Chapter 6‚ Problem 1 1. Assume Yn =11‚600‚ t=0.2 and G=2610 (a) Compute the amount of taxes at natural real GDP The amount of taxes at the natural real GDP is .2 x 11600=2320 (b) Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP. Because based on the information in the question and answer to part A: 2320‚ we see that taxes(money coming in) is less than government
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Finance and Business Finance With the gradual progress of society & civilization and the development of science and technology‚ the scope of trade and commerce has also increased. Hence‚ the product-market has to cope with diverse competitions. To make profit in this competition‚ a businessman has to utilize his capital efficiently through proper planning so that the cost of production or selling could be kept minimum. Hence‚ a business firm can maximize its profit. For that purpose‚ every business
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goodwill Cr 12 In relation to Jericho‚ reduce goodwill by $25 and allocate the remaining $175 impairment loss to applicable assets: Carrying Proportion Allocation Net Carrying Amount of Excess Amount Plant 850 85/109 136 714 Patent 240 24/109 39 201 1 090 175 As the patent has a fair value less costs to sell of $220‚ only $20 of the impairment loss can be allocated to it‚ so the plant must be reduced by a further $19‚ to $695. At 31 December 2010‚ the plant and patent are recorded
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Introduction Advertising is used to promote goods‚ services‚ images‚ and anything else that advertisers want to publicize. It is becoming a major part of mass media. At times we may view it positively‚ at other times we may just neglect or ignore it. In order to attract audiences‚ advertisers use various techniques on their advertisements to make people aware of the firm ’s products‚ services or brands. Although the methods used by advertisers are infinitely‚ they have a common goal to persuade
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CHEM 2213 Lab 25 Title: The Detection of Fats‚ Proteins‚ and Carbohydrate in Foods Purpose: The purpose of this lab is to perform several general tests which help in identifying fats‚ protein‚ and carbohydrates in food. Procedure: Part A- Tests for Detecting Carbohydrates In this part you will conduct the molisch‚ benedict‚ and iodine tests. Purple in the molisch test indicates a positive test. Benedicts test will result in a brick red/brown color for a positive test. For the iodine tests
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CHAPTER 4: ACCOUNTING FOR GOVERNMENTAL OPERATING ACTIVITIES ( ILLUSTRATIVE TRANSACTIONS AND FINANCIAL STATEMENTS Solutions to Exercises and Problems 4-2. 1. a. 6. a. 2. c. 7. c. 3. d. 8. c. 4. b. 9. b. 5. d. 10. b. Ch. 4‚ Solutions (Cont’d) 4-3. a. Calculation of Estimated Required Tax Anticipation Financing Estimated Expenditure Requirements: Budgeted expenditures‚ remainder of FY 2011 $2‚470‚000 Current liabilities
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Chapter 17 Homework CA 17-1) Situation 1- Since the Fair value is lower than the cost your T-account is as follows. Unrealized holding G&L – Income $4200 So the journal entry would look like Unrealized holding G&L –income statement $4200 Fair Value adjustment (trading) $4200 Situation 2- When this change is made for the measurement basis: Security transferred at fair value at the date of transfer‚ which is the new cost basis of the security
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CHAPTER 17 PROCESS COSTING 17-16 (25 min.) Equivalent units‚ zero beginning inventory. 1. Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost
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Chapter 12 Corporate Valuation and Financial Planning ANSWERS TO END-OF-CHAPTER QUESTIONS 12-1 a. The operating plan provides detailed implementation guidance designed to accomplish corporate objectives. It details who is responsible for what particular function‚ and when specific tasks are to be accomplished. The financial plan details the financial aspects of the corporation’s operating plan. b. Spontaneous liabilities are the first source of expansion capital as these accounts increase
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Chapter 7 Homework Solutions Q7-1 Absorption and variable costing differ in how they handle fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is expensed on the current period’s income statement. Q7-2 Selling and administrative expenses are treated as period costs under both variable costing and absorption
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