1) As the chapter states, GDP does not include the value of used goods that are resold. True or False? 2) Including the value of used goods that are resold would make GDP a less informative measure of economic well-being. True or False?

Average cost is: a. (variable cost) / (quantity). b. (fixed cost) / (quantity). c. (total cost) / (change in quantity). d. (change in total costs) / (change in quantity). e. (total cost) / (quantity). f. (change in total costs) / (quantity).

Inc. (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accounting balance sheet: FMV Adjusted Basis Appreciation Cash $ 200,000 $ 200,000 Building 50,000 10,000 40,000 Land 150,000

When valuing a stock using the constant-growth model, d1 represents the?

Suppose that you own a house. what is the opportunity cost of living in the house

Gary bought a cottage in 1977 for $45,000. When he died in 2001, the cottage was worth $250,000. In his will, he left the cottage in a trust to his daughter Beth, with the provision that she could receive full title after 10 years.

Miller Company has a subsidiary located in Saudi Arabia. In order to reduce economic exposure, Miller restructured its operations and increased supply order in Saudi Arabia.

It would be faster for a human resource manager to use a (an) (blank) to alert employees about a company picnic.

Why do economists use models? a. Models are used to add complexity to a simple world. b. Models allow us to study a simplified version of a complex world. c. Models allow us to control exogenous factors. d. Models make the world harder to understand.

On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On February 1, the company determined that $9,800 in customer accounts was uncollectible; specifically, $2,400 for Oakley Co.

Accounts are classified in the ledger a. alphabetically b. chronologically c. so that accounts used most often are listed first d. in accordance with their appearance in the financial statements