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Q1. Kieso Company borrowed $710,000 on a 120-day note at 14 percent interest. The money was borrowed for 45 days in 2011 and 75 days in 2012; the note and interest were to be paid upon maturity in 2012. Explain how more interest expense, if any, would be reported in 2011 and in 2012?
Q2. Give an example of an industry with an oligopolistic structure. Illustrate what are the firms in this industry? Illustrate what criteria are you using to classify this industry as an example of oligopoly? Has this industry experienced price wars? If so explain why? If not, why not?
Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation.
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
Describe the Schumpeterian notion of "creative destruction"
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
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