SOLUTION Explicit cost computation Items | GH¢ | Cost of products and services sold | 710‚000 | Selling expenses | 310‚000 | Administrative expenses | 90‚000 | Interest expense (bank loan) 90
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Americans have always had a strong disapproval of taxes‚ especially when they are the ones getting taxed. This was precisely the case during the Whiskey Rebellion occurring from 1791-1794. Farmers outraged by a new excise tax on whiskey protested and refused to pay. However the goal of the taxes was to help pay off a $54‚000‚000 national debt acquired during the Revolutionary War (Historical Spotlight). “Whiskey was a popular drink at the time‚ so such a tax could raise a lot of revenue”(Paul Krugamn
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8% and in 2013 it shrank by 0.7%. The 508‚520 tourist arrivals the country saw in 2013 was 11.2% below the level registered in 2007. While for a long time the country has operated a fixed exchange rate system at US$1 = BDS$2 some analysts have question the sustainability of its exchange rate. Its net international reserves have plummeted from US$718 million in 2010 to US$563 million at the end of 2013. Over the same period its debt to GDP ratio moved from 70.3% to 94%. This
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subscription for its continued existence. These notes are copyrighted by the University of California and are for your personal use only. LECTURE: ICLICKER QUESTIONS/ANSWERS: 1.) The Fed can reduce the money supply by reducing: the monetary base. 2.) The money supply would shrink by the greatest amount if the public increased their currency holding ratio and the banks increased their excess reserve ratio. 3.) If the Fed wanted to increase the money supply without using open market operations‚ it
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Suggested Answers for Tutorial 8 [Team B] Chapter 31 3. a. When an American art professor spends the summer touring museums in Europe‚ he spends money buying foreign goods and services‚ so U.S. exports are unchanged‚ imports increase‚ and net exports decrease. b. When students in Paris flock to see the latest movie from Hollywood‚ foreigners are buying a U.S. good‚ so U.S. exports rise‚ imports are unchanged‚ and net exports increase. c. When your uncle buys a new Volvo‚ an American is buying a
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Profits Katherine Carpenter Liberty University Econ 213 Gwartney states that profits are; “An excess of sales revenue relative to the opportunity cost of production. The cost component includes the opportunity cost of all resources‚ including those owned by the firm. Therefore‚ profit accrues only when the value of the good produced is greater than the value of the resources used for its production.” An example of a profit would be bakery offers a cheesecake for $20 and the total cost to make
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Name: Sazzad Hossain Id: 082 084 0 10 Eng 103.23 For QUIZ How to Prepare for a Job Interview You have just got your degree. You have applied for a fantastic job and are thrilled to get a letter inviting you to attend an interview. Once the euphoria has subsided you begin to feel a little nervous and delf-doubt begins to creep in. People worry that they may make fools of themselves or fall flat on their faces. The job interview is a hurdle that causes many people to panic. It ranks alongside
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Discussion Questions • During the 2010 Super Bowl® game‚ the Snickers™ candy bar campaign was voted the best ad among men and women 18 and older and youth 18 or younger. The ad featured a neighborhood football game in which one of the players‚ who has dwindling energy‚ is tackled again and again. His teammates tell him‚ “You play like Betty White!” The 80-year-old actress and comedian appears in the ad as the football player being tackled. If you were the owner of the ADBOWL® website‚ how would
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1) They would undertake a defensive open market sale. 18) Flexibility: Open market operations can be used to conduct a small purchase or sale of securities. Conversely‚ if the desired change in reserves or the base is very large‚ the open market operations tool is strong enough to do the job through a very large purchase or sale of securities Reversibility: Open market operations are easily reversed. If a mistake is made in conducting an open market operation‚ the Fed can immediately reverse
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Price - Elastic Products With the question as stated: When would you want to own a business that sells price-elastic products? I think that any time could be a good time to own a price-elastic business. Obviously‚ the most opportune time would be when the economy is in the state that it is in today. The best kind of business to be in would be a store like Wal-Mart. Because the fact that Wal-Mart can offer almost countless products for sale‚ the price point on any one product can cause a great
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