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Ever since he was a kid, Carl Montague wanted to be a pro football player. When that did not work out, he found another way to channel his natural competitive spirit: He bought a small auto parts store in Kentucky that was deep in red ink (negative earnings). At the end of the year, he created ghost inventory by recording fake inventory purchases. He offset these transactions by adjustments to Cost of goods sold, thereby boosting profit and strengthening the balance sheet. Fortified with great financials, he got bank loans that allowed him to build up a regional chain of stores, buy a local sports franchise, and take on the lifestyle of a celebrity. When the economy in the region tanked, he could no longer cover his losses with new debt or equity infusions, and the whole empire fell like a house of cards.
California's newly deregulated power market start operation. The large power utilities in state turned over control of their electric transmission amenities to the new Independent System Operator (ISO) to promise fair access to transmission through a..
consider this topic and converse with your fellow classmates about choice, opportunity cost, and comparative advantage with regards to personal brand in social networking sites and/or associations you might belong to.
Suppose that the price of pumpkins in Austin has fallen by 10%, while total spending on pumpkins in Austin has gone up by 2%. Which of the following could explain those changes
A sales person has the following utility function: u(w, ?) = sqrt(w, ?), w is the hourly wage and ? is the number of hours worked in a typical day. This person is choosing between 2 jobs.
Analyse the determination of the appropriate amount of undeveloped land along this river as an externality and public goods problem
What are three ways the federal government can pay for an increase in government spending? What do you think is the best way to pay and why? What is the definition of the federal deficit? What is the difference between the federal deficit and the fed..
One characteristic of automatic fiscal policy is that it...
Discuss why is it difficult to estimate who is and who is not in the labor force? What consequence does this have, if any, for the labor market indicator?
How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?
a representative of the american clothing industry recently made the following statement workers in asia often work in
Are you able to explain in your own words why high excess reserves represent a significant opportunity cost for the bank when the economy is moving into a recession?
Which of the following is a characteristic of both perfect competition and monopolistic competition?
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