Question 1. List the two things that GDP measures. How can GDP measures two things at once? GDP measures the total economy income and total output of goods and services. The reason why GDP measures two things at once is that the output of goods and services and total income‚ quantitatively‚ are the same. For instance‚ every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GDP deflator? Consumer
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YOU MUST SHOW ALL WORK!!!!!!!!!!! Ch. 7 Exercise #11 ABC & D Kareem Construction Company has the following amounts of interest-bearing debt and common equity capital: FINANCING SOURCE DOLLAR AMOUNT INTEREST RATE COST OF CAPITAL ----------------------------------------------------------------------------------------------------------------------------------- Short-term Loan $200‚000
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Q2: Problem 3 (Chapter 1 Appendix) on textbook pp. 34 (10%) Victor Fuchs (1996) lists the following questions in an article in The Wall Street Journal. Identify whether the following questions involve positive or normative analysis. All the questions deal with a Republican plan to reform Medicare‚ the public health insurance program for the elderly. A. How many Medicare beneficiaries will switch to managed care? B. How much should the younger generation be taxed to pay for the elderly? C. Should
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Taking the Plunge: New Luxury Ventures Saras Sarasvathy‚ 2009‚ University of Virginia Darden School Foundation Thomas Blanc (UIN: 124006650) If you were David‚ what would you do and why? I can’t deny David’s got several characteristics of an entrepreneur: he has determination‚ opportunity obsession‚ creativity. He has the ability to identify and take advantage of a succession of opportunities in its environment: by reading the book “Trading up” he identified a demand for new luxury goods; by
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1. (TCO 7) The financial budgets include the: (Points : 4) cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. 2. (TCO 7) The starting point in preparing a master budget is the preparation of the: (Points : 4) production budget. sales budget. purchasing budget. personnel budget. 3. (TCO 7) The production budget shows
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Pioneer Advertising Agency | Worksheet | as at 31 October 2010 | | Before adjusted trial balance | Adjustments | Adjusted trial balance | Account | Debit | Credit | Debit | Credit | Debit | Credit | Cash | 15200 | | | | 15200 | | Account Receivable | | | 650 | | 650 | | Advertising Supplies | 2500 | | | 400 | 2500 | 400 | Prepaid Insurance | 600 | | | 200 | 600 | 200 | Office Equipment | 5000 | | | | 5000 | 0 | Accumulated Depreciation | | |
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BUAD 219 written assignment 4 1. How relevant are the concepts of competencies to the jobs in a chicken-processing plant? The concepts of competencies in a chicken processing plant are probably basic‚ one must be able to perform a task‚ understand the language to be able to do the task properly‚ and to understand and meet the basics standards set by the company. 2. What information sources would be of most significance regarding jobs in a chicken-processing plant? Considering the many
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E1-5 Cougar’s Accounting Services provides low – cost tax advice and preparation to those with financial need. At the end of the current period‚ the company reports the following amounts: Asset – 19000; Liabilities – 15000; Revenues – 28000; Expenses = 33000 Required: 1. Calculate net loss. 2. Calculate stockholders’ equity at the end of the period. Net loss *Revenues – Expenses = (5000) Stockholders * Assets – Liabilities = 4000 E1-6 Cash 5400 Salaries expense 2200 Accounts payable 3400
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Jayda Smiley What is a student leader’s most important role? The most important role for a student leader is that they have to be a good listener who is open to new ideas. I don’t think students want a leader whose demand does not pay attention do they. You want a smart leader who listens and has good ideas. know students don’t want a leader who’s not going to pay attention‚and I know that they certainly don’t want a leader who doesn’t have any ideas. Everybody wants a good leader who listens
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Information Technology: 2. The most likely disadvantage for an entity that keeps data files prepared by personal computers rather than manually prepared files: C. It is usually easier for unauthorized persons to access and alter the files 4. Which of the following represents an internal control weakness in a computer-based system? A. Computer operators have access to the instructions and the authority to change programs 6. Which of the following is most suitable for an expert system? C.
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