Reference no: EM131102647
PART I: SHORT RESPONSE
Directions: Please provide detailed and elaborate responses to the following questions. Your responses should be a minimum of 1 to 2 paragraphs and should include examples from the reading assignments or personal experience, if possible.
1. Would you consider becoming a payday lender? List the reason why you would and why you would not.
2. As a ?nancial of?cer of a large corporation, you ?nd that the company has been underpaying the Internal Revenue Service by tens of millions of dollars a year. As a whistle blower, you will probably receive a payment of $10 million within a few years. If a large investor offers to pay you a substantial amount of money today in exchange for your future award from the IRS, what would be the minimum amount for which you would settle? Explain how you arrived at that ?gure.
3. Are prices high because rents are high, or are rents high because prices are high? Use an example to illustrate your answer.
4. What are usury laws? Why do economists hate them?
5. Explain why a dollar today is worth more than a dollar you will have in the future.
6. Why is the supply of loanable funds upward sloping? Why is the demand for loanable funds downward sloping?
7. Outline the main theories of pro?ts. Which one(s) do you subscribe to?
PART II: JOURNAL ACTIVITY
Web Field Trip
Directions: Please visit the following website:
• CNN Money
Then answer the question below. Please provide detailed and elaborate responses and ensure that your responses are a minimum of 100 words each and include examples from the reading assignments or personal experience, if possible.
1. Which were the ?ve most pro?table corporations in 2011, and how much pro?t did each of them earn?
Directions: Please provide detailed and elaborate descriptions for each of the following terms and concepts. Your responses should be a minimum of 1 to 2 paragraphs and should include examples from the reading assignments or personal experience, if possible.
1. Land
2. Economic rent
3. Law of Supply
4. Law of demand
5. Capital
6. Interest
7. Interest rates
8. Price ceiling
9. Price floor
10. Innovation
11. Surplus value
12. Profit.
Find the breakeven point for labor hours per day
: A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $75,000 and have a $20,000 market (salvage) value at the end of its five-year life. A new system with..
|
A retired worker receives social security payment
: Which of the following are counted in this year's GDP? Explain your answer in each case. a). Flashy Car Company sold a used car. b). Juanita Jones cooked meals for her family. A retired worker receives a Social Security payment.
|
Mastering the skills of academic writing
: So far in our course, we have discussed academic writing in-depth, and with this unit, you have written (or are currently writing) your first essay. How do you feel about your progress? Do you feel that you are mastering the skills of academic wri..
|
Write a memo to the president of the united states
: Imagine you are Secretary of Health and Human Service for the United States. Write a memo to the President of the United States urging him to offer more services to address the needs of the mentally ill.
|
What are usury laws and why do economists hate them
: What are usury laws? Why do economists hate them? Explain why a dollar today is worth more than a dollar you will have in the future. Why is the supply of loanable funds upward sloping? Why is the demand for loanable funds downward sloping?
|
What arguments can be raised against the politicization
: What arguments can be raised against the "politicization" of accounting rule-making? (CMA adapted)
|
Develop a website with adobe dreamweaver
: Can anyone help me develop a website with Adobe Dreamweaver? It will be based on the Elias Group from the University of Phoenix Virtual organization site. I need help with the template and multiple pages. I can do the designing and add information..
|
Fed action in times of recession flows through the economy
: Greg Mankiw wrote in 2007 on the eve of the global financial crisis, "Congress made its most important contribution to taming the business cycle back in 1913, when it created the federal reserve system. Today, the Fed remains the first line of defens..
|
What is dozier''s terminal or horizon value
: What is Dozier's terminal, or horizon, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) What is the current value of operations for Dozier? Suppose Dozier has $10 million in marketable securities, $100 mi..
|