ECON 1110 Lecture Notes - Lecture 6: Weighted Arithmetic Mean, Partial Derivative, Indifference Curve

They will choose the best alternatives, given what is available, given the constraints. When a microeconomist analyzes a market in isolation, assuming 

ECON 1110 Lecture Notes - Lecture 6: Discounting, Pointless, Substitute Good

Chapter 3: the budget constraint and the consumer"s optimal choice. A consumer has a budget constraint-he can"t afford everything that he wants. He wan

ECON 0710 Lecture Notes - Lecture 11: Karen People, Payroll Tax, Current Liability

Debts that will be paid out of current assets and are due within one year. Three types: accounts payable, current portion of long-term debt, short-term

ECON 0710 Lecture Notes - Lecture 10: Accelerated Depreciation, Intangible Asset, Fixed Asset

Owned and used by company in normal operations. Important to figure out initial cost and amortization rate: patent. Exclusive rights to produce and sel

ECON 0710 Lecture Notes - Lecture 9: Interest Rate, Accounts Receivable, Current Asset

If collected within a year, considered current asset. Bad debt expense/uncollectible accounts expense or doubtful accounts expense. Two methods for unc

ECON 0710 Lecture Notes - Lecture 7: Income Statement, Balance Sheet, Perpetual Inventory

Primary objectives: safeguarding inventory from damage, reporting inventory in the financial statements. If this matches other two, then inventory is r

ECON 0710 Lecture Notes - Lecture 8: Bank Statement, List Of The Shield Episodes, Bank Reconciliation

Purpose is to maintain public confidence and trust in the financial reporting of companies. Objectives to provide assurance that: assets are safeguarde

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