Acompany reports operating expenses of $5 million. operating expenses include rent expense. prepaid rent at the beginning and end of the year is $120,000 and $80,000, respectively. all other operating expenses were paid in cash as incurred. what is the amount of cash paid for operating expenses?

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.