john's 8minusyearminusold chevrolet trail blazer requires repairs estimated at $ 8 comma 000 to make it road worthy again. his wife, sherry, suggested that he should buy a 5minusyearminusold used jeep grand cherokee instead for $ 8 comma 000 cash. sherry estimated the following costs for the two cars: trail blazer grand cherokee acquisition cost $ 25 comma 000 $ 8 comma 000 repairs $ 8 comma 000 long dash annual operating costs (gas, maintenance, insurance) $ 2 comma 680 $ 1 comma 800 what should john do? what are his savings in the first year?

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.