Question 1 1. ------------------------------------------------- ------------------------------------------------- "XYZ's receivables turnover is 10x. The accounts receivable at year-end are $600,000. The average collection period is 36 days. What was the sales figure for the year assuming all sales are on credit? " ------------------------------------------------- Answer | | "$60,000 " | | | "$6,000,000 " | | | "$24,000,000 " | | | None of the above | 5 points Question
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1. The Classical Model builds on the principles developed in microeconomics to explain how equilibrium production and employment might be determined from profit maximizing and utility maximizing behavior. From the system of dynamic model of the economy we can see that, as the production increased, the income will increase. And then both saving and consumption will increase. From this point, there are two ways to go. More consumption will decrease the production. But more saving will cause more
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E303. Spring 2012 Problem Set #2 (Note: For the first question of this problem set (parts a to d) use EXCEL to generate numbers. Replace the below table with your answers ON THIS SHEET. Similarly, in the rest of the assignment you may use EXCEL, but if you do so, insert figures and tables from EXCEL onto this sheet. 1. Consider the total profit function ( = TR - TC = (22 –Q)Q – (10+2Q+Q2 ) a. Create a table that shows Total Revenue, Total Cost and Total Profit
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Chapter 3:Problem 2 2. Consider an economy in which taxes, planned investment, government spending on goods and services, and net exports are autonomous, but consumption and planned investment change as the interest rate changes. You are given the following information concerning autonomous consumption, the marginal propensity to consume, planned investment, government purchases of goods and services, and net exports: Ca=1500-10r ,c=0.6 ,T=1800 Ip=2400-50r ,G=2000 ,NX=-200 a.
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Assignment 1: Principles of Economics Strayer University Spring 2012 Table of Contents Page Suggest how an economist would approach the problem of alcohol abuse 3 Analyze how prescription drugs affect the demand and supply of other products 3 Formulate a reason why the elasticity of demand is an important consideration 4 Provide two (2) examples of increasing-cost
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E303. Spring 2013 Problem Set #2 (Note: For the first question of this problem set (parts a to d) use EXCEL to generate numbers. Replace the below table with your answers ON THIS SHEET. Similarly, in the rest of the assignment you may use EXCEL, but if you do so, insert figures and tables from EXCEL onto this sheet. 1. Consider the total profit function ( = TR - TC = (22 –Q)Q – (10+2Q+Q2 ) a. Create a table that shows Total Revenue, Total Cost and Total Profit
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ANSWERS ECN 306 Assignment 1: Balance of Payments & Exchange Rates Instructions: Please try to answer each question as fully as possible. Save a copy of your work. The assignment is due on or before the end of class on February 11. 1.) Show how the following transactions would be recorded as debits or credits on the US balance of payments accounts. Identify the amount, whether it is a credit or a debit and on which account it would be recorded (be as specific as possible in identifying
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Personally I do believe that government intervention is necessary for the economy to stay afloat and be able to function. But there is much disagreement with these. Truly though, I do not think that is the government that we have a specific problem with, the government is there to set laws, intervene and at times bail out the economy. The intervention of government is good and necessary. What I think we all have a problem with is the administration that is there at a certain point in time, their
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Answer No. 1 Production possibility curve is a particular form of curve which shows the possibility of production in a particular economy. In an economy, the resources are scarce, therefore, it is important for the economy to make sure that, it keeps a balance between the productions and utilizes its resources appropriately. If the production possibility curve of an economy will move outwards then, the long run supply curve will have a positive change to the right. There will be an increase in
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Principles of Macroeconomics, 9e - TB1 (Case/Fair/Oster) Chapter 9 The Government and Fiscal Policy 9.1 Government in the Economy 1 Multiple Choice 1) Fiscal policy refers to A) the techniques used by a business firm to reduce its tax liability. B) the behavior of the nation's central bank, the Federal Reserve, regarding the nation's money supply. C) the spending and taxing policies used by the government to influence the economy. D) the government's
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