Principles of Microeconomics Spring 2010 1. Your cousin Vinnie owns a painting company with fixed costs of $200 and the schedule for variable costs as below. What is the efficient scale of the painting company? Quantity of Houses Painted per Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Variable Costs | $10 | $20 | $40 | $80 | $160 | $320 | $640 | 2. Your aunt is thinking about opening a hardware store. She estimates that it would cost $500‚000 per year to rent the location and buy the stock
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influenced all the aspects of the white Americans and African Americans’ life in the 18th century because it became the significant social and economic phenomenon in the history of the country (Dramaturgy Packet 2015‚ 17-18). In her play The Liquid Plain‚ Naomi Wallace discussed the idea of the transatlantic slave trade from the personal perspective of several characters in a vivid metaphorical language (Wallace 2013‚ 54). Thus‚ the concept of “vastness” of the transatlantic slave trade is accentuated
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elements and programs of graphic design. We are learning these skills and concepts for various reasons‚ but it all comes back to one thing: to sell. Whether it is selling a product or service‚ graphic design is used to promote it and create more sells. It is something repeatedly stated by Derek Murphy‚ author of Book Cover Design Secrets You Can Use to Sell More Books. In this book he discusses how the right design cover through his experience‚ simplicity over complexity‚ and use of stock images.
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Hartley - Rudelius Chapter 11 APPLYING MARKETING KNOWLEDGE 1 How would the price equation apply to the purchase price of (a) gasoline‚ (b) an airline ticket‚ and (c) a checking account? 2 Under what conditions would a camera manufacturer adopt a skimming price approach for a new product? A penetration approach? 3 What are some similarities and differences between skimming pricing‚ prestige pricing‚ and above-market pricing? 4 Touché Toiletries Inc. has developed an addition to its Lizardman
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CASH FLOW DIRECT/INDIRECT 1. Given the following information and using the indirect method prepare the Cash Flows from Operating Activities section of the statement of cash flows. End of Year Beginning of Year Change Cash 23‚500 37‚400 (13‚900) Accounts receivable (net)
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SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000 per year for quality inspection
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“Information Technology is changing the way companies operate.” Porter‚ et al. discussed the value of information and how its acquisition‚ processing‚ and transmission brought different dimensions of pricing and cost reduction for buyers and sellers around the world. Because information is valuable‚ diversity in strategies were employed to outperform one business from another. Incorporating IT is not just one way but the best stratagem‚ so far. IT integration offers wider possibilities
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Childhood poverty is a growing issue in America as more and more children are living below poverty line of $22‚050.00 a year for a family of four. Because of the recession we are in and dominant single parent families in the country‚ we have a rising rate of childhood poverty. Many times poverty leads to poor choices both in and out of school for these young kids‚ mainly because of the lack of accountability in the household. The main reasons that children of poverty turn to crime is a lack of parental
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Question 1 1. Mrs. Granberry is going to sell Christmas tree lights for $20 a box. The lights cost Marsha $5 a unit and any unsold lights can be returned for a full refund. She is planning to rent a booth at the upcoming Happy Holidays Convention‚ which offers three options: 1. paying a fixed fee of $1‚500‚ or 2. paying a $500 fee plus 10% of revenues made at the convention‚ or 3. paying 25% of revenues made at the convention.Which of the following statements is FALSE? Answer | | One
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ACC604 Final Exam Practice Questions – Series H 1. The Work in Process inventory account of a manufacturing company shows a balance of $18‚000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6‚000 and $3‚000 for materials‚ and charges of $4‚000 and $2‚000 for direct labor. From this information‚ it appears that the company is using a predetermined overhead rate‚ as a percentage of direct labor costs‚ of: A. 50% B. 200% C. 300% D. 20% 2
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