“National Export Initiative,” an important endeavor that is necessary for long-term, sustainable economic growth for the country. The president’s goal is to double exports within 5 years, which, it is hoped, should reduce unemployment by adding 2 million jobs. This is the first time in history that the United States has put a real focus on government-wide […]
1.A repair that extends the useful life of an asset would be considered a/an A.extraordinary repair. B.betterment. C.capital expense. D.ordinary repair. 2.A company receives a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the customer owe using a 360-day year? A.$354.38 B.$38.84 C.$39.38 D.$315.00 […]
1.To pay the least income tax possible in periods of rising inventory costs, the company should use which inventory costing method? A.FIFO B.LIFO C.Average cost D.Specific identification 2.Which of the following is an incorrect statement if ending inventory is overstated? A.Net income is overstated. B.Gross profit is overstated. C.Cost of goods sold is overstated. […]
Read the article: Kotchick, B.A. & Forehand, R. (2002). Putting parenting in perspective: A discussion of the contextual factors that shape parenting practices. Journal of Child and Family Studies, 11(3), 255-269. http://search.proquest.com.libproxy.edmc.edu/docview/210500919/abstract?source=fedsrch&accountid=34899 Synthesize what you learned in your readings as well as the above article to address the following: Using the chart/table below, list at least 4 […]
Utech Company has income before irregular items of $345,800 for the year ended December 31, 2014. It also has the following items (before considering income taxes): (1) an extraordinary fire loss of $48,900 and (2) a gain of $29,100 from the disposal of a division. Assume all items are subject to income taxes at a 24% tax rate.Prepare Utech […]
ECON 104HOMEWORK #11 Part 1 In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not a structural relationship between inflation and unemployment rates. In particular, the trade off could only exist in the short -run. a) (10 points) The tradeoff between unemployment and inflation was much discussed throughout the 1960s […]
1) Exercise 12-8 (Part Level Submission) Shown below are comparative balance sheets for Schmitt Company.SCHMITT COMPANYComparative Balance SheetsDecember 31 Assets 2014 2013 Cash $ 89,080 $ 28,820 Accounts receivable 115,280 99,560 Inventory 218,770 247,590 Land 104,800 131,000 Equipment 340,600 262,000 Accumulated depreciation —equipment (86,460) (41,920) Total $782,070 $727,050 Liabilities and Stockholders’ Equity Accounts payable $ 51,090 $ 56,330 Bonds payable 196,500 262,000 Common stock ($1 par) 282,960 227,940 Retained earnings 251,520 180,780 Total $782,070 $727,050 […]
ECON 104 HOMEWORK #11 (100 points total)1. In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not astructural relationship between inflation and unemployment rates. In particular, the tradeoff could only exist in the short -run.a) (10 points) The tradeoff between unemployment and inflation was muchdiscussed throughout the 1960s as there appeared […]
Weekly Research Paper (40 points total): Prepare a three-page paper in APA style that describes, explains, addresses, and answers the following. The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? […]
ECON 104 HOMEWORK #10 (100 points total)1. (35 points total) We discussed the idea of crowding out and why it occurs. In thisproblem we are considering two scenarios: Scenario 1: G rises and the Fed does notaccommodate the shock to money demand. Scenario 2: G rises and the Fedaccommodates the shock to money demand, as […]