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Discussion topic 2: Commercial Damages
As the textbook authors point out, calculating commercial damages takes creative analysis as well as a step-by-step scientific approach. Each situation will be different.
What are the major categories of commercial damages?
Research one category and discuss what accounting records you would need to gather in order to perform the damage calculation.
Discuss the different approaches to damage calculations.
What calculation approach would you take in your example?
An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged.
Draw the Cost effectiveness Frontier - What concept can you attribute this change in treatment choice before and after insurance? Explain.
You pay $500,000 for a house and the land that it is on. The land is valued at $195,000 and the house is valued at $305,000. You decide to demolish the house ($20,000 demolition cost) and build a go-cart track at a cost of $750,000. What is the cost ..
Many U.S.? cities, especially those with large populations of? renters, have rent controls. Suppose that San Francisco sets a rent control of $400 per month on? one-bedroom apartments. The graph on the right shows this situation.
Assume a bank faces a required reserve ratio of 5 percent. If a bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
What is the expected cost of producing the 1000th unit if the cost of producing the first was $850 and the expected learning rate is 90%?
Discuss why the monopolist chooses a level of output that creates deadweight loss, and whether the level of output is equilibrium. Include an illustration of your numerical example, and refer to it throughout your discussion.
Producer surplus is the...
Some people who believe monetary policymakers should not address equity and property price bubbles, argue their position based on:
Further you know that there is a 35% chance for a strong economy and a 50% chance for average growth. What is the expected return on this investment?
Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?
You are the manager of a firm that sells a “commodity” in a market that resembles perfect competition, and your cost function is C(Q) = 2Q + 3Q2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain t..
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