HM 2010 week 3 assignment A

For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus of $1 trillion. What are private saving and national saving?

Hanover, inc. purchased land through the issuance of long-term bonds. how is this reported on the statement of cash flows?

Fred is clearing checks at the bank. One check comes through without the amount written in numerical form. The amount is written as Five Hundred Thousand, Fifty Six dollars and no/100. What will Fred write in as the amount?

Taking a physical count of inventory question 5 options: a is not necessary when a periodic inventory system is used b should be done near year-end c has no internal control relevance d is not necessary when a perpetual inventory system is used

Some people consistently make great investment decisions. Why? A. They do their homework on the investment and therefore understand the risk. B. They don't believe the person trying to sell them an investment.

Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d. better production methods e. antitrust laws

Well-functioning markets allow: (A) producers to reap greater benefits, since they have greater power in the market. (B) property rights to be unnecessary components of effective distribution. (C) consumers to gain at the expense of producers.

Al contracted to sell his house to bev. subsequently, they both changed their minds and agreed to cancel the contract. the contract between al and bev is discharged by:

What does the budget of the U. S. government represent? a statement justifying the provision of public goods a plan for borrowing money to cover the national debt an agreement among various politicians about public spending an approach to taxation,

Two long-time competitors, Freddie's Market and Greta's Groceries, recently issued an announcement stating their decision to merge.