Monthly Archives: December 2013

ECO 204 WEEK 2 DQ1 -TAX CREDITS AND THE LABOR MARKET-PRINCIPLES OF MICROECONOMICS (A+ Guaranteed)

ECO/204 WEEK 2 DQ1 -TAX CREDITS AND THE LABOR MARKET-PRINCIPLES OF MICROECONOMICS Discussion 1 – Tax Credits and the Labor Market Many states provide firms with an “investment tax credit” that effectively reduces the price of capital. In theory, these … Continue reading

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ECO 204 WEEK 2 DQ2 -REDUCTION OF COSTS-PRINCIPLE OF MICROECONOMICS (A+ Guaranteed)

ECO/204 WEEK 2 DQ2 -REDUCTION OF COSTS-PRINCIPLE OF MICROECONOMICS Discussion 2 – Reduction of Costs In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies … Continue reading

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ECO 204 WEEK 3 DISCUSSION 1 -PERFECT COMPETITION-PRINCIPLES OF MICROECONOMICS (A+ Guaranteed)

ECO/204 WEEK 3 DISCUSSION 1 -PERFECT COMPETITION-PRINCIPLES OF MICROECONOMICS Discussion 1 – Perfect Competition A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient … Continue reading

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ECO 204 3 DISCUSSION 2 -OLIGOPOLY & MONOPOLISTICALLY COMPETITIVE -PRINCIPLES OF MICROECONOMICS (A+ Guaranteed)

ECO/204 3 DISCUSSION 2 -OLIGOPOLY & MONOPOLISTICALLY COMPETITIVE -PRINCIPLES OF MICROECONOMICS Discussion 2 – Oligopoly/Monopolistic Competition Which of the following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Make sure in your answer to … Continue reading

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ECO 204 PRINCIPLES OF MICROECONOMICS- WEEK 1 QUIZ- CHAPTERS 1- 6 COMPLETE (A+ Guaranteed)

ECO/204 PRINCIPLES OF MICROECONOMICS- WEEK 1 QUIZ- CHAPTERS 1- 6 COMPLETE Required Text: Case, K.E., Fair, R.C., and Oster, S.E. (2009) Principles of Microeconomics (9th ed). Upper Saddle River, New Jersey: Pearson Prentice Hall. Week 1 Chapters: Chapter 1: The … Continue reading

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The following information is taken from Sweeping Broom Manufacturing Company (A+)

The following information is taken from Sweeping Broom Manufacturing Company Number of Total Brooms produced Production Cost January 9,800 $17,100 February 7,000 15,000 March 8,000 16,000 April 7,500 15,500 May 10,100 17,200 June 9,000 17,000 July 10,500 19,000 August 11,600 … Continue reading

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The following estimates are available for George manufacturing for 2004 (A+)

The following estimates are available for George manufacturing for 2004: George Manufacturing Estimated Manufacturing Overhead For The Year Ended December 31, 2004. Production Machine Setup $75,000 Production Machine Depreciation 240,000 Quality Testing 25,000 Other Overhead Cost 150,000 Total Manufacturing Overhead … Continue reading

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The following information relates to the Richard Renick Company for 2005 (A+)

The following information relates to the Richard Renick Company for 2005: Units Percent Complete Units completed in 2005 390,000 Work-in-process at December 31 72,000 20% Cost Information: Cost of the beginning Work-in-process $14,280 Currents year production cost $248,580 Required: Calculate … Continue reading

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Willig-Davis Cleaning Equipment began two jobs during March 2004 (A+)

Willig-Davis Cleaning Equipment began two jobs during March 2004. There was no beginning inventory. The following information is available. Job 10 Job 15 Direct Material $14,350 $23,530 Direct Labor $7,231 $15,125 Machine Hours 124 236 The company estimated manufacturing overhead … Continue reading

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The following data pertain to the Miami Manufacturing Company (A+)

The following data pertain to the Miami Manufacturing Company for the year ended December 31, 2004 Beginning finished goods inventory $ 255,000 Ending finished goods inventory 270,000 Beginning direct material inventory 82,000 Ending direct material inventory 98,000 Beginning work-in-process inventory … Continue reading

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