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Larry is owed money in two bankruptcies, X and Y. He is owed £28,500 as an unsecured creditor in bankruptcy X that pays £0.29 in the pound to unsecured creditors. He is also owed £40,000 in bankruptcy Y, as the sole secured creditor. The total assets of Y, after winding up expenses, realized £36,000.
Calculate how much he receives in total
Compute the amount of profit (ignoring exchange rate fees) that will be earned and the percentage return achieved.
Macroeconomic analysis deals with the crucial issue of government involvement in the operation of "free market economy." The Keynesian model suggests that it is the responsibility of the government to help to stabilize the economy. Stabilization poli..
We cut down trees and sell the timber for $8000. The timber is sawn up into lumber that sells for $18,000. The lumber is used to build furniture that sells to consumers for $30,000.Which of the following unemployed workers would be an example of ..
Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's television shows, effectively reducing the quantity
Why is the public not outraged with corporations who could endanger an entire city through practices that may create environmental disasters, as they are with people who use physical force against others in personal crimes
A company in the US develops and patents a technique to produce low cost computer chips: Which account is impacted by this.
Describe three ways we can use macroeconomic analysis, with one original example for each way
Why would cash transfers typically be preferred by recipients over in-kind transfers? Why would cash transfers typically be preferred by recipients over in-kind transfers?
Suppose further that people want to hold 8 percent of their deposits in the form of cash. Then, if the Fed wants the money supply to be $6,228 billion, what is the necessary level of high-powered money?
Suppose that interest parity does not hold exactly, but that the true relationship is R = R* + (Ee - E)/E + r, where r is a term measuring the differential riskiness of domestic versus foreign deposits. Suppose a permanent rise in domestic governm..
Why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers? Is your money safe in a bank? Why or why not?
In Europe, it was decided that farm subsidies would be paid to farmers who protect the environment as well as producing food. What would this mean for farmers who receive the subsidy?
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