ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The J. Godfrey, Capital account has a credit balance of $19,000 before closing entries are made. If total revenues for the period are $56,100, total expenses are $38,900, and withdrawals are $10,000, what is the ending balance in the J. Godfrey, Capital account after all closing entries are made?arrow_forwardAfter suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Why would anyone in Zimbabwe be willing to accept U.S. dollars in exchange for goods and services?arrow_forwardSuppose that you deposit $411 at an interest rate of i = 3% Using the formula for future value, how much will you have in the bank after 81 periods? Round your answer to two (2) decimal places if necessary and do not include a dollar signarrow_forward
- The deposit with post office is $23,000 and the value of M3 is $40,000 Calculate the value of M4arrow_forwardLet us assume that a capitalist employs a worker for the production of bags for ladies. Production of one bag requires 12 hours of direct labor. Capitalist provides tools for production of bags. The direct labor content (equivalent) of these tools to produce one bag is 20 hours. Let us also assume that one hour of direct labor in that country is worth one schilling ( schilling is the national money of that country) Given these a) What will be the value of one bag (in schillings) in that country? b) What is the justified share (in schillings) of the capitalist (according to Marx) from the sale of one bag. c) If capitalist pays only 0.5 schillings per hour to the worker; what will be the surplus value and the capitalist for one bag?arrow_forward
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