Economics Homework Solutions

Global economics

1. Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs. For MNE's with multiple foreign operations, consider any one of those operations and the contribution it is making to the parent firm's profits. Using this information, what do you think would be the eff ...continues

Depriciation and Financial Accounting

a) The balance sheet of the first chemical plant is given in the attached file. If annual sale is $400,000, profit before income tax is $200,000, and the corporate tax rate is 50%, compute the return-on-total-assets ratio and the inventory-turnover ratio. b) Define the inventory-turnover ratio and identify its two major inc ...continues

Economics/Crime

Could crime ever be eliminated? If "Yes" what would be the economic cost of doing so? If "No" what is the economic cost of crime?

Depreciation

Enrique is planning a trip around the world in three years. He will sell all of his possessions at that to fund the trip. Two years ago, he bought a used car for $12,500. He observes that the market value for the car now is about $8300. He needs to know how much money his car will add to his stash for his trip when he sells it t ...continues

Human Resource Management/ Staffing Practices & Selection Tools

Describe an organization's staffing practices and selection tools in response to two of the following trends: Ethics & Technology Evaluate the effectiveness of these staffing practices and selection tools in meeting current and future employment needs of the organization. If you have any sites that I can use please send ...continues

Present Worth Analysis of two different designs for a safety closure, which will be in use indefinitely. Using a present worth analysis, which design is better?

Julia must choose between two different designs for a safety closure, which will be in use indefinitely. Model A has a life of three years, a first cost of $8000, and maintenance of $1000 per year. Model B will last four years, has a first cost of $10,000, and has maintenance of $800 per year. A salvage value can be estimated fo ...continues

True or False with short explaination

Please give a short explaination of why the problem is true or false. a. A firm maximizes its profit at the break even point. Break even point is the point where marginal revenue equals zero. True or false, explain. b. Firms advertise in order to change price elasticity of demand for their products. However, the higher el ...continues

Economic Word Problem

A potential entrepreneur is trying to decide whether to open a new health spa. She presently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new spa. If she chooses to open spa, it will cost her $200,000 per year in rent and other operating expenses. 1) What are her accounting ...continues

Demand Estimation/Regression Model

Please Show Your Work. Thank you. The MacWend Drive-In has determined that demand for hamburgers is given by the following equation: Q = 205.2 + 23.0A - 200.0PM + 100.0PC + 0.5I (1.85) (2.64) (-5.61) (2.02) (4.25) where Q is the number of hamburgers sold per month (in 1,000s), A is the adver ...continues

President of a small firm has been complaining to his controller...

The president of a small firm has been complaining to his controller about rising labor and material costs. However, the controller notes that average costs have not increased during the past year. Is this possible? Explain.

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