NSS Exploring Economics 3 (Second Edition) Consolidation Worksheets Chapter 16 Competition and efficiency Test yourself 16.1 Refer to the following table. Quantity (units) MB ($) MC ($) 1 13 1 2 11 2 3 8 3 4 4 4 5 0 5 Calculate the value of the deadweight loss for each of the following output levels. Based on your result‚ determine which of them is inefficient. a. 2 units b. 4 units c. 5 units Answers: a. Deadweight loss = (______ of 3rd unit – ______ of
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Kehinde Wiley was born in 1977 in Los Angeles‚ California. His father is Yoruba from Nigeria‚ and his mother is African-American. His mother supported his love for art since a early age and enrolled him in art after school art classes. When Kehinde was 12 he spent a little time in at an art school in Russia. Kehinde did not grow up with his father‚ at the age of 20 he traveled to Nigeria to explore his roots and meet him. Kehinde earned his BFA from the San Francisco Art Institute in 1999 and his
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The Plus Point of Malaysia 1. Culture Malaysia has a multi-ethnic‚ multicultural‚ and multilingual society. The original culture of the area stemmed from indigenous tribes that inhabited it‚ along with the Malays who later moved there. Substantial influence exists from Chinese and Indian culture‚ dating back to when foreign trade began. Other cultural influences include the Persian‚ Arabic‚ and British cultures. Due to the structure of the government‚ coupled with the social contract theory‚
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reaching out to almost the entire world population with more than 250 brands in 130 countries. The product we have chosen is "Pert Plus"‚ which is according to P&G is in its declining stage. We made our hypothesis as per to the information provided by the company. In order to gather information; first we found out the causes of decline and consumer behavior towards "Pert Plus". After that we collected primary and secondary data‚ through various sources of information. Then we made the research design
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ACCT 2300 Final Exam Review Sheet 1. Chapter 1 a. Types of businesses b. Purpose of accounting & Primary users of information c. Purpose of Financial Statements d. Conceptual Framework 2. Chapter 2 a. Objectives of Financial Reporting b. Financial Statements – Know how to calculate each and all the parts in them b.i. Income Statement – Single and Multi-Step Net Sales - COGS Gross Profit Operating Expenses: - General and Administrative Expenses - Selling Expenses
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Categorize the accounting tasks performed by Urlacher as relating to either the identification (I)‚ recording (R)‚ or communication (C) aspects of accounting. E1-2 (a) The following are users of financial statements. ___I___Customers __I___Securities and Exchange Commission ___C__Internal Revenue Service __C__Store manager ___I___Labor unions __R__Suppliers ___C__Marketing manager __C_ Vice-president
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------------------------------------------------- ACCT 201 ------------------------------------------------- ------------------------------------------------- Chapter 1 Solutions The Financial Statements ------------------------------------------------- Short Exercises (5 min.) S 1-1 Computed amounts in boxes | | | | | | | | Total Assets | = | Total Liabilities | + | Stockholders’ Equity | | | | | | | a. | $340‚000 | = | $130‚000 |
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CASE STUDY 3 - Cash Budget SCHEDULE OF EXPECTED CASH COLLECTIONS FROM CUSTOMERS: Credit Sales May June April (94‚000 * 0.70) = 65‚800 65‚800 May (89‚500 * 0.30) = 26‚850‚ June (89‚500 * 0.70) = 62‚650 26‚850 62‚650 June (75‚000 * 0.30) = 22‚500 22‚500 Total Cash Collections 92‚650 85‚150 SCHEDULE FOR EXPECTED PAYMENTS FOR PURCHASE OF INVENTORY Inventory purchases May June April (195‚000
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Costing Costing Direct materials $ 40‚000 $ 40‚000 Direct manufacturing labor costs 30‚000 30‚000 Manufacturing overhead costs $30‚000 1.90; $30‚000 1.80 57‚000 54‚000 Total manufacturing costs of Job 626 $127‚000 $124‚000 3. = = $1‚450‚000 1.80 = $2‚610‚000 = – = $2‚755‚000 $2‚610‚000 = $145‚000 There is no under- or overallocated overhead under actual costing because overhead is allocated under actual costing by multiplying actual manufacturing
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any application‚ Facebook broadcasted a message saying that someone was playing a specific game. This message was broadcasted without the user’s authorization. STRENGTHS It has a strong Brand name .Google is the number one search engine. Google plus supports asymmetric relationships. It allows users to be part of some communities without the necessity of becoming friends. The user interface offers better privacy features. It also includes real data import and export tools. The interface is neat
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