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Economics Questions and Answers

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what gives a person acomparative advantage
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This is I.T Business Homework.
What 3 main areas does the Operations Department deal with?
Name and describe the 3 quality standards of a product.
Why do firms use quality standards?
I would be very greatful if these questions could be answered by tomorrow. Thank you x
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qualitative characteristics of accounting information of a listed company’s financial statements between year 2009 and 2010.
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PURPOSE The purpose of this assignment is to provide learners the opportunity to assess the primary qualitative characteristics of accounting information. REQUIREMENT Compare and assess the primary qualitative characteristics of accounting information of a listed company’s financial statements between year 2009 and 2010. can you reference the annual report WCT construction
In Progress...

Elasticity Worksheet: The Case of the Missing Money
Mickey operates a small business that produces 3 products. We will call these products A, B, and C. Mickey's costs of production have recently increased by approximately $5,000. Since his total revenue (his sales) was just a little over $100,000, Mickey figured he would pass on the increased costs of production to his customers by raising his prices 5%. But, after raising the price of all three products by 5%, Mickey found himself with LESS money than he had before. He has asked you to find out what happened and has supplied the following data. Complete the blank spaces and answer the questions.

Before Mickey Raises Price After Mickey Raises Price % chg using midpoint formula Price Elasticity
of Demand
Units Price Total Revenue Units Price Total Revenue % chg Q % chg P
Product A 531 $78.00 469 $82.00 12.5% 5.0%
Product B 1,025 $39.00 975 $41.00 5.0% 5.0%
Product C 1,010 $19.50 990 $20.50 2.0% 5.0%
T
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Zervos Inc. had the following data for 2008 (in millions). The new CFO believes (a) that an improved inventory management system could lower the average inventory by $4,000, (b) that improvements in the credit department could reduce receivables by $2,000, and (c) that the purchasing department could negotiate better credit terms and thereby increase accounts payable by $2,000. Furthermore, she thinks that these changes would not affect either sales or the costs of goods sold. If these changes were made, by how many days would the cash conversion cycle be lowered?

Original Revised
Annual sales: unchanged
Cost of goods sold: unchanged
Average inventory: lowered by $4,000
Average receivables: lowered by $2,000
Average payables: increased by $2,000
Days in year $110,000
$80,000
$20,000
$16,000
$10,000
365 $110,000
$80,000
$16,000
$14,000
$12,000
365
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4. Explain the key accounting standard (AS) norms concerning related party disclosures and leases.
In Progress...
How can revenue expenditure turn into capital expenditure?
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When a price of good A increases, is it quantity demanded or quantity demand of good A decreases?
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Analyze the approaches to capital structure decisions and determine which theory is the most applicable across the widest number of scenarios. Explain your rationale.
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