ACTIVITY 2.4 Q1 (A number of alternative solutions are possible) a) 1. Collected amount due from a customer (increase cash‚ decrease receivables). 2. Purchased land for cash (increase land and decrease cash). b) Paid amount due a creditor (decrease cash‚ decrease accounts payable). c) 1. Owner withdrew cash (decrease cash‚ decrease owner’s capital). 2. Paid rent (decrease cash‚ decrease owner’s capital). 3. Reflected supplies expense (decrease supplies on hand‚ decrease owner’s capital). d) Borrowed
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products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product‚ should you go ahead and do so? What is the most that you should pay to complete the development? Chapter 2 Homework 4. An economy consists of three workers: Larry‚ Moe‚ and Curly. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour‚ Larry can either mow one lawn or wash one car; Moe can either mow one lawn
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3.1 I would like to make the example as China economy in order to analyze how the structure of an economy has changed in the 21st century. To a variety of industries around the world is divided into three categories: primary industry‚ secondary industry and tertiary industry. Primary industry refers to the provision of production industries‚ including forestry‚ farming‚ aquaculture‚ animal husbandry and other natural objects as objects directly in the production sector. The second refers to industrial
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Robert Nutter Watford Grammar School for Girls October 2013 How does quantitative easing affect the exchange rate? Although A level specifications have not changed for some years the introduction of quantitative easing (QE) programmes by central banks such as the Bank of England and the Federal Reserve in the US has meant that A level students have had to become familiar with it as an instrument of monetary policy. With short term interest rates almost at zero and banks still very
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Market Equilibrium Process Katie Le ECO/561 August 31‚ 2014 Professor Kate Stowe Market Equilibration Process Equilibrium can be defined as a state where the demand and supply balance one another and that in result stable the prices. The current economic situation causes a state of disequilibrium in housing industry. Because of the economic condition‚ people are losing their jobs or they are not receiving enough pay so it becomes difficult for the people to purchase
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t No longer is the term ‘Corporate Social Responsibility’ a novel idea amongst businesses. A 2011 sustainability study by MIT showed that sustainability‚ in the US at least‚ now plays a permanent part in 70% of corporate agendas. Organisations such as Unilever haven’t simply been championing sustainable business as a form of corporate philanthropy. Since implementing their Sustainable Living Plan‚ they have increased growth and profits. Quite simply‚ doing good is good for business. How have Unilever
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Two main vulnerabilities of the diamond industry: price of diamond linked to supply and value diamond linked to belief that they are rare and therefore special‚ and thus suitable token of sentiment. DeBeers exercised monopoly power by effectively controlling production and distribution of diamonds‚ thus controlling supply and ability to control pricing. When the market started to shift as other sources of diamonds were discovered‚ DeBeers still held an advantaged position as they had sole control
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首先，成為政務主任是我的夢想職業。經過十二年的免費教育及享受政府的福利，成為公務員是我回饋社會的最佳辦法，我亦視貢獻社會為抱負。 我對服務社會的熱誠由爸爸的工作開始。他是一個服務社會三十多年的警務人員，從孩提開始我已十分敬佩他打擊罪案及維持治安的工作。見證他對社會的貢獻，我希望從政策方面，改變社會。正正因為政策對社會民生有重大影響，我更期盼能用自己的力量令香港更美好。 透過此實習計劃，我希望體驗政務主任的工作，亦會嘗試探討各種社會現象及問題，例如貧富懸殊、房屋問題及政制改變。平衡不同持分者的利益，我希望提出可行的解決辦法。 在工作中，我期望自己能同時學習及付出。透過應用對時事的知識，我希望從政策制訂者的角度分析，明白他們面對的困難，同時協助政務官的工作。 To begin with‚ starting my career as an Administrative Officer has long been my aspired career path. I consider working in the government as a way of contributing
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[Q#2020] If buyers’ value for bicycles increase‚ the demand for bicycles will ______.a. Increase [Q#2053] A supply shortage in the market for lettuce will _______ the equlibrium price of lettuce. a. Increase [Q#2057] At any moment the equilibrium price in the market for tablet computers will be determined by ________ . c. Buyers and the sellers of tablet computers [Q#2059] The equilibrium price is also known as c. the market-clearing price. [Q#4021] Along a demand curve with a constant slope
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# Econ 20B Lecture 22 1 The Quantity of output supplied = natural rate of output + a (actual price level expected price level) Shortrun AS curve might shift 1. Changes in labor‚ capital‚ natural resources‚ technology 2. Expected price level increases‚ AS curve shifts left 3. Causes of economic fluctuations: a. Assumption: i. Economic begins in longrun equilibrium
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