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1. The relationship between total liabilities and total assets motivates which of the following ratios?
a. Debt ratio
b. Current ratio
c. Inventory turnover
d. EBIT
2. Which of the following financial statements would answer the question, “What did the company decide to use its profit for?”
a. Income statement
b. Statement of retained earnings
c. Statement of cash flows
d. Balance Sheet
3. You borrow $20,000 to purchase a small cottage. If your loan rate is 8.5% interest per year and you are paying it monthly over 60 months. What is your monthly loan payment?
a. $410.33
b. $626.25
c. $333.33
d. $520.43
3. Your housing expense ratio, the percentage of your monthly income that you can use for all your house expenses, must be less than which of the following percentages in order to qualify for a mortgage? (Give the limit that cannot be exceeded in order to qualify.)
a. 15%
b. 22%
c. 28%
d. 36%
4. Which of the following is not typically included in a house payment?
a. Interest
b. Property taxes
c. Insurance
d. Realtor commission
Discuss why the government would implement a program to lower the price of a good and the welfare effects of such a program. Give an example of good for which such a policy has been implemented and explain the purpose of the policy.
What circumstances would the industry short run labour demand curve have the same elasticity as that of a representative firm in this industry? which of the four laws of derived demand are important here? explain your reasoning.
1. given the total cost function tc 100010q where q units of output.a determine the equations for tfc total xed cost
a meeting of senior managers at the pringly division has been called to discuss the pricing strategy for a new product.
Yolanda owns an art factory in Palermo, Italy. She is thinking of expanding her exports of large-size paintings of Italian cityscapes. She has had little difficulty recruiting new artists to Palermo to work a 40-hour week in the factory.
How many units of labor should the firm use in order to produce 400 units of output at the least cost and the minimum cost of producing 800 units of output is what?
you have explored many options for managing data as well as its importance to the overall health of an organization in
1. which of the following will ceteris paribus will cause an increase in the supply of whole wheat cereal?a.
In the imperfect competitive market of jeans, Lean Jeans, Inc., recently offered rebates of $1 off the regular $50 price. Quantity sold jumped 4 more jeans from the previous 100 figure the previous month.
what effect should each of the following have upon the demand for portable music players in a competitive market?
mrs. smith operates a business in a competitive market. the current market price is 7.50. at her profit-maximizing
Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years
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