MNLogs harvested logs (with no inputs from other companies) from their property in northern Minnesota. They sold these logs to MNLumber for $2,000 and MNLumber cut and planed the logs into lumber. MNLumber then sold the lumber for $4,500to MNFurniture. MNFurniture used the lumber to produce 100 tables that they sold to customers for $90 each.
a. Complete the table below to calculate the value added by each firm.
Company Revenues Cost of purchased inputs Value added
MNLogs $ $ $
MNLumber $ $ $
MNFurniture $ $ $
b. Suppose that all of these transactions took place in 2011. By how much (in $) did GDP increase because of these transactions?
c. Suppose that MNLogs harvested the logs in October 2011 and sold them to MNLumber in December 2011. MNLumber then sold the finished lumber to MNFurniture in April 2012 and MNFurniture sold all 100 tables during the rest of 2012. By how much did GDP increase in 2011 and 2012 because of these transactions?
GDP increase in 2011: $
GDP increase in 2012: $

Orange corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. today, the market interest rate on these bonds is 5.5%. what is the current price of the bonds, given that they now have 19 years to maturity?

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?