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Archive for June, 2011

15. (TCO 3) Why would an economist argue that a firm can make ‘zero economic profit’ and still be okay? The firm (Points: 4)
has made zero accounting profit
has made an accounting loss
has covered its normal profit [break even]
does not know what to do

16. (TCO 3) Why do firms Not want to produce to at an output level that is to the left of the profit maximizing output point? (Points: 4)
They want to make sure they always produce where the marginal cost is greater than the marginal revenue
They will make more on a per unit basis and sell more units.
They will make more on a per unit basis but sell fewer units.
They typically have no idea where the profit maximizing output point is.

17. (TCO 3) The profit maximizing rule can be used with which market structures: (Points: 4)
Perfectly competitive firms.
Monopolistic firms.
Monopolies
All of the above.

18. (TCO 3) The average total cost (ATC) curve and the average variable cost (AVC) curve: (Points: 4)
get closer together as output rises
get further apart as output rises
remain parallel as output rises
intersect when average total cost is at its minimum

19. (TCO 3) Which of the following firms is operating in the long-run rather than the short-run? (Points: 4)
Wal-Mart
Microsoft
Google
None of the above

20. (TCO 3) Pat opened his restaurant 10 years ago. He has a 15 year mortgage on his $200,000 building. He just paid off all of his equipment last year. He has a payroll of $400,000 a year, and his cost for product was $600,000 last year. A new freeway section just opened which bypasses his market area. Traffic has dropped by 60%. He realizes that he can no longer stay in business so he chooses to ‘shut his operation down.’ Which of the following is not true? (Points: 4)
Fixed cost will be zero
Variable cost will be zero
Total revenue will be zero
Fixed cost still remains.

21. (TCO 4) Which of the following statements about GDP is most accurate? (Points: 4)
The dollar value of goods and services in a nation.
The dollar value of all intermediate goods and services in a nation.
The dollar value of all the final goods and services produced in a nation during the year.
The dollar value of all intermediate goods and services produced in a nation in one year regardless of who owns the resources.

22. (TCO 4) Which of the following items would be included in GDP? (Points: 4)
The value of French stocks purchased by a U.S. investor
The output of a U.S.-owned software company in California
The value of clean air
The coffee sales in Starbucks shops in Japan

23. (TCO 4) Why are intermediate goods not included in the GDP numbers? (Points: 4)
to restrict GDP to important goods.
to maintain a constant definition for the consumer price index.
to avoid multiple counting.
to restrict GDP to goods that can be priced.

24. (TCO 4) When economists measure how well a nation’s economy has been doing in recent years, they look at: (Points: 4)
nominal GDP.
real GDP.
nothing specifically

25. (TCO 5) In general, unanticipated inflation causes: (Points: 4)
creditors and debtors to be gainers
creditors and debtors to be losers
creditors to be gainers and debtors to be losers
creditors to be losers and debtors to be gainers

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Dear Hiring Manager:

I was excited to view your posting on Craigslist.org for an entry-level accounting position. I am an experienced administrative assistant who is trying to become a CPA, and would be thrilled to join your company. I believe my experience, education, and skills are appropriate for this opening.

My 6+ years of administrative experience, and 3+ years supporting senior management in a financial instution would be essential in providing you with an efficienct staff member. I am familiar with the position reqirements considering my current responsibilities contain reconciling GL accounts, compiling financial data and producing various reports for the Board of Directors. My software proficiency includes Quickbooks, company-specific banking applications, and utilizing Microsoft Office applications for financial data. It would be easy to acclimate me to your team with my high adaptability and computer aptitude, reducing training time and getting me up and running quickly.

The road I’ve traveled to become an accountant has certianly been a rocky one, and I am still working toward my bachelor’s degree. Despite the many setbacks, I have already received my Associates Degree in Accounting from Heald and feel ready and eager to employ my skills at your firm. At Heald, we studied Generally Accepted Accounting Principles, accounting softwares, payroll accounting, accounting spreadsheets, and Federal and State income taxes for both businesses and individuals. The combination of my education and drive to succeed would make me an ideal canidate to include in your professional team.

I look forward to your invitation for an interview, so that we may discuss the ways in which I can help your firm shine. Thank you so much for reviewing my attached resume, which further details my helpful qualifications. I am available at any time, should you need additional informaiton or have any questions.

Sincerely,
Have made changes since posting, and reposted question as:
Please review my cover letter, and suggest helpful things!

Changes included: 1) Fixed misspellings (saw them right after posting). 2) Removed the “rocky” part. was going for ‘showing personality’ and seeming human, but it might’ve reflected badly. (as Genevive said [thank you G!!]) 3) removed some ‘I’ usage, and instead of ‘believing’ made more firm statements.
(Could you re-review, Genevive? I am very thankful for your thoughts so far!!)

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This digital document is an article from Utah Business, published by American Diversified Publishing Company, Inc. on July 1, 2001. The length of the article is 645 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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Title: Players … More >>

Players Strategic Moves.: An article from: Utah Business