The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.

A landowner validly conveyed a small office building to the green party "as long as they use it for operating quarters until the

hjlf

The green party and the gas monitoring organization should prevail because the land owner had willed that the property be given to them.

7 0

2 years ago

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The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP

Mrac [35]

Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year 2016 2017

Price Quantity Price Quantity

Ice Cream $7.00 600 $3.00 400

Blue Jeans $70.00 20 $20.00 90

Laptops $300.00 5 $300.00 5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ = $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_ = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth since this is the base year

4 0

2 years ago

Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tick

erastova [34]

Full question:

In some states and localities, scalping is against the law although enforcement is spotty

A. Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tickets.

B. Using supply/demand analysis and words, demonstrate what a strongly enforced antiscalping law would likely do to the price of tickets

Answer and Explanation:

A. For the first scenario, a weakly enforced antiscalping law would still allow the resale of tickets as it is not enforced properly. Therefore it's effect on price would remain as though there were no laws restricting scalping( scalping: price increase created by artificial shortage and bulk resale of tickets) . See the attached diagram for the supply and demand curve and price increase as a result of a weak antiscalping law

B. For the second scenario, scalping has no effect on price as antiscalping laws are strong and therefore there is no scalping. Price remains the same and does not change.

In diagram A for first scenario price increases from p1 to p2 and quantity decreases from q1 to q2 to indicate increase in price and quantity decrease for shortage respectively. This shows the effect of scalping on the market with weak antiscalping laws

In diagram B, price and quantity remain the same to show strong antiscalping laws

7 0

2 years ago

The required return on equity for an all-equity firm is 10.0 percent. They are considering a change in capital structure to a de

Sladkaya [172]

Answer:

The new cost of capital if this firm changes capital structure is 1.3

Explanation:

From the provided information:

All equity beta = 1

New D/E ratio = 0.5

Then, the new capital structure with levered beta is given by:

new capital structure = All equity beta *(1 + D/E*(1 - tax rate))

= 1*(1 + 0.5*(1 - 40%))

= 1.3

Therefore, The new cost of capital if this firm changes capital structure is 1.3

5 0

3 years ago

What are the advantages of a Free Enterprise system to consumers?

nlexa [21]

Answer is d. all of the above

8 0

3 years ago

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