If your new business (in which you have invested $50,000, which you previously kept in savings, earning 10% interest) earns an accounting profit of $30,000 in the first year, and you had previously been employed as a ditch-digger, earning $10,000 per year, your economic profit is:

If a country were considering between tariffs and quotas, which of the following statements can be
JUSTIFIED?

A ______ multiple can be misleading as a valuation indicator when there are significant differences among the level of assets employed by companies.

Assume the nominal exchange rate (CA$/US$) increases by 10%, the inflation rate in Canada is 2%, and the inflation rate in the U.S. is 5%. The change in the real exchange rate is then:

Which of the following is/are not current liability as of Dec. 31, 2010?
I). Management fees collected in advance in 2010, to be earned during 2011.
II). The portion of long-term debt due in 2011.
III). Warranty liability for products carrying a two-year warranty and sold during 2010.
IV). The interest due to creditors and bond holders for 2011, to be paid in 2011.