ECO 203: HW#3
Due Date: Oct. 4, 2016.
MULTIPLE CHOICE. Choose the one alternative that best completes the
statement or answers the question. Each of multiple choice questions has 1
If the price elasticity of demand is 2, this means that a _
Due Date: Sep. 22, 2016
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers
the question (1 point each).
1. Consider two individuals, Willy and Blithe, who produce carrots and apples. Table 3.1 shows
Due Tuesday, June 23
Problem #1: Forward Contract used as a hedge for an Account Payable
Brandlin Company purchases materials from a foreign supplier on December 1, 2015, with payment of
16,000 korunas to be made on March 1
Chapter 10, Day 1
In todays global economy, a great many companies deal in currencies other than
their reporting currencies.
A. Merchandise may be imported or exported with prices stated in a foreign
B. For reporting purposes, f
Article Discussion Questions
"Where Tax Accounting Ends and Tax Law Begins"
by Robert Steinberg, Practical Tax Strategies, Dec. 2012
1. When should a CPA consider NOT representing a client?
1. When a client may later want communication to be privi
Hedging, Part 1
Chapter 10 addresses the accounting for foreign currency transactions and hedging
against changes in exchange rates.
We will cover exchange risk associated with:
- Recognized foreign currency denominated asse
Pages 383 -388; Sale of Parents Investment in Common Stock.
When selling the entire investment in the subsidiary or when the sale results in loss of control,
the parent must first update the investment account to reflect the
ADVANCED ACCOUNTING (ACC 501)
Bonus for Turning this in
Problem #1: (8 Points)
Parent Inc. acquired the voting common stock
The law of demand states that the quantity demanded of a product increases as:
the price of the product falls.
A purchase of tickets for a concert is a purchase of a:
Figure 4.5 illustrates the supply of guitars.
If a coffee store purchases 40 cents worth of coffee and spends 20 cents on wages per cup of coffee to produce
a 75 cent cup of coffee, that firm's value added per cup of coffee is:
The slope of a straight l
Survival and success in the United States for all minority groups has had more to do with group processes than
with individual will or motivation.
1.5 out of 1.5 points
Assimilation in the United Stat
Which of the following represents an action by the Federal Reserve that is designed to increase the money supply?
a decrease in the required reserve ratio
If the marginal propensity to consume is 0.8, the value of t
The most important way the Federal Reserve changes the supply of
Which of the following equations is correct?
real interest rate = nominal interest
rate - inflation