Other Economics Answers

A business owned by Cristiano Ronaldo was short of cash and Ronaldo therefore decided to form a Partnership with Lionel Messi, who was able to contribute cash to the new partnership. The assets contributed by Ronaldo appeared as follows in the balance sheet of her business: cash $600: account receivable, $34900, with an allowance for doubtful accounts of $960: inventory $45600: and store equipment, $21600. Ronaldo had recorded depreciation of $1800 during his use of the store equipment in his sole proprietorship. Ronaldo and Messi agreed that the allowance for Doubtful accounts was inadequate and should be $1800.They also agreed that a fair value for the inventory was its replacement cost of $54000 and that the fair value of the store equipment was $19000.You are required to open the partnership accounts by making a general journal entry to record the investment by Ronaldo?

Types of correlation. Correlation analysis

A behavioral scientist is interested in studying the effect of stress on employee health for an organization. For this he has conducted a survey and have collected data for different parameters like health condition, emotional balance etc. He found out there is a direct correlation between emotional balance and illness among the employees. Based on this answer the following:

a. What are the various types of correlation that you know about between two variables? Explain them with diagrams. 

b. What is the use of Karl Pearson’s coefficient of correlation? Write and explain the  formula for the same.

The following information is on a hypothetical short-run production funtion:

The price of labor is$35 per unit.Ten units of capital are used each day, regardless of output level. The price of capital is $65 per unit.

(a) fill in the table attached ( you may do this by hand or on Excel and attach in LEO)

(b)When do diminishing returns set in?

Labor

Capital Q MPL FC

VC TC AFC

AVC ATC MC

0 10 0

1 10 50

2 10 150

3 10 300

4 10 400

5 10 450

6 10 475

7 10 475

8 10 450

9 10 400

10 10 300

11 10 150

Consider an individual that decides how much to consume and how much to work. Denote consumption by c and the price of consumption by p.The total time(number of hours) available to the individual is T, which they split between leisure, denoted l, and working, denoted h. For each hour worked the individual is paid a wage w and they also have unearned income, denoted by y. The individual s budget constraint can be written: pc greater than symbol y+wh

Their utility function is given by U(c,l).

(a) show the budget constraint can be re written: pc+wlgreater than symbol y +wT

Why do economic problems persist despite various intervation from the government and other organisations

# 1 Admission by Purchase of Interest

The capital accounts of the Maniquiz and Monte Partnership on Sept 30, 2018 were:

Maniquiz Capital (75% Profit Percentage) P 140,000

Monte, Capital (25% profit percentage) 56,000

Total P 196,000

On Oct 1. Galang was admitted to a 35% interest in the partnership when he purchased 35% of each existing partner’s capital for P 100,000, paid directly to Maniquez and Monte.

Required:

Determine the capital balances of Maniquiz, Monte and Galang after Galang’s admission to the partnership.

 criterion for evaluating environmental policy that applies

Discuss whether national defense or a public park is the better example of a public good 15 mrks

how demand and supply curve are equal?how to explain the equalibiriyum happen there?

Distinguish between income elasticity of demand and cross price elasticity of demand. Include a provision of their formula.