Economics Answers

impact on equilibrium price and quantity in the market

for Starbucks coffee lattes if the cost of producing them increases

You are the Accounting Manager for a company.You are analyzing your AR and you realize that the average collection period is lengthening every month, and this trend started 8 months ago.What specific action or steps would you take to (1) identify items that are potentially causing the collection time to increase and (2) reverse the trend and reduce the average collection time.

(1) What is DSO and how is it calculated?

(2) What is AR Turnover and how is it calculated?

(3) Identify ONE action/step you would take to identify the potential items causing the increase in your average collection period and 4 actions/steps you would take to reduce the collection time.

You are the Accounting Manager for a company.You are analyzing your AR and you realize that the average collection period is lengthening every month, and this trend started 8 months ago.What specific action or steps would you take to (1) identify items that are potentially causing the collection time to increase and (2) reverse the trend and reduce the average collection time.

(1) What is DSO and how is it calculated?

(2) What is AR Turnover and how is it calculated?

(3) Identify ONE action/step you would take to identify the potential items causing the increase in your average collection period and 4 actions/steps you would take to reduce the collection time.

Even if the opportunity cost of attending college is high, why do people attend schools?

Select one:

a.

Because potential long term benefits of college degrees are bigger than costs of college

b.

Because costs of college are bigger than potential benefits from college degrees.

Clear my choice

With aid of diagram describe how each of the following will affect the demand for personal computers: (a) a rise in incomes (assuming computers are a normal good); (b) a lower expected price for computers; (c) cheaper software; (d) computers become simpler to operate.

 Demand:𝒑𝒅 =𝟕𝟐−𝟏.𝟐𝟓∗𝒒𝒅

 Supply:𝒑𝒔 =𝟏𝟐.𝟓+𝟐.𝟐𝟓∗𝒒𝒔

Imagine now that the government imposes a tax of $𝟒. 𝟓 on the producers of hammers.

a) What is the new equilibrium quantity?

Explain why an expansionary fiscal policy is more appropriate when the economy is in recession. Support your discussion with examples.

Discuss the main causes of the financial crisis of 2008? Identify the main risk that contributed to this crisis

What is a prior period adjustment?

What is a correction of an error?

What does retrospective mean?

What does prospective mean?

What does restating prior periods mean?

Thank you.

If a buyer's willingness to pay for a new Honda is €20,000 and she is able to actually buy it for €18,000, her consumer surplus is

a.

€18,000.b.

€20,000.c.

€2,000.d.

€0.e.

€38,000.