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Question: The Red Ranger Company recorded revenues of $45,000 and recaptured depreciation of $1200 for the year just ended. During the year, it incurred cash expenses of $23,500 and depreciation expenses of $11,575. It also sold real estate for a profit (income, not capital gain) of $40,000. Determine the federal taxes owed by Red Ranger.
Distinguish between bilateral and unilateral contracts and how each might apply to a printing company that is contracting with an equipment vendor.
The following two equations represent the demand and supply schedules of motorbikes for Country A. Suppose country A is large enough to affect the world price of motorbike and therefore it faces an upward-sloping supply curve from the rest of world (..
Describe the concept of derived demand. Discuss the link between derived demand and unemployment by providing an example from our economy.
What output should be produced? What will be the price? How much profit is made? If the firm can change plant size and move into the long run, what will be output and price?
if a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use social
Demand and supply analysis to make a range of market related decisions - examine and demonstrate why it might be necessary for government to intervene in the production of goods and services and in the distribution of income
How do firms in a Cournot duopoly behave differently from other kinds of competition? Why does this cause them to restrict output? Why doesn't it cause them to restrict output as much as a monopolist would?
State A requires a unitization contract before oil production begins from a field, while State B requires a contract only after production has begun.
A firm has two prodcuts and two customers. Customer 1 is willing to pay $9 for Product A and $4 for PRoduct B. Customer 2 is willing to pay $7 for Product A and $5 for Product B.
What caused the economic crisis? Was it mostly people who got loans with little credit?
Describe how to record business transactions using the accounting equation.
Discuss the pertinent economic theories associated with Adam Smith and the research question but? How would Adam Smith respond to modern-day claims that unequal distribution of wealth leads to social unrest?
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