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While walking through the park, Jane finds a $100 bill. No one is around to claim it, so she keeps it. Does Jane have any gross income as a result of this?
In year 1, Lauderhill Corporation issues three-year bonds. Martha, a cash basis taxpayer, purchased a $10,000 bond at its issue price of $7,000. In year 1, $840 of the interest accrues.
Virginia gives her 14-year-old grandson, Tommy, $10,000 in common stock. One month later, a $100 dividend is paid to Tommy on the stock. How much income is taxed to
Ryan's annual salary is $120,000 per year. He asked his employer to pay $20,000 of his salary to his elderly grandmother who is in a nursing home. The employer makes the $20,000 payment directly to th
What is an installment sale? If a transaction qualifies for installment sale treatment, when will the taxpayer be taxed on the sale? What does a taxpayer do if the taxpayer does not want to use the in
Murphy Company, a cash-basis, calendar-year taxpayer, received a call on December 28, year 1, from a client stating that a check for $9,000 as payment in full for their services could be picked up at
Jabba Company uses the cash method of accounting. Jabba received a computer from a customer as payment for a $2,000 bill. Can Jabba avoid recognizing income because it received payment in a noncash fo
Variables other than the rate of interest affect gross investment. Changes in these other variables cause investment demand to shift downward or upward. What should happen to the economy’s inves
What effect does unanticipated inflation have upon: (1) individuals who are retired and living on a fixed income; (2) debtors, and (3) creditors?
How do the following events affect an aggregate spending line?
Is there backing for coins, paper currency, and check-writing deposits?
What factors may limit the actual increase in aggregate demand? b. An increase in aggregate demand should raise equilibrium output.
Compare the quantity of check-writing deposits when reserves are held constant and the reserve requirement is lowered in (a) with the quantity of deposits when the amount of reserves held by banks is
In professional sports, the decisions about TV contracts, salary cap, free agency, entry in to a new market are made by their respective entities like MBA, NHL, NFL, MLB and MLS. These entities operat
With base year 2002, the CPI in 2011 and 2012 were 240 and 250, respectively. If a flat screen TV cost $1164 in 2011 and $1200 in 2012, was the flat screen TV more expensive in 2012?
Difference between average total costs and average variable costs and the avenge fixed cost of producing 10 units of output
Suppose N1= 16 and N2= 12. At which lake is the average catch per fisher greater? In light of this fact, how would you expect the fishers to redeploy themselves?
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
Discuss the distinction between spontaneous and designed order.Needs to be 1000 word essay relating to institutional economics. Drawing on readings from Coase, Williamson, Easterly and Henry and Mille
Construct a capital stock series which will be used in to preform a growth accounting exercise and in the second exercise you will preform a grown accounting exercise in a country of your choosing.
Should the measure of imports used in the GNP (or GDP) accounts therefore be defined to include only imports of final goods and services from abroad? What about exports?
Provide an economic explanation of what you have shown in your diagram above. Discuss what happens to (1) economic output-per-worker and Discuss the adjustment process that occurs during the transiti
what is the meaning of the credit multiplier in the monetary sector
The question states to fill in the table that follows. I have formulas that can solve for the missing pieces, but so many are missing that I can't solve for any of the blanks. Can you give me any clue
Define and explain a closed system and an open system and provides examples of both. Explain the inner and outer flows of a closed and open system. Define and explain the leakages and injections in an