Search & Filtering
The price of coffee rose sharply last month, while the quantity sold remained the same. Five
people suggest various explanations:
Leonard: Demand increased, but supply was perfectly inelastic.
Sheldon: Demand increased, but it was perfectly inelastic.
Penny: Demand increased, but supply decreased at the same time.
Howard: Supply decreased, but demand was unit elastic.
Raj: Supply decreased, but demand was perfectly inelastic.
Who could possibly be right? Use graphs to explain your answer.
'Policymakers who can influence AD cannot offset the adverse effects of a recession due to a fall in AS'. Do you agree with statement? Explain your answer in words and using an AD-AS diagram. Explain
Consider
the
following
information
for
a
particular
economy.
Total
population
=
60
million
Number
of
employed
=
30
million
Total
labor
force
=
40
million
Natural
rate
of
unemployment
=
12%
a)
Find
the
total
unemployment
rate
b)
Calculate
the
cyclical
unemployment
rate
Cups of coffee and donuts are complements. Both have inelastic demand. A hurricane
destroys half the coffee bean crop. Use appropriately labeled diagrams to answer the
following questions.
a. What happens to the price of coffee beans?
b. What happens to the price of a cup of coffee? What happens to total expenditure on cups of
coffee?
c. What happens to the price of donuts? What happens to total expenditure on donuts?
expectations-augmented Phillips curve,
shows the effects of an unexpected increase in money supply.
Suppose you will open a new business with choices as follows:
1. Open a compute shop near a school where there are many other computer
shops.
2. Start the first and only Barbershop service in your neighborhood
3. Open a bike accessories store in your area that has only 2 other bike
accessories stores.
4. Create a unique clothing line that targets Gen Z.
Which business would you open? The factors that influence your decisions
are characteristics that economists use to describe the level of
competition in the market.
Give at least 3 reasons to justify your selection using what you’ve learned
about market structure.
- The Creep Company has the following accounts in year-end 2020.
- Kindly prepare the Statement of financial position on the following
Accounts Payable ₱ 600,000
Unearned Revenue 1,210,000
Salaries Payable- current 120,000
Owner’s Withdrawals 280,000
Owner’s Capital 1,500,000
Comprehensive Income 3,000,000
Total Current Assets 80% of total liabilities
Cash 250,000
Inventories 480,000
Prepaid Expenses 600,000
Property, Plant and Equipment ?
Accounts Receivable ?
a. Statement of financial position ACCOUNT FORMS
b. Statement of financial position REPORT FORMS.
- The Creep Company has the following accounts in year-end 2020.
- Kindly prepare the Statement of financial position.
a. ACCOUNT FORMS
b. REPORT FORMS.
Accounts Payable ₱ 600,000
Unearned Revenue 1,210,000
Salaries Payable- current 120,000
Owner’s Withdrawals 280,000
Owner’s Capital 1,500,000
Comprehensive Income 3,000,000
Total Current Assets 80% of total liabilities
Cash 250,000
Inventories 480,000
Prepaid Expenses 600,000
Property, Plant and Equipment ?
Accounts Receivable ?
- The Creep Company has the following accounts in year-end 2020.
- Kindly prepare the Statement of financial position in ACCOUNT FORMS and REPORT FORMS.
Accounts Payable ₱ 600,000
Unearned Revenue 1,210,000
Salaries Payable- current 120,000
Owner’s Withdrawals 280,000
Owner’s Capital 1,500,000
Comprehensive Income 3,000,000
Total Current Assets 80% of total liabilities
Cash 250,000
Inventories 480,000
Prepaid Expenses 600,000
Property, Plant and Equipment ?
Accounts Receivable ?
The Creep Company. Presented below are the items to be consolidated for the immediate preparation of the Statement Of Financial Position, for the year 2020.
Accounts Payable ₱ 600,000
Unearned Revenue 1,210,000
Salaries Payable- current 120,000
Owner’s Withdrawals 280,000
Owner’s Capital 1,500,000
Comprehensive Income 3,000,000
Total Current Assets 80% of total liabilities
Cash 250,000
Inventories 480,000
Prepaid Expenses 600,000
Property, Plant and Equipment ?
Accounts Receivable ?
a. Prepare the SFP using the REPORT FORM
