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
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
An analyst prepared reformulated balance sheets for the yeas 2007 and 2006 as follows (in millions of dollars)
An analyst prepared reformulated balance sheets for the yeas 2007 and 2006 as follows (in millions of dollars) : ________________________2007_________________2006_______ Operating assets $640 $590 Financial assets $250 $110
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 ________________
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
Define: a- Transfer payments, and b- Explain why they are not included in the government purchases part of the GDP accounts
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
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.
See attached. thanks
BurnU Appliances has sales of $10,000,0, net income of $450,000, total assets of $4,000,000, and stockholders equity of $2,000,000. P71
1. BurnU Appliances has sales of $10,000,0, net income of $450,000, total assets of $4,000,000, and stockholders equity of $2,000,000. P71 a. What is the profit margin? b. What is the return on assets? c. What is the return on equity? Please show work
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
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:
Please see the attached file.
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
You are planning to save some money. Out of your yearly income you will deposit a fixed amount (you can use any percent 4%, 5%, 6% or 8% of your salary) per semester at a nominal rate of 8% per year compounded each 6 months during 5 years. After the fifth year, the interest rate will change to 6% per year compounded each 6 months. You will withdraw the money 10 years after the first deposit. How much will be withdrawn? For example, if my income is $50,000 per year and I choose a 5%, I will be depositing $2,500 per semester during the first 5 years at 8% and from year 6 until year 10 at a nominal rate of 6% per year. Notice that the interest rate is a nominal rate compounded per semester (twice a year).
You are planning to save some money. Out of your yearly income you will deposit a fixed amount (you can use any percent 4%, 5%, 6% or 8% of your salary) per semester at a nominal rate of 8% per year compounded each 6 months during 5 years. After the fifth year, the interest rate will change to 6% per year compounded each 6 mont
Suppose that Jim goes to work at age 25, earns an average $40,000 a year for 40 years. He inherits $320,000 when he starts working. He expects to live to be 75. (A) Calculate on average how much Jim consumes per year, the ratio of his annual consumption to annual income, and his annual savings rate. (B) Suppose now that Ji
Suppose that Harvey can borrow or save money at the same rate of interest and is exempt from any income tax considerations.
In three or four sentences, explain whether each of the following statements is True, False or Uncertain. No points will be given for an undefended answer. Illustrate your answer with a properly labeled diagram where appropriate.
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
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
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 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
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
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,
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
True or False: The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488.
Could someone please help with the following true/false question. I am lost on how to figure it out. Thanks so much:) Q: The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488.
The Optimal Scam Company would like to see its sales grow at 20 percent for the foreseeable future. Its financial statements for the current year are presented below. Income Statement ($ millions) Balance Sheet ($ millions) Sales 32.00 Current assets 16 Costs 28.97 Fixed assets 16 Gross profit 3.03
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
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
________________________________________ 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