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Why is it necessary to convert accrual-based net income to cash-basis income Why is it necessary to convert accrual-based net income to cash-basis income when preparing a statement of cash flows? The president of Ferneti Company is puzzled. During the last year, the company experienced a net loss of $800,000, yet its cash increased $300,000 … Read more
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Contemporary economic issues Explain concepts of supply and demand. Describe the concept of macroeconomic equilibrium Discuss how aggregate demand and aggregate supply determine equilibrium price and output in the short-run and long-run. Describe the concepts and measurement of Gross Domestic Product (GDP), unemployment, and inflation. Explain what is meant by “business cycles” and “economic growth and describe the … Read more
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Assignment: The Key Concepts in Economics Write a three to four (3-4) page paper in which you: Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8. Apply one (1) of the following … Read more
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Why do economic agents need to make choices in the decision-making process Why do economic agents need to make choices in the decision-making process? What are the factors that force us to make choices among the viable alternatives at our disposal during a given period of time? Why do economic agents face tradeoffs in our … Read more
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Math in economics: gas stations You operate a delivery service in your local area, but you are thinking of expanding to another market. You’re concerned that you might need to set different prices in the new market because the cost of gas might be much different. Identify 10 gas stations in your local area. Record the … Read more
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