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Suppose the government increases taxes and government purchases equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Explain how your answer depends on the marginal propensity to consume.
Complete the monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2010.
If the costs per equivalent unit are $2.50 and $4.50 for direct material and conversion, respectively, what is the cost of ending inventory? What is the cost of abnormal loss? How is this cost treated in May
Prepare a computer credit memo that reduces the customer's account balance by the same amount
At the time of the sale, O’Monica’s adjusted basis was $50,000. Within two months of the sale, O’Monica moved into a new residence she purchased for $500,000. What is O’Monica’s basis in her new residence?
How would accept the order affect Maui Juda's operating income? In addition to the special order's effect, what other (long-term, qualitative) factors should Maui Juda's managers consider in deciding whether to accept the order?
Prepare the journal entry to record amortization expense for the first year. Show how this patent is reported on the balance sheet at the end of the first year.
Firm B produces gadgets. The price of gadgets is $2 each. Firm B has total fixed costs of $300,000 and variable costs of $1.40 per gadget. The corporate tax rate is 40%. What is the breakeven number of gadgets B must sell to make a zero after tax ..
liam corporation has a single product value whose selling price is $140 and whose variable cost is $60 per unit. the monthly fixed expense is $40,000. Solve for the unit sales that are required to earn a target profit of $6,000.
Discuss what changes you would expect the Wachovia Corporation leadership to make related to internal controls, accounting principles, or other initiatives as a result of the need to restate the financial statements.
25% is capital's share of income and labor's share of income is 75%, the stocks of both capital and labor increase by 50% and there is no technology growth, at what rate will potential output grow? Will the capital labor ratio increase at all?
What is break-even point in units for the company? What is the dollar sales volume the firm must achieve in order to reach the break-even point?
4) Comment on the degree to which the statement of revenues, expenditures and other changes in fund balance captures the district's cost of services. How can you validate such a financial statement
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