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What are two methods of recording accounts receivable transactions when a cash discount situation is involved?
Which is more theoretically correct? Which is used in practice more of the time? Why?
The marginal revenue product is:
Locate an academic article published within the last 3 years that addresses some aspect of contracts. Why is the author writing about the subject? What is the thesis of the article? What are the key points/facts presented in the article? What are the..
Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U-shaped, long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Find the long-run equilibrium in this market and determine the consume..
Consider the two-period consumption model of borrowing and saving. Suppose Claire has an income of m1 today and m2 a year from now and can borrow and lend at the interest rate r. She chooses consumption levels c1 and c2 given her well-behaved prefere..
Suppose the current price of wheat is $1.00 per bushel, and the price elasticity of demand for wheat is known to be 0.50. A bad harvest causes the supply of wheat to decrease, and as a result, the price of wheat rises by 20%. What will be the percent..
Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
During the financial and economic crisis in 2007-2008, the US federal government tried to stimulate the economy introducing a fiscal stimulus package, worth of $800 billion. While some people were supporting higher government expenditures, others wer..
A 10% increase in the slice of pizza causes a 10% drop in quantity of both pizza and beer. Describe elasticities and the nature of the two products
he R. J. Jones Company is a publisher of cowboy novels - novels about the great western experience, where men were men, horses were horses also well, you get the idea.
Ramon Rodriquez has just signed a $6 million contract. The contract calls for a payment of $1.2 million today, $1.5 million one year from now, $1.5 million two years from now, and $1.8 million three years from today. What is this contract really wort..
how much more money will Edward repay compared with what Jorge owes (moral:you want a high FICO score)? Assume monthly compounding of interest.
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