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Birds Unlimited has a 45-day accounts payable period. The firm has expected quarterly sales of $1293, $1862, $2481, and $3378 over the next calendar year. The cost of goods sold for a quarter is equal to 59% of the next quarter sales. Assume that a year has 360 days.
What is the amount of the projected cash disbursements for accounts payable for Quarter 2 of the next year? (Round answer to 0 decimal places, do not round intermediate calculations)
Consider a perfectly competitive firm that is currently producing a quantity of one hundred units. At this level of output, suppose its marginal cost is $60 and its average total cost is $60. Given a market price of $60, for this representative firm ..
You want a real rate of return of 5%, and you estimate inflation will average 6% per year. Should you buy the annuity?
a) What is a recession? b) Why does real GDP have limitations in determining economic welfare?
Buster Posey of the San Francisco Giants had the highest batting average in the 2012 Major League Baseball season. His average was .477. So assume the probability of getting a hit is .477 for each time he batted. In a particular game, assume he batte..
As far as I can tell, research on the economics of poverty is very empirically driven, and this is probably appropriate. What kind of economic theory has been developed though? I'd also be interested in theory of some influence too. As an example, I ..
The firm’s constant marginal cost of production is, c = 50. The firm may charge an access fee and per unit price (that the consumers can choose not to pay). What are the profit maximizing access fee and price?
Recently the government imposed a new requirement that gasoline contain 10% ethanol; the ethanol is made from corn. This new government ethanol mandate has affected the market for cereal made from corn (such as corn flakes and Captain Crunch).
Illustrate what type of economic flow would be illustrated by the purchase of a Mexican candy-making factory by a U.S. corporation.
How is perfect competition similar and different from monopolistic competition? What is the primary difference between perfection competition and monopolistic competition? By this I mean the difference that causes the rest of the differences? How are..
What is a political system? Are certain political systems, like democracies, essential for sustained economic progress? What do you think? Please provide at least one citation/reference to support your argument
Suppose that both wheat and corn have an income elasticity of 0.2. a. If the average income in the economy increases by 2 percent each year, by what percentage does the quantity demanded of wheat increase each year, holding all other factors constant..
There are five flights daily from Pittsburgh via US Airways into the Bradford, Pennsylvania, and Regional Airport. Suppose the probability that any flight arrives late is 0.20, the probability that none of the flights are late today is [a].
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