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What are two methods of recording accounts receivable transactions when a cash discount situation is involved?
Which is more theoretically correct? Which is used in practice more of the time? Why?
P Company acquired 27,000 shares of the common stock of S Company on 1/1/15, for $710,000 cash. The stockholders’ equity section of S Company’s balance sheet on that date was as follows: What is the “REAL” journal entry to record the stock acquisitio..
Illustrate by how much (what percentage) does the consumer facing a 15% marginal tax rate alter his or her level of charitable giving as the result of the deductibility of charitable contributions?
Suppose a country enacts a tax policy that discourages investment. As a result, the value of the parameter ¯s now goes to a smaller value ¯s ′. Assuming that the economy starts at its initial steady state, use the Solow model to explain what happens ..
If a consumer increases her quantity of ice cream consumed by 1005 WHEN HER INCOME RISES BY 255 then her income elasticity of demand for ice cream is? The market demand for wheat is Q=100-2p+1pb+2y. If the price of wheat, p, is $2, and the price of b..
The demand for inputs is derived from the market demand function. With inelastic demand, aprice increase produces lower marginal and total revenue. Two products are complements if the cross-price elasticity of demand equals zero.
one receives a higher salary with the successful completion of degrees or the earning of diplomas. Elucidate how the sheepskin effect is analogous to SIGNALING MODEL.
A firm has a production function, q=AL^a K^(1-a), where 0
In the production function Q = 10L1/2K1/2 calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital. (Hint: The slope of the isoquant = the ratio of the marginal product of labor to the..
Chimnesia has two equally sized groups of people: smokers and nonsmokers. Both types of people have utility U = ln(C), where C is the amount of consumption that people have in any period. So long as they are healthy, individuals will consume their en..
Please complete a research project and presentation of a commodity, its global implications and all other relevant information. Collect information and data on all relevant aspects of the commodity. That information should include but not be limited ..
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. Write the firm's isocost equ..
If $1,600 was received in January for services performed in January, what was balance in Unearned Service Revenue at December 31, 2000.
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