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A house painting business had revenues of $17,600 and expenses of $10,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
Accounts receivable: Beginning $2,800; End $6,100;
Accounts payable: Beginning1,020; End 460;
Calculate net cash flow for the business for this period.
Net cash flow: $______________
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
Cost are represented by the equation C=10L+4K. Draw one isoquant and one isocost curve on a labour/capital frontier that show the cost-minimizing L and K required to produce Q=10. Label axes, curves, intercepts, and the cost-minimizing amounts of lab..
Because inflation has risen, the Armani clothing company decides to issue a new catalog monthly rather than quarterly. Grandpa buys an annuity for 100,000 from an insurance company which promises to pay him 10,000 a year for the rest of his life. Aft..
Explain the impact of each of the following events on the market for union labor. Union-produced TV and radio commercials convince consumers to buy domestically manufactured clothing instead of imported clothing.
Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages paid to the few workers he employs at the dairy and the grain he feeds to..
A competitive, unregulated market would. Utility is the. Externalities
Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,500 at the end of its 10-year life. Annual operating costs are $1,250. The machine will perform satisfactorily for the next seven years. what is the differenc..
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat.
1. what does gross domestic product gdp tell us? how did gdp change from 2008? what caused these changes? what is real
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
Porter’s five forces of competition are as follows. Give an example of an industry where profitability is low (besides the airline industry). Apply the 5 forces to your chosen industry and demonstrate how those forces can lower profitability.
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