<span>A corporation whose stock can be purchased by anyone and is traded in stock markets is known as an open corporation.
This means that these shares are not monopolized by a small group of investors, but rather can be bought by anyone who has such a desire to own them. The term which is opposite from an open corporation is a closed corporation.
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Answer: lower than actual inflation because of the money illusion.
Explanation:
The Phillips curve states that there is an inverse but stable relationship between inflation and unemployment. This theory posits that inflation is caused by economic growth which leads to employment opportunities for people and in turmy, reduces unemployment.
On most points along a short run phillips curve, expectations of inflation are generally lower than actual inflation because of the money illusion.
Answer:
D. $37.11
Explanation:
Given that
Price of grocery bag in 1970 = 8
Price index in 1970 = 38.8
Price index in 2006 = 180
Thus,
Price if grocery bag in 2006
= price in 1970 × (Price index 2006 ÷ price index 1970)
= 8 × (180 ÷ 38.8)
= 8 × 4.639
= 37.112
= $37.11
Answer: 10%
Explanation:
You invest equal amounts in a portfolio yielding 16% and a risk-free asset yielding 4%.
The expected return will be a weighted average of these two;
= (Weight of the Portfolio * Portfolio return) + (Weight of the Portfolio * risk-free rate)
= (0.5 * 16%) + (0.5 * 4%)
= 8% + 2%
= 10%
Answer:
Items reported in the balance sheet are:
3. a, c, e, f, and h
Explanation:
a) Data and Selection:
a. Cash
b. Sales
c. Long-term debt
d. Wage expense
e. Wages payable
f. Retained earnings
g. Net income
h. Inventory
i. Cost of goods sold
a. Cash
c. Long-term debt
e. Wages payable
f. Retained earnings
h. Inventory
b) Items reported in the balance sheet are items that are assets, liabilities, or equities. These items are permanent items, which have their balances taken to the next accounting period. Non balance sheet items are reported in the income statement. They are closing or temporary items that do not have balances taken to the next period.
