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Brenda’s Bar and Grill has total assets of $16.0 million, of which $10.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda’s gross plant and equipment has a book value of $15.0 million and other long-term assets have a book value of $300,000. What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill’s balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.) Inventory $ m Depreciation $ m
While Theodore Roosevelt called his 1912 campaign platform the "New Nationalism," Woodrow Wilson called his campaign platform the "New Freedom." Explain why they chose these titles and how they capture the differences between their solutions for the ..
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. find the profits for each of the firms when one of the..
The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $29,000 per year. The store is located on prime real estate in a college town. What is the o..
United States and other industrial economies have gone through periods of fluctuations in real GDP, employment, and the price level. Given the current trend of these metrics in the US, how will you describe the stage of the US economy in business cyc..
Two university graduates, Bill and Steve, worked for an advertising agency at an annual salary of $40,000 each for 3 years after they graduated. Then, they decided to quit their jobs and start a partnership that designs and builds Web sites. What is ..
The Gauss-Markov theorem states that OLS estimates are BLUE. List what word each letter in the acronym BLUE stands for. Then, give an intuitive definition for each of these words ?
full employment is without a doubt the ultimate goal of every nation however in spite of the failures of controlled
The production function. Y=K^5 (AN)^.5 , where both the population and the pool of labor are growing by rate n=.07, the capital stock is depreciating at a rate of d= .03, and A is normalized to 1. What are the capitals and labor's shares of income? W..
q.use demand and supply curves feel free to use graphical depictions but it is not required to help you determine the
A normally distributed variable has a mean of 100 and a standard deviation of 10. The tolerance interval that captures 90 percent of all the measurements around the mean goes from where to where?
Each firm in a competitive market has a cost function of C=16+q^2, so its marginal cost function is MC=2q. The market demand function is Q=24-p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms.
Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one avoid obvious examples like gender, race, etc.).
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