Pioneer Trucking Company, which leases trucks to oilfield workers to move their equipment, recently purchased a truck. The sticker price of the truck was $52,000 and the company paid $47,500. Pioneer also paid sales tax of $3,500 on the purchase, shipping and preparation costs of $4,500, and insurance for the first year of operation of $5,500. At what amount should Pioneer debit to the truck account in their general journal?

Multiple Choice

• $52,000.

• $47,500.

• $52,000.

• $55,500.

Talcville Farms just paid a dividend of $3.52 on its stock. The growth rate in dividends is expected to be a constant 6.6% per year indefinitely. Investors require a 16.6% return on the stock for the first three years, a 14.6 % return for the next three years, and an 12.6% return thereafter. What is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Compared with Canada, Germany, and the U.K., the U.S. ranks first in the stock of medical technologies such as magnetic resonance imaging (MRI), radiation therapy, and cardiac catheterization. Typically, technological advancement is thought to reduce costs and thus leading to lower prices in most markets. However, in U.S. health care markets, technological improvements are cited as one of the reasons for price increases. Briefly explain this seemingly contradictory phenomena using supply and demand analysis.

Rob decided to by a bond with a face value of 1000, coupon rate of 10% which is paid out annually, with a maturity of 6 years. Rob invests the coupon for the first year at 8 percent for a year and sells the bond after receiving the 2nd years coupon is received. At time equals 2, the bonds yield to maturity is 9.5 percent. If Rob earned an annualized 14% return on this what was the purchase price fo this bond

The Fed has the twin mandates of achieving both high employment and keeping low inflation. Many central banks only have price stability as the primary goal. Given its control of the money supply, they will have more influence in that area. When the economy experiences stagflation, the policies for lowering unemployment and lowering inflation are contradictory. If this situation were to occur, which one do you think the Fed should focus on first?

Using the normal graphs of basic micro-economics, please trace through the expected relative price and employment impacts of a single family detached housing subsidy to the poor in the markets for:
 
 Single family detached Homes,
 Carpenters,
 Glass,
 iPods,
 Beer,
 Purchases of restaurant meals by the rich.
 First-class air tickets from San Francisco to Paris
 The Audi R8 (This is a cool sports car on a Formula One racing frame.)

Using the normal graphs of basic micro-economics, please trace through the expected relative price and employment impacts of a single family detached housing subsidy to the poor in the markets for:
 
 Single family detached Homes,
 Carpenters,
 Glass,
 iPods,
 Beer,
 Purchases of restaurant meals by the rich.
 First-class air tickets from San Francisco to Paris
 The Audi R8 (This is a cool sports car on a Formula One racing frame.)

Using the normal graphs of basic micro-economics, please trace through the expected relative price and employment impacts of a single family detached housing subsidy to the poor in the markets for:
 
 Single family detached Homes,
 Carpenters,
 Glass,
 iPods,
 Beer,
 Purchases of restaurant meals by the rich.
 First-class air tickets from San Francisco to Paris
 The Audi R8 (This is a cool sports car on a Formula One racing frame.)

An inflation-indexed Treasury bond has a par value of $5,000 and a coupon rate of 7 percent. An investor purchases this bond and holds it for one year. During the year, the consumer price index decreases by 1.5 percent first six months of the year, and by 2.25 percent during the second six months of the year due to a deflation. What are the total interest payments the investor will receive during the year?

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