Economics Answers

Based on the historical movement of AUD/EUR exchange rate, predict what the rate will be on 31 December 2021 (3 months from now).

b) Discuss the effect of Purchasing Power Parity on AUD/EUR exchange rate on 31 December 2021. (What key points should be mentioned when answering this question?)

9. Show that if the marginal product is always decreasing, the average product is always above the marginal

product.

1. The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs 269244. With the given set of information, classify the given items as (operating / investing / financing), share the correct classification with logical reasoning

And calculate the cash flow from operating activities

Loss on sale of asset

95780

dividend income

26000

interest income

35000

finance cost paid on debentures

12000

gain on sale of investment

45000

Depreciation on fixed assets

85000

Amortisation Expenses

110000

What are the four external factors of macro environment?

Mr. Akbar provides you with the following information-(all the transactions are separate and independent of each other)

 Started business with cash Rs150000

 Purchased goods for cash Rs 25000

 Sold goods to C on credit Rs 20000

 Paid salary for cash Rs15000

 Deposited cash into the bank account Rs100000 

a. Identify the accounts being affected in the monetary transaction and Identify the type of accounts identified - real, personal or nominal

b. Discuss the rule of passing the journal entry applicable here and pass the journal entry (Golden rule or transaction analysis, any of these rule/s can be taken as a base to justify the answer) 

The graph shows the demand curve for haircuts and the market price of a haircut.

If the price of a haircut falls from ​$20 to ​$10​, what is the change in consumer​ surplus?

research with the necessary formula and example of the assigned topic:

1. Horizontal Analysis of Financial Statements

Recent research estimates that the short-run price elasticity of demand for gasoline in the U.S. is -0.3, and the long-run price elasticity of demand is -1.4. What happens to consumer expenditures (in other words, price times quantity purchased) if the government increases the federal gasoline tax?

a. Consumer expenditures on gasoline increase over the short run and long run

b. Consumer expenditures on gasoline increase over the short run and decline over the long run

c. Consumer expenditures on gasoline decrease over the short run and long run

STATEMENT OF CHANGES IN EQUITY  

PRACTICE SET 29 

1. The Retrieval Company has the following changes in equity items in year-end 2020.  
2. Kindly prepare the SCE of the company which is owned by Ms. Charlott 

Balance on January 1, 2020= ₱ 550,000 

March 31: The entity earned a total of ₱ 250,000 for its first quarter of operations 

June 30: The owner withdraws money worth ₱ 300,000 

July 28: Ms. Charlott, the owner, invests a total of ₱ 920,000 worth of equipment in the entity. 

September 22: The entity earned a total of ₱ 450,000  

December 31: Total expenses paid at year-end amounts to ₱ 380,000 

The owner withdraws 500,000 from the business 

Balance on December 31, 2020= ?