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Your corporation Income Statement for 2017 has cost of goods sold of $5,225. The Balance Sheet for 2017 has inventory of $1,885. What is the inventory turnover for 2017? Please show your ratio and calculations in the space provided.
During 2015, Kent, a 40-year-old taxpayer, reports the following items of income and expense: Assuming all of these items are deductible and that the amounts are before any limitations, what is Kent's taxable income for the year?
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
Consider two economies, A and B. Both economies have the same population, supply of fiat money, and endowments. In each economy, the number of young people born in each period is constant at N, and the supply of fiat money is constant at M. Will ther..
Find the relationship between marginal costs and benefits at this level. In general what assumptions are implicit in such an analysis?
You may be aware that there are three types of profit: accounting profit, economic profit, and normal profit. The difference between the total revenue and the sum of the explicit and implicit costs of an organization results in economic profit. It is..
If the supply curve shifts to the right what happens to the equilibrium point (ceteris paribus)? If the supply curve shifts to the right, what does the resulting equilibrium point show us in terms of market price and the amount produced (ceteris pari..
Suppose as a manager of a profitable department store you are con-fronted with a pricing problem. You have two types of customers: a high-end type that are willing to pay a price of $25 for a pair of Levis jeans
Using the Classical Full-Employment Model, demonstrate via the three diagram setup (labor market, product market & capital market) the impact of: A refugee problem vis-à-vis the EU—European citizens, terrorized by the utter incompetence of their gove..
Three college students are considering operating a tutoring business in economics. This business would require that they give up their current jobs at the student recreation center, which pay $6,000 per year. A fully equipped facility can be leased a..
Many manufacturers of clothing and other consumer goods open stores in outlet malls where they charge much lower prices than they charge in their own stores located within cities. Outlet malls are typically located a considerable distance from major ..
LCD TVs and ?Blu-ray players are complements in consumption. Suppose the price of LCD TVs falls. How will this affect the market for? Blu-ray players?
When the price of an inferior good declines, does the substitution effect tend to increase or decrease the quantity purchased of that good? Explain and show graphically.
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