E-commerce takes on many forms. Amazon has changed product distribution and consumer access significantly.   Most recently, Amazon has purchased Whole Foods. Discuss the impact that Amazon's decision will have on big box retailers such as Walmart and others. E-Bay has experienced some impact and Toys 'R Us has closed its store and liquidated its inventory. What strategies will the retailers nad other online merchants need to implement in order to remain competitive?

Show the effect on price (increase, decrease, no effect): Show the effect on price (increase, decrease, no effect) for each of the following situations under three form of market efficiency Situations

You are investigating systems requirements for a shipping company. Assume that you have set up an interview with the manager of the shipping department. Your objective is to determine how shipping works and what the information requirements for the new system will be.

IN 300 WORDS Make a list of questions—three (3) open ended and three (3) closed ended— that you would use. Include four (4) questions or techniques you would use to ensure you find out about the exceptions.

Explain the impacts of Canadian firms learning positive economic news about the future in the context of the market for loanable funds. For example, when the price of oil increases following the unexpected news that Saudi Arabia and Russia have made up and agreed to lower production to support the price of oil. Contrast the impacts if Canada is better approximated by a closed economy versus if Canada is better approximated by an open economy. Your answers do not need to go outside the impacts in the market for loanable funds.

1. In response to the COVID-19 outbreak, the Bank of Canada has cut the key interest rate by 50 basis points to help stimulate the economy. (Chapter 28) Complete the following:
   1. Graph the decline in interest rate and discuss what happened.
   2. What parts of the AE function are effected and how? Graph the change in the AE model.
   3. Graph the AD/AS function and close the gap. What gap was closed? What is expected to happen to GDP and price levels as a result of the interest rate cut?

Suppose K is a nonempty compact subset of a metric space X and x ∈ X.

(i) Give an example of an x ∈ X for which there exists distinct points p, r ∈ K such that, for all q ∈ K, d(p, x) = d(r, x) ≤ d(q, x).

(ii) Show, there is a point p ∈ K such that, for all other q ∈ K, d(p, x) ≤ d(q, x).

[Suggestion: As a start, let S = {d(x, y) : y ∈ K} and show there is a sequence (qn) from K such that the numerical sequence (d(x, qn)) converges to inf(S).] 63

(iii) Let X = R \ {0} and K = (0, 1]. Is there a point x ∈ X with no closest point in K? Is K closed, bounded, complete, compact?

(iv) Let E = {e0, e1, . . . } be a countable set. Define a metric d on E by d(ej , ek) = 1 for j not equal k and j, k not equal 0; d(ej , ej ) = 0 and d(e0, ej ) = 1 + 1/j for j not equal 0. Show d is a metric on E. Let K = {e1, e2, . . . } and x = e0. Is there a closest point in K to x? Is K closed, bounded, complete, compact?

Question Set 6: Effectiveness of Monetary and Fiscal Policy in an Open Economy

Respond to and answer the following prompts and questions:

Why does monetary policy have a greater effect on aggregate demand in an open economy than in a closed economy?

Why does fiscal policy have a smaller effect on aggregate demand in an open economy than in a closed economy?

Assume our macroeconomic goals now include price level stability, full employment, economic growth, and exchange rate stability.

Assume the economy is in an inflationary gap, then design a monetary policy to close the gap. In your policy design, complete and answer the following:

Explain the effect of your policy on the macro economy in the short-run.

Illustrate your answer with a graph.

Does the United States achieve the goals of price level stability, full employment, economic growth, and exchange rate stability? Please explain.

Assume the economy is in a recessionary gap, then design a fiscal policy to close the gap. In your policy design, complete and answer the following:

Explain the effect of your policy on the macro economy in the short-run.

Illustrate your answer with a graph.

By pursuing this policy, does the United States achieve the goals of price level stability, full employment, economic growth and exchange rate stability? Please explain.

Exercise 7-7A Effect of recognizing uncollectible accounts on the financial statements: percent of receivables allowance method LO 7-2 [The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations: Year 1: Issued $29,000 of common stock for cash. Provided $98,900 of services on account. Provided $55,000 of services and received cash. Collected $88,000 cash from accounts receivable. Paid $57,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account. Year 2: Wrote off an uncollectible account for $840. Provided $107,000 of services on account. Provided $51,000 of services and collected cash. Collected $100,000 cash from accounts receivable. Paid $84,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Exercise 7-7A Part c c. What is the net realizable value of the accounts receivable at December 31, Year 1?

[The following information applies to the questions displayed below.]

Leach Inc. experienced the following events for the first two years of its operations:

Year 1:

1. Issued $10,000 of common stock for cash.
2. Provided $78,000 of services on account.
3. Provided $36,000 of services and received cash.
4. Collected $69,000 cash from accounts receivable.
5. Paid $38,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
7. Closed the revenue account.
8. Closed the expense account.

Year 2:

1. Wrote off an uncollectible account for $650.
2. Provided $88,000 of services on account.
3. Provided $32,000 of services and collected cash.
4. Collected $81,000 cash from accounts receivable.
5. Paid $65,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

b. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Year 1. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)
  

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