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The extract from Sen's book, Development as Freedom, touches on many of the ideas discussed in the lecture. One additional ‘failure' of profit maximising markets mentioned by Sen is their inability to supply ‘public goods', goods or services that are highly valued insociety but will not be supplied by private firms.Task for students. Once you have read the extract by Sen, attempt the review and discussion questions 1-3 and 5 (ignore 4) on p.165, and be prepared to discuss your answers with your colleaguesin your tutorial.
Finished goods inventory at the end of last December was 200 units. Ending finished goods inventory is equal to 25 percent of the next month's sales. Jasper Company expects to sell the brackets for $45 each. How many brackets should Jasper produce..
Prepare an income statement for the year ended December 31,2009. Assume that 11,000 shares of stock are outstanding.
What are the advantages of loan agreements that contain covenants tied to accounting numbers? Are there any disadvantages? Please explain.
hal attended school much of 2013 during which time he was supported by his parents. hal married ruth in december 2013.
Moran corporation has these accounts at December 31:common stock,$10 par, 5000 shares issued,$50,000;paid in capital in excess of par value $18,000, retained earning $42,000, and treasury stock-common, 500 share,$12,000. Prepare the stock holders ..
Compute the amount of Coaches and Carriages' net income (or loss) for 2009 assuming that no dividends were paid and the owners made no additional contributions during the year.
Prepare an income statement in the contribution margin format. For simplicity, assume that the Jindal began and ended the year with zero inventories of any kind.
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
What initial promotional plan directed to consumers in the target market did Callaway use? (b) Why did this make sense to Callaway and her team when Warm Delights was launched?
Olmsted Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Olmsted Company report as stockholders' equity?
Show the journal entries in 2006. (Please be reminded the year-end for ABC Corporate is Dec 31, adjusting is required)
using the statement on auditing standard as your source list one standard you think relates directly to gathering audit
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