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Problem 1: Sharp & Smart are as firm of accountants. The two partners work 50 weeks per year doing 40 chargeable hours each per week. Their charge out rate to clients is $200 per hour (excluding GST). Next year the charge out rate will be increased to $220 per hour. The firm currently has a 30% market share and this is expected to grow to 40% next year. The current total quantity of hours worked by both partners is:
Select one:
a. 4,400 hours
b. 4,000 hours
c. 2,000 hours
d. 1,200 hours
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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