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Q. Exercises (b) If amount in Insurance Expense is January 31 adjusting entry and original insurance premium was for 1 year, what was total premium and when was policy purchased? (c) If $2,500 of salaries was paid in January, what was balance in Salaries Payable at December 31, 2000? (d) If $1,600 was received in January for services performed in January, what was balance in Unearned Service Revenue at December 31, 2000?
Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit
Suppose V=$0, what is Jim's labor supply function now. Draw his labor supply curve. Illustrate what happened to his wage and substitution effects.
Illustrate what direction wills each of the subsequent occurrences shift the consumption also saving schedules, other things equal.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
We want to consider elucidate how a change in the U.S. money supply affects interest rates. On all graphs label initial equilibrium point A.
Considers the choices of Native Americans who decide to stay on their tribe native land or reservation also those who select to relocate to a city.
Elucidate which following is true in market of a monopoly
For this assignment, you are to continue using the fortune 500 Verizon Wireless Company.
Illustrate what feature of a PPF illustrates increasing opportunity cost also elucidate why does your PPF not have this feature.
A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, "Due to the increase in tuition, how many of you will transfer to another university.
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
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