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If prices are rising and a company’s inventory levels are unchanged, the use of fifo rather than lifo for inventory valuation will tend to result in the current period in a: higher income tax expense, b: lower gross profit percentage, c: lower ending inventory, d: higher cost of sale?
Suppose that Portugal and Austria consider trading stained glass and fish with each other. Portugal can gain from specialization and trade as long as it receives more than of fish for each pane of stained glass it exports to Austria. Similarly, Aus..
If the firm's fixed costs double while variable costs are unchanged, then
Sandy has an income of $300 per month and qualifies for food stamps. The food stamp program awards people $100 per month, but that money can only go towards the purchase of food. Assume food costs $1 per unit. Draw Sandy’s budget constraint with the ..
Explain what the political motives are behind more third world countries joining the international market. What is/are the motivational factors?
Discuss at least three items that are common pitfalls when setting up a budget. Discuss how you will plan for opportunities to attend conferences or workshops that are important to your marketability but the expenses are not covered by your employer
What is the compound amount factor of single payment? (Use graphs and equations) If you have $2,000 now and invested it at 10% interest compound annually, how much would it be worth in eight years?
Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing a. constant returns to sc..
"Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards." Do you agree with this claim? Explain, using the Solow model.
the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved
For this discussion question, you will apply cost principles to business problems. A sunk cost is one that has already been incurred and cannot be recovered. Economic theory supports that only prospective (or future) costs are relevant to a decision...
When dealing with present value, a lower interest rate:
Choco Goodness is a firm that produces chocolate candy bars. Which is NOT a short run variable input for this firm? A) Sugar B) Assembly line workers C) The big chocolate-stirring machines D) Packaging materials
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