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(a) Explain the difference between equilibrium, surplus and shortage. What makes surplus and shortage inefficient?
(b) Explain in detail. How and why do we return to equilibrium in each of these cases?
(c) Explain the difference between price floors and price ceilings. Use graphs to help support your answer. Why would we use floors and ceilings? What purpose could they serve?
(d) Explain the difference between consumer surplus, producer surplus, and dead weight loss and identify them on the graphs you used in question
(e) List all the factors that cause the supply curve to shift. Explain what each factor is and provide a real world example of each one. List all the factors cause the demand curve to shift. Explain each factor. Explain what each factor is and provide a real world example of each one.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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