Economics: Economic Systems Flashcards

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accounting

EOQ analysis Tiger Corporation purchases 1,200,000 units per year of one component. The fixed cost per order is $25. The annual carrying cost of the item is 27% of its$2 cost. a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is zero rather than $25, and (3) the order cost is$25 but the carrying cost is $0.01.

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accounting

A share of stock is a unit of ownership in a corporation. Stock may be purchased by individuals, investment companies, pension funds, institutions, banks, and other companies. Publicly traded stocks are bought and sold on stock exchanges throughout the world. Ownership of a corporation's stock entitles the owner to distributions of earnings if dividends are declared. Many investors, however, buy stock with the expectation that it will increase in value and the stock can be sold for a profit.

Stock ownership entitles the owner to vote at stockholders' meetings proportional to the number of shares owned. Important issues regarding the corporation may be decided at these meetings including the election of the members of the board of directors. Sometimes an individual or group of stockholders will attempt to gain a majority of a company's stock in order to elect their choice of directors and thus take control of the company.

Investors might determine which stocks they will purchase based on political or social issues. For example, an investor might buy stocks only of companies that have environmental policies. Another investor might buy stocks only of companies that have family-friendly policies allowing for a balance in work and family life for their employees.

Compose a letter to one of these individuals asking them to serve on the board of directors for your company. Using persuasion, explain why their involvement would be beneficial to everyone.

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accounting

Leather Shop earned net income of $57,000 after deducting depreciation of$5,000 and all other expenses. Current assets decreased by $4,000, and current liabilities increased by$8,000. How much was Leather Shop's net cash provided by operating activities (indirect method)?

a. $40,000
b.$66,000
c. $48,000
d.$74,000

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business math

Consider the following demographic data for hypothetical states. Answer the following questions. Assume that everyone votes along party lines. a. How would House seats be divided if they reflected the voter party distribution of the state? b. If the districts could be drawn without restriction (unlimited gerrymandering), what would be the maximum and minimum number of Republican representatives who could be sent to Congress? Explain how each result could be achieved. The state has 10 representatives and a population of 5 million; party affiliations are $70 \%$ Republican and $30 \%$ Democrat.

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