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Louis received a hot tip from a friend about Fine Mine Ltd. He borrowed $10,000 from the bank on April 1, 2018 by signing a 90 day note payable and bought 1,000 common shares in the company for $10 each. His friend was right about the company and on June 30, 2018 Louis sold his shares for $15 each, repaid the bank the total amount owing of $10,148 and pocketed the difference. As a result, Louis taxable income for 2018 increased by:
A. 2352
B. 2426
C. 2500
D. 4852
E. None of the Above
In this chapter, we learned that the characteristics of services are intangibility, perishability, variability, and inseparability. Explain each of these characteristics in your own words and how they create challenges for marketing services.
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale?
Consider a low wage labor market. Workers in this market are not presently covered by the minimum wage, but the government is considering implementing such legislation. If implemented, this law would require employers in the market to pay workers a $..
ydney buys a bag of cookies that contains 5 chocolate chip cookies, 6 peanut butter cookies, 9 sugar cookies and 6 oatmeal cookies.
A woman passionate about eradicating malaria in developing countries. What would you like to eradicate/improve in the developing world?
Good drivers have a 20% chance, and bad drivers have a 50% chance, of getting into an accident. A car is worth $900, and an accident would reduce its value to $400. Both types of drivers have utility U = (car value)0.5. What is a bad driver's expe..
What are definitions for Social Democracy, Communism, Mercantilism, Institution, Informal Institution, Formal Institution?
Suppose the equilibrium price of a gallon of milk is? $4. If the government imposes a price floor of? $5 per gallon of? milk, the. A price floor is
A country will likely experience an increase in poverty if
Rewarding insights, LLC. current annual profits are $20,000. If they anticipated a 2% growth rate in profits and a long-term interest rate of 3%, estimate the value of the firm.
Why do firms in a monopolistically competitive industry advertise? Research a firm you feel would be in monopolistic competition and explain their advertising scheme in a short summary. Be sure and cite your reference.
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