profit on his funds. He also estimates that he and his family could earn a total annual wage of $90 000 if they worked somewhere other than the store. a. Calculate the total explicit costs and total implicit costs of running the variety store. b. What is the accounting profit of the variety store? c. What is the economic profit? d. In what way is economic profit superior to accounting profit as an indicator of the overall performance of this business? Given the advantages of economic
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Chapter 5: The Sale of Goods and Consumer Protection Law Exercises True or False? 1. Leases are governed by the Sale of Goods Act. (F) 2. Fitness for intended purpose is an implied condition under the Sale of Goods Act. (T) 3. Specific performance is a remedy available in special circumstances only. (T) 4. Unpaid sellers have no statutory remedies. (F) 5. The Consumer Protection Act‚ 2002 requires that ambiguous contract terms be construed in favour of the consumer. (T) 6. The Consumer
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Amina Naamani UNIT 2 P7 Introduction: In this piece of coursework‚ I will be illustrating the financial state of a given business Current ratio= current assets / current liabilities = 180 / 100 =1.8 In personal finance‚ current assets are all assets that a person can readily convert to cash to pay outstanding debts and cover liabilities without having to sell fixed assets. Current assets divided by the current liabilities = the current ration
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Unit 1 Problem Set 1 26. Surgery Versus Splints A study compared surgery and splinting for subjects suffering from carpal tunnel syndrome. It was found that among 73 patients treated with surgery‚ there was a 92% success rate. Among 83 patients treated with splints‚ there was a 72% success rate. Calculations using those results showed that if there really is no difference in success rates between surgery and splints‚ then there is about 1 chance in 1000 of getting success rates like the ones obtained
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Governments relax restrictions on foreign investment 2) Corporations disseminate more information to investors 3) More new investors choose to invest in individual stocks on their own rather than invest in mutual funds 4) More stock transactions are conducted online than on the floor of an exchange b) Which of the following would BEST achieve diversification? 1) Investing in 10 securities of companies in the same industry in Canada 2) Investing in 10 securities of companies in the same industry
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Chapter 3: Tort Law Exercises True or False? 1. The standard of proof for tort actions is on a balance of probabilities. (T) 2. Many actions that were originally torts have become offences under provincial statutes. (T) 3. To prove that a defendant has committed a tort‚ a plaintiff must establish that the defendant’s actions were the sole cause of the harm. (F) 4. A fiduciary duty is an enhanced duty of care that flows from a relationship of special trust. (T) 5. The burden of proving a
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EXERCISE 7 Respiratory System Mechanics O B J E C T I V E S 1. To explain how the respiratory and circulatory systems work together to enable gas exchange among the lungs‚ blood‚ and body tissues 2. To define respiration‚ ventilation‚ alveoli‚ diaphragm‚ inspiration‚ expiration‚ and partial pressure 3. To explain the differences between tidal volume‚ inspiratory reserve volume‚ expiratory reserve volume‚ vital capacity‚ residual volume‚ total lung capacity‚ forced vital capacity‚ forced expiratory
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C: 2-8 What items are considered to be property for purposes of Sec. 351(a)? What items are not considered to be property? Items that are considered property include all types of property‚ such as cash‚ accounts receivable‚ inventories‚ patents‚ installment obligations‚ equipment‚ and buildings. Services‚ certain debt of the corporation‚ and certain accrued interest on debt are not treated as property. C: 2-43 Liabilities in Excess of Basis. Barbara transfers $10‚000 cash and machinery having
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ACC 491 Week 3 Team Study Guide Ch. 6 & 7 Textbook Exercises www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-3-team-assignment-ch-6-7-textbook-exercises-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: This tutorial includes 6 pages of solutions. A+++ WORK! Resources: Ch. 6 & 7 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare
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UNIT 6. BUILDING TECHNOLOGY IN CONSTRUCTION MR. BARTON P7- Explain the implications of environmental issues and legislative constraints on building construction Today’s Designers‚ Architects and Constructors have a duty of care to strive to produce energy efficient and energy saving buildings. Where possible the sustainability of resources / materials and techniques must be a primary concern in the decision making process. Environmental issues in relation to construction Heavyweight
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