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(a) Explain the difference between equilibrium, surplus and shortage. What makes surplus and shortage inefficient?
(b) Explain in detail. How and why do we return to equilibrium in each of these cases?
(c) Explain the difference between price floors and price ceilings. Use graphs to help support your answer. Why would we use floors and ceilings? What purpose could they serve?
(d) Explain the difference between consumer surplus, producer surplus, and dead weight loss and identify them on the graphs you used in question
(e) List all the factors that cause the supply curve to shift. Explain what each factor is and provide a real world example of each one. List all the factors cause the demand curve to shift. Explain each factor. Explain what each factor is and provide a real world example of each one.
Just how common are dividend distributions? Are dividends concentrated in the companies traded on the New York stock exchange, or do closely held corporations pay dividends with the same frequency and at the same rates? Have dividends increased since..
Prepare all of Delta's journal entries for the above transactions. Delta uses a periodic inventory system - Calculate Delta's net purchases.
Evaluate the cost of the land and the cost of the building as they should be recorded on the books of Martin Buber Co. Assume that the land survey was for the building.
Are all indirect costs fixed costs? Are there circumstances in which prices should be set to cover variable cost rather than full costs? Explain
identification of costs into fixed and variable.costs can be classified into two categories fixed and variable costs.
Prepare the journal entry to write off those accounts and prepare the entries necessary to reinstate the account and to record the cash received.
ACC514 - Financial Accounting. Prepare a 2 page newsletter that identifies and summarises developments and changes in the financial reporting environment for the quarter from 1 May to 31 July 2016
On July 4, 2014, Wyoming Mining Company purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that the recoverable granite will be 400,000 tons. During 2014, 100,000 tons of granite was extracted and 60,000 tons were sold.
decision analysis based on carrying and ordering cost.nbspidentification of carrying ordering costs carolina metal
A $10,000 bond, due in 20 years has a 5% interest rate. Payments are semiannually with the first payment 6 months from now. What should the price of the bond be to have a yield of nominal 7% compounded semiannually?
Classify the claims processing costs that Li Ming identified as variable and fixed.- What is the independent variable? The dependent variable?
Identify the stakeholders involved in situation and what are the main ethical issues involved - what actions are available to Sharon to resolve the dilemma she faces - What actions are available to Sharon for dilemma she faces?
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