Pitfalls of Economic Analysis: Review the discussion of pitfalls in economic thinking. Then identify the fallacy, or mistake in thinking, in each of the following statements:A. Raising taxes always increases government revenues. B. Whenever there is a recession, imports decrease. Therefore, to stop a recession, we should increase imports. C. Raising the tariff on imported steel helps the U. S. steel industry. Therefore, the entire economy is helped. D. Gold sells for about $1,000 per ounce. Therefore, the U. S. government could sell all the gold in Fort Knox at $1,000 per ounce and reduce the national debt.

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What is the difference between secure bonds and naked bonds?

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.