) : __________________________________________________ Operating assets $547 Financial Assets $145 Total Liabilities $322 ________________

Contribution Format Income Statement

See problem attached. Income Statement: Total Per Unit Sales (7,900 units) $207,770 $26.3 Variable expenses 138,250 17.5 Contribution margin 69,520 $8.8 Fixed expenses 54,300 Net operating income $15,220 Prepare a new contribution format income statement under each of the following conditions (consider each ca

Transfer Payments

Define: a- Transfer payments, and b- Explain why they are not included in the government purchases part of the GDP accounts

About markets and Institutions

Why is a system of well-defined and enforceable property rights crucial when a country is converting to a market-based system of resource allocation? Can someone please explain this to me. Thank You.


1. Do you think exceptionally high pay to CEO's is economically justified? Why or Why not?. 2. A. Should a nation's income be distributed to its members according to their contributions to the members' needs? Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the dis

Somalia: Anarchy Breeds Piracy

Why and how are the Pirates pirating? (Economic) Explain what is behind the reason for this piracy. Mostly an economic need to take on the risk of pirating as jobs is not present in Somalia? I need some general notes and a direction to build on.

Control mechanisms

I need to Examine the positive and negative reactions to the use of the following control mechanisms in American Express. 1- Balance sheet 2- Return on Investment 3- Revenue Growth 4- Liquidity Report In 300 words If you used an electronic source, include the URL. If you used a printed source please attach a copy of

Diluted EPS

Please see the attached file.: EPS COMPUTATION OF BASIC AND DILUTED EPS Edmund Halvor of the controller's office of East Aurora Corporation was given the assignment of determining the basic and diluted earnings per share values for the eyar ending december 31, 2007. Halvor has compiled the information listed below:

GDP (Gross Domestic Product) and its components

Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1980 and 2005: A) Personal consumption expenditures B) Gross private domestic investment C) Government purchases D) Net exports E) National defense purchases F) State and Local Purchases G) Imports To find dat

Let commodity 1 be bottled water, measured in gallons.

15. Let commodity 1 be bottled water, measured in gallons. Commodity 2 denotes plain tap water, also measured in gallons. A. Samantha places no premium on commodity 1; that is, she regards a unit of the first good as no different?not better and not worse?than a unit of the second good. Draw a typical indifference curve for Sa

Income effects and substitution effects

After Iraq invaded Kuwait, gasoline prices rose dramatically--up to 50%. There were many effectrs of the increased price of gasoline. Explain the following effects in terms of the income effect, substitution effect, or both effects: a. people drove less and purchased less gas b. people ate out less often c. people had mo

ABC Inc., rents equipment to customers ranging from

I am having problems with the numbers adding up correctly. Please see attached. Thanks, ABC Inc., rents equipment to customers ranging from homeowners to large construction companies. The financial information shown below was gathered from its accounting records for 2006. Assume any increase or

A summary of the operations of XYZ Inc. for the year

A summary of the operations of XYZ Inc. for the year ended May 31, 2006, is shown below. Advertising expense . . . . . . . . . $ 2,760 Supplies expense . . . . . . . . . . . 37,820 Rent expense . . . . . . . . . . . . . 1,500 Salaries expense . . . . . . . . . . . 18,150 Miscellaneous expense . . . . . . . 4,1

Correcting Balance Sheet

I have been asked to correct the balance sheet; however, I do not understand what I am to do. Please assist. Correct the following balance sheet. Balance Sheet December 31, 2006 Assets Liabilities and Owners' Equity Cash .............$ 55,000 Buildings . . . . . . .. .$325,000

Permabilt Corp

Commmon and preferred stock-issuances and dividends. Permabilt Corp. was incorporated on January 1, 2003, and issued the following stock, for cash: 1,200,000 shares of no-par common stock were authorized; 350,000 shares were issued on January 1, 2003, at $23 per share. 400,000 shares of $100 par value, 10.5% cumulative,

From the following data, prepare a classified balance sheet for Simon Company

Balance Sheet Preparation From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006. Accounts payable . . . . . . . . . . . . . . . . . . $ 62,500 Accounts receivable . . . . . . . . . . . . . . . . . 123,000 Buildings . . . . . . . . . . . . . . . . . . . . . . 418,500 Owners' equi

Income Statement and Balance Sheets - Optimal Scam Company

The Optimal Scam Company would like to see its sales grow at 20 percent for the foreseeable future. Its financial statements for the current year are presented below. Income Statement ($ millions) Balance Sheet ($ millions) Sales 32.00 Current assets 16 Costs 28.97 Fixed assets 16 Gross profit 3.03

Choosing between shares/investments

Consider two equally risky shares, Hi and Lo. Hi shares pay a generous dividend and offer low expected capital gains. Lo shares pay low dividends and offer high expected capital gains. Which of the following investors would prefer the Lo shares? Which would prefer the Hi shares? Which wouldn't care? Explain. Assume that any stoc

Finance Assignment

1. The Sally Corporation's income statement is given below. Sally Corporation Sales.......................................$250,000 Cost of Goods Sold....................... 145,000 Gross Profit.................................105,000 Fixed Charges (other than interest)...... 25,000 Income before interest and

Financial Statements

________________________________________ Practice 2-14 Expanded Accounting Equation p. 60 For the following four cases, use the expanded accounting equation to compute the missing quantity. ________________________________________ Exercise 2-6 Balance Sheet Preparation p. 63 From the following data, prepare a